Wallstreet awarded SwiftReady certifications

Source: Wall Street Systems

Wall Street Systems (Wallstreet), the global provider of treasury, trading and settlement solutions and services, has today announced that it has been awarded three SwiftReady certifications for 2008 for its leading treasury and cash management solution, Wallstreet Suite:

  • SWIFTReady for Corporates - Treasury
  • SWIFTReady for Corporate - Cash Management
  • SWIFTReady Accord integration

The only system designed for the corporate treasury market to achieve three SWIFTReady labels, Wallstreet Suite can now offer corporate treasurers complete treasury and cash management functionality in one system with SWIFT integration - no third party software is required. Once deals have been captured, all processes are fully automated, including sending of confirmations and matching via SWIFT Accord, release and issuing of payment instructions to the banks and reconciliation against bank statements the next day. This improves operational efficiency and accuracy, reducing the risk of errors and enhancing straight-through processing.

"We are delighted to have achieved three SWIFTReady certifications this year, one more than in 2007," said Joergen Jensen, director of corporate solutions, Wall Street Systems. "We have put great effort into making Wallstreet Suite as automated as possible. It is our goal that all repetitive processes should be fully automated and our clients should only have to be concerned about exceptions. SWIFT connectivity plays an import role in reaching this goal."

Patrik Neutjens, head of partner management at SWIFT, said: "Corporates are increasingly joining SWIFT to automate their treasury operations and the Accord service is helping corporates to maximise their STP levels. Wall Street Systems has proven through the SWIFTReady for Corporates label qualifications that it has the know-how and operational excellence to work with corporates to achieve this by providing its customers with an automated feed of Accord matching results into their treasury applications."

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