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SunGard to distribute Trintech bank fee analysis system

13 December 2004  |  754 views  |  0 Source: SunGard Treasury Systems

SunGard Treasury Systems, an operating group of SunGard (NYSE:SDS), and Trintech (Nasdaq:TTPA) (Prime Standard:TTP), a leading provider of transaction reconciliation and payment infrastructure solutions, today announced an expanded agreement that enables SunGard Treasury Systems to offer Trintech's Bank Fee Analysis system to its customers

Trintech's Bank Fee Analysis solution is designed to help businesses reduce bank fees and standardise fee reporting through automation of the analysis of monthly electronic bank statements. With Bank Fee Analysis, SunGard customers will be able to interactively display and compare fee analysis statements in a consistent format across every bank - helping them to analyse fees, consolidate accounts and optimise their use of banking services.

"We are pleased to offer these expanded services to SunGard Treasury Systems' customers," said John Harte, general manager, Trintech's Funds Management Systems division. "The Bank Fee Analysis system has delivered significant benefits and a fast ROI, averaging six months or less, to our customers, and we are pleased that SunGard can now extend these benefits to its customer base."

"Capturing, reporting and analysing bank service fees is increasingly important for auditability and cost-management," said Ken Dummitt, president, SunGard Treasury Systems. "We are pleased to expand our agreement with Trintech and offer the documentation and error-detection and analysis capabilities of Bank Fee Analysis to our customers," he said.

SunGard Treasury Systems announced an agreement with Trintech in May of this year by which Trintech's DataFlow data network provides SunGard customers with seamless access to bank balance and transaction data from North American banks through SunGard's secure AvantGard-ETX real-time messaging network.

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