Federal Home Loan Bank deploys P&H cash management system

Source: P&H Solutions

P&H Solutions, the leader in providing business banking solutions to financial institutions throughout North America, announces that a major Federal Home Loan Bank has gone live with P&H Solutions' Web Cash Manager.

The entire implementation, including installation, integration, set up, product testing, and training, was completed in just 120 days. With the introduction of Web Cash Manager, this bank has replaced its customer facing integrated wire system and greatly enhanced the functionality offered to its members.

"The ability to install a system such as this into a complex computing environment in only 120 days is a testament to our 20+ years in the cash management business and the hundreds of installations we have successfully completed," says Ralph Dangelmaier, P&H Solutions President. "The greatest challenge was the development of four real-time interfaces to FHLB host systems in a 120 day period, including: a real-time interface to an Intranet wire system, an interface for Federal Home Loan Bank's RSA token authentication system used for login and wire release, single sign-on integration, and user setup integration with their portal system. Each interface was designed, developed, and thoroughly tested during the four month period."

"Our Workbook Methodology is widely acknowledged as the best process for developing interfaces in the industry," says Dangelmaier. "We knew we could rely on this proven process, with its clearly defined roadmap of implementation activities, message content, and file formats, to successfully integrate with FHLB's host systems. This installation, with P&H's Web Cash Manager Suite as its foundation, will provide FHLB with robust functionality, exceptional scalability, and a secure environment upon which to serve its members. We are pleased we could deliver the product in just 120 days."

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