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Fulton Financial licenses P&H cash management software

19 July 2005  |  1868 views  |  0 Source: P&H Solutions

P&H Solutions, the leader in providing business banking solutions to financial institutions throughout North America, today announced that Fulton Financial Corporation (NASDAQ: FULT), with assets of $12 billion and holding company for fourteen banks, has chosen P&H Web Cash Manager Suite to provide comprehensive business banking products and services to its customer base located throughout Pennsylvania, Maryland, Delaware, New Jersey, and Virginia.

Using P&H's single platform approach, businesses of all sizes – from micro to large corporates – will be able to take advantage of the rich functionality and ease-of-use inherent in Web Cash Manager. Fulton offers business banking services directly to micro and small businesses throughout the five state network.

"Being able to serve all of our business customers, regardless of their size, from a single platform will provide Fulton Financial with a strong competitive offering in our market areas. Fulton's multi-bank holding company structure requires that we have a flexible and scalable product solution capable of meeting a diverse set of needs," said Jim Lowe, SVP of Cash Management for Fulton Financial Corporation.

"In addition, P&H's experience in migrating from our existing legacy platform to Web Cash Manager should ensure a smooth transition for both the bank and our customers," said Vicky Kuntz, Cash Management Product Manager for Fulton Financial.

Fulton Financial will utilize a broad range of Web Cash Manager functionality including wires, ACH, real-time host inquiries, reporting, transfers, stop payments, cash concentration, bill pay, positive pay, and Quicken and QuickBooks interfaces. This new solution will be replacing a legacy system, currently in use throughout Fulton Financial's banks. The entire product suite will be implemented through the P&H Outsource Solution Center and will provide 24x7 account access to Fulton’s diverse business customer base.

"Fulton Financial recognizes the advantages of having a single platform from which to serve all of its business customers", said Ralph Dangelmaier, President of P&H Solutions. "Once again, our industry-leading approach will be providing a forward-looking organization with a business banking system that can grow with its customer base. We look forward to working with them well into the future."

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