East West Bank licenses P&H Solutions Web Cash Manager

Source: P&H Solutions

P&H Solutions, the leader in providing business banking solutions to financial institutions throughout North America, today announced that East West Bancorp (Nasdaq:EWBC) with assets of $7.8 billion has chosen P&H Web Cash Manager Suite as the foundation for delivering innovative products and services to its business customer base.

The company's wholly-owned subsidiary, East West Bank, is the second largest independent commercial bank headquartered in Los Angeles. 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.

"With P&H Web Cash Manager's single platform approach, we will be able to increase efficiency and reduce costs by replacing multiple cash management systems with one," said Paul May, First Vice President at East West Bank. "In addition, the enhanced features and functionality will allow us to offer a complete range of cash management products tailored to fit every type of business customer."

East West Bank will utilize a broad range of Web Cash Manager functionality including real-time wires; ACH, including pre-funding; real-time host inquiries; reporting; transfers; stop payments; cash concentration; bill pay; positive pay; and Quicken and QuickBooks interfaces. The entire product suite will be implemented through the secure P&H Outsource Solution Center and will provide 24x7 account access to East West's business customer base.

"Having a single robust enterprise business banking platform will allow East West Bank's branch personnel to offer a wide range of banking products and services to a diverse customer base, from high net worth individuals to large corporations," said Ralph Dangelmaier, President of P&H Solutions. "This should help them continue to build on their excellent reputation of putting their customers first."

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