Source: Jack Henry
Jack Henry today announced JHA Treasury Management, a financial management solution designed specifically for mid-sized to large commercial customers.
Commercial customers represent a particularly important growth opportunity for banks. The ability to build better relationships among this competitive and lucrative business segment requires a focused and specific strategy that includes support for managing day-to-day cash flow as well as long-term financial health. JHA Treasury Management helps commercially focused financial institutions meet this need by providing a robust, flexible, and scalable cash management solution that is delivered with the convenience and accessibility required in today’s on-demand environment.
Kevin Runyon, executive vice president of information technology at Bedminster, N.J.-based Peapack-Gladstone Bank, stated, “Our bank has built its reputation on providing high-performing, sought after solutions to our commercial clients. We’re always seeking innovative technologies that can give our $4.2 billion bank a competitive edge, and that’s exactly what we found in JHA Treasury Management. The solution is competitive with or better than all the large competitors we come up against; it’s a product that we can be proud to sell and comfortable earning non-interest income from.”
JHA Treasury Management provides complete cash management capabilities including a wide array of payment options such as one-time and recurring account transfers; domestic and international wire origination; and ACH originations and file uploads. Access to payment reports and approvals is highly customizable. Reporting filters also give users the flexibility to generate tailored reports that can be saved and even flagged as favorites. The solution strictly enforces the industry’s highest security standards.
Stacey Zengel, president of Jack Henry Banking, added, “Sophisticated cash management solutions have become competitive necessities for banks with growth-focused commercial strategies. JHA Treasury Management was built from the ground up to meet modern demands and support new features to market. Offering this feature-rich and user-friendly commercial service enables banks to aggressively and successfully compete with the largest financial institutions for new commercial business and continue to impress existing commercial customers. It is a model example of Jack Henry Banking’s modern technology environment and our commitment to improving our clients’ businesses.”
Jack Henry Banking offers three functionally distinct, tiered cash management solutions, JHA Treasury Management, JHA Commercial Cash Management™, and JHA Small Business Cash Management™, which enable banks to seamlessly support the unique near- and long-term needs of their diverse commercial customers.