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Northern Trust adds reporting and alert capabilities to Treasury Passport products

26 April 2004  |  508 views  |  0

Northern Trust announced today the addition of information reporting and lockbox alerts for its Treasury Passport suite of products. Treasury Passport is Northern Trust's comprehensive suite of web-based applications supporting institutional treasury management clients, and is a complete package of information reporting, image delivery, transaction initiation, and user administration services.

"Information reporting and lockbox alerts are the latest tools in a suite of value-added services offered by Northern Trust to its treasury management clients," said Don Berk, Senior Vice President and Manager of Treasury Management Product for Northern Trust. "And they are yet another example of the flexibility and customization we can offer our clients through dedicated in-house development."

The new lockbox alert allows users to establish proactive notification instructions for individual deposits to their lockbox, while information reporting alerts allow users to establish proactive notification instructions for transactions posting to their DDA account(s) during the current business day. There is also an alert available to notify Treasury Passport users as soon as controlled disbursements information is available.

As proactive notification tools, Treasury Passport alerts improve the efficiency and effectiveness of treasury professionals. When users establish alerts on the system, they are notified within minutes of the information being made available on the Treasury Passport system. Alerts can be delivered to e-mail boxes, alpha pagers, cell phones, and any other device with an associated e-mail address.

"Our clients have been very pleased with the efficiencies Treasury Passport brings to their treasury operations," said Mark Nieszel, Vice President and Treasury Passport Product Manager. "With the new alerts for information reporting and lockbox, clients can focus more on the critical tasks within their operations and let us worry about searching for specific transactions on their account."

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