Press Release
Top Cash management bank implements Generated Systems Products
Atlanta, GA, March 20, 2006 – Generated Systems Technologies, Inc., a leading provider of innovative financial software solutions, today announced that a top cash management bank in the United States, has implemented the Bulk Payment Generator and Accounting System Interface.
Bulk Payment Generator is an application specifically designed to address the needs of the bank’s high volume clients that prefer to enter payments offline and submit them to the bank in bulk. This solution can also be used as a contingency in the event a customer cannot connect to the bank’s web system.
Accounting System Interface is an application that imports payment files from the bank’s corporate customers’ accounting/ERP systems and translates the files into the bank’s standard format. This solution features a data mapping Import Rule Wizard that eliminates the need for time consuming bank side setup and/or custom programming, thus accelerating the bank’s revenue.
“We are pleased to announce that our early-adopter bank has integrated Bulk Payment Generator and Accounting System Interface together and moved both solutions to their Production environment,” said Edward J. Gainer, President of Generated Systems. “In this case, a top bank has leveraged Bulk Payment Generator as a power user solution for their high volume wire transfer customers. This solution also allows their customers to continue entering wires even if they cannot access the Internet. The Accounting System Interface provides their customers with a unique and powerful tool enabling them to convert corporate wire data into the bank’s format for straight-through-processing. The system will greatly enhance their ability to generate high volume wire revenue while satisfying the needs of their customers.”
The Bulk Payment Generator and the Accounting System Interface can be implemented in a variety of ways to best fit a bank’s desired architecture and can be coupled with or independent from a web cash management system. Both products are ready for general availability.