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  Security Software Zone » Software Reviews » General Security » New Strategic Partnership Between Q2 Software and Centrix Solutions - Commitment to Providing Customers With Leading-Edge Technology

New Strategic Partnership Between Q2 Software and Centrix Solutions - Commitment to Providing Customers With Leading-Edge Technology

Category: General Security
Published: 07/27/2007, 23:20  
Editor: Remus Zoica
 
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    The new partnership signed between Q2 Software, Inc. and Centrix Solutions, Inc. is a proof of commitment to providing Customers with leading-edge Technology. The first company,  Q2 Software is a financial services technology company, and the second is the industry-leading web-based positive pay, check reconciliation and ACH transaction monitoring solution. Exact/TMS™ offers a robust browser interface for commercial customers, dimisnishing the need to install software on client workstations. The nightly account reconcilement process automatically warns the client by email if either check or ACH exceptions require a pay or return decision. Customers can make such decisions, view images of checks in question, analyze reconcilement reports and submit electronic issued check files all via the Q2Online Banking solution in a secure, paperless environment.

    "By natively incorporating the Centrix positive pay technology into our online cash management services, we further demonstrate our commitment to providing our customers with leading-edge technology. The Centrix solution places fraud control in the hands of the account owner, enhancing our self-service strategy and reducing our customer's cost of administrationm," said Matt Flake, Vice President of Sales at Q2 Software.

    In addition, Jeff Asselin, Vice President at Centrix, likes the shared vision of the two companies. "Both companies are focused on providing technology to their customers that enable them to compete favorably with super-regional and national institutions. In this regard, Exact/TMS and Q2Online together create a good product for financial institutions."

The most important advantages of the Centrix Exact/TMS™ solution are:

    * Integrated data mapping utility permits the bank to accept issued check file formats that are native to the client's accounting system, thus virtually eliminating custom interfaces
    * Automated emails to alert clients when exception items are present
    * ACH filter rules will observe ACH activity and notify the client of exceptions
    * Check image integration permits the client to view images of exception items
    * Secure web interface manages all client interaction and removes the need to install software on client workstations
    * Integration with the teller system offers front line defense against check fraud
    * Reverse positive pay functionality brings added flexibility for financial institutuinwhen presenting corporate clients with fraud prevention options
    * On-line exception management enables the client to make pay/return decisions via the web for both check exceptions and ACH exceptions
    * Client-level service charge parameters provide flexibility for positive pay service fee income
    * Automated processing of submitted issued check files eliminates manual intervention when clients submit issued check files

For more information visit http://www.centrixsolutions.com and http://www.Q2software.com.
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