| |
Carreker Introduces Two
New Cash & Logistics Solutions:
TrackPoint™ for Tracking/Tracing
Physical and Electronic Items and
MatchPoint™ for Validating/Reconciling
Invoices
Commerce Bancorp Begins TrackPoint
Beta Test
DALLAS, TEXAS (December 06, 2005) — Carreker
Corporation (Nasdaq: CANI), a leading
provider of technology and consulting
solutions for the financial industry,
today introduced two new Web-based
enterprise logistics solutions.
- TrackPoint™ tracks, traces,
and reports on virtually any object
or electronic file shipped in or
out of the company, helping institutions
reduce costs, streamline operations
and solve internal control, regulatory,
and audit concerns.
- MatchPoint™ validates and
reconciles vendor invoices, helping
institutions improve audit trails,
eliminate overpayments, and reconcile
tiered pricing.
Commerce Bancorp (based in New Jersey
with assets of $36 billion) is beta
testing TrackPoint, tracking the
routing of check bags from various
branches to operations centers in
New Jersey and New York.
TrackPoint provides Commerce Bancorp
with an enterprise system for managing
deliveries, and the enhanced capability
of browser-based viewing for a real-time
view of the status of items in transit.
Demand in the track-and-trace space
is expected to grow as financial
institutions seek to reduce operational
expense and comply with laws on safeguarding
their assets, with growing emphasis
on the security and confidentiality
of customer information. The
Gramm-Leach-Bliley Act, the Sarbanes-Oxley
Act, and Basel II in various ways
oblige financial institutions to
retain historical customer data as
well as track and trace the movement
of auditable data across, in, and
out of the enterprise.
Brian Evetts, Carreker’s executive
vice president of Cash & Logistics,
said, “Those obligations could
become onerous for banks when it
comes to locating and accessing data
unless they have robust, Web-based
track and trace capabilities. Then
they can improve the management of
their delivery operations – analyzing
volumes, capacities, and workflows
in real time, identifying bottlenecks
and risk points, and reviewing the
performance of vendors and employees. We
also see opportunity for banks to
significantly reduce their overnight
shipping costs by deploying TrackPoint
for their Accountable Mail.”
As for opportunity in MatchPoint’s
space, Aberdeen Group reported in
January 2005 that automating the “order
to pay” component of the invoice
reconciliation/payment function can
reduce invoice processing costs by
more than 60 percent and capture
as much as 17.5 percent savings on
a significant portion of corporate
spend.
TrackPoint is a Web-based track
and trace system that automates the
counting, verification, logging,
and reporting aspects of delivery
management, tracking virtually any
item or electronic file from courier
bags between branches and operations
centers to check image files exchanged
among banks and their customers. It
can support a variety of deployment
strategies, including central facilities,
remote users, and even customers. As
indicated above, TrackPoint benefits
include better internal control of
shipment and delivery tracking, reduced
errors in shipments and deliveries,
better workflows, better vendor management,
and reduced expenses due to automation
and replacement of overnight mail
providers.
MatchPoint automates the vendor
invoice process from the point goods
or services are ordered or received
all the way through to authorization
to pay the invoice. Users can
rapidly match and reconcile vendor
invoices with actual orders. MatchPoint
benefits include better management
of vendor relationships, reduced
overpayments, better audit trails,
and reduced risk, as well as the
reduced expenses associated with
automation.
TrackPoint and MatchPoint share
the same infrastructure, providing
a comprehensive delivery management
and invoice validation solution when
implemented together.
J.D. (Denny) Carreker,
chairman and CEO, Carreker said, “As
laws and regulations place greater
pressure on financial institutions
to track, trace and secure their
assets, and as overall expense pressures
mount, we are pleased to release
two new industry-leading logistics
solutions designed to help manage
these pressures. We are also
pleased that Commerce Bank, a long-time
client, is our beta test partner
for our latest logistics solution.”
About Carreker Corporation
Carreker Corporation improves earnings
for financial institutions around
the world. The Company’s
integrated consulting and software
solutions are designed to increase
clients’ revenues and reduce
their expenses, while improving security
and increasing the value of their
customer relationships. Carreker
provides products and services to
more than 250 clients in the United
States, Canada, the United Kingdom,
Ireland, continental Europe, Australia,
New Zealand, South Africa, South
America, Mexico, and the Caribbean. Clients
include the full range of community,
regional and large banks, among them
more than 75 of the largest 100 banks
in the United States. Headquartered
in Dallas, Texas since 1978, Carreker
Corporation has offices in London
and Sydney. For more information,
visit www.carreker.com. |
|
