SunGard Treasury Systems has announced an agreement with Trintech, a provider of transaction reconciliation and payment infrastructure solutions, to expand an agreement that allows SunGard Treasury Systems to offer Trintech's Bank Fee Analysis system to its corporate customers
Trintech's Bank Fee Analysis solution is designed to help businesses reduce bank fees and standardize fee reporting through automation of the analysis of monthly electronic bank statements. With Bank Fee Analysis, SunGard customers will be able to display and compare fee analysis statements in a consistent format for every bank.
"We are pleased to offer these expanded services to SunGard Treasury Systems' customers," says John Harte, general manager, Trintech's Funds Management Systems division. "The Bank Fee Analysis system has delivered significant benefits and a fast ROI, averaging six months or less, to our customers, and we are pleased that SunGard can now extend these benefits to its customer base."
"Capturing, reporting and analyzing bank service fees is increasingly important for auditability and cost-management," says Ken Dummitt, president, SunGard Treasury Systems. "We are pleased to expand our agreement with Trintech and offer the documentation and error-detection and analysis capabilities of Bank Fee Analysis to our customers," he said.