Selkirk Gives Small and Mid-sized Organizations Affordable Access to Treasury Management Solutions with New Web-based Service
Selkirk Gives Small and Mid-sized Organizations Affordable Access to Treasury Management Solutions with New Web-based Service
(PRWEB) February 16, 2002
February 13, 2002, Vancouver – Selkirk Financial Technologies Inc. today announced an early access release of its new Web-based offering, Treasury Anywhere™. Developed exclusively for delivery over the Internet and sold on a monthly subscription basis, Treasury Anywhere, is a cost-effective, highly secure service designed to meet the unique treasury needs of small and mid-sized organizations. Service launch is in Q2 2002.
“Liquidity management and cash forecasting are Board of Directors’ issues, regardless of an organization’s size, industry or complexity,” said Selkirk’s chief operating officer, Lyndon J. Harvey. “Fortune 2000 organizations have realized time and cost savings from best-of-breed treasury workstations for more than a decade, but there was nothing comparable on the market for small and mid-sized organizations -- until now.”
Successful organizations recognize that treasury functions are critical to financial health. However, according to a recent study conducted by independent market research firm Schmidt Consulting Services, based in Pittsburgh, Pennsylvania, most small and mid-sized organizations still rely on spreadsheets for managing liquidity and forecasting cash flow, a practice many recognize as unreliable and resource-intensive. According to the Schmidt research, many companies feel their current cash forecasting methods are inaccurate, unreliable and in need of automation.
“With Treasury Anywhere,” said Harvey, “organizations with limited resources and capital finally have access to a robust treasury solution that will help them optimize their financial performance, while increasing efficiency and mitigating risk.”
The new service leverages the proven business logic of Selkirk’s large corporate treasury management solution, Treasury Managerâ. Incorporating the expertise garnered from working with over 150 Fortune 2000 organizations, Treasury Anywhere delivers proven functionality and best practices to small and mid-sized organizations with the convenience of a Web-based service.
With Treasury Anywhere, organizations can now automate workflow to reduce record-keeping and data-entry tasks; integrate bank balances and transactions from multiple financial institutions; and consolidate financial activity into one secure system. Most importantly, the service provides access to a complete and accurate picture of an organizationÂ’s daily cash position and forecast, 24/7.
more - "Our delivery of Treasury Anywhere reinforces our commitment to providing customer-focused solutions and services to the financial community,” said James W. Suttie, Selkirk’s president and chief executive officer. “We’re extremely excited about our new Treasury Anywhere service and the superior returns it will offer our clients and stakeholders.”
About Selkirk Financial Technologies Inc.
Selkirk Financial Technologies Inc. is a leading provider of world-class treasury management systems and services. For over a decade, Selkirk has helped organizations optimize their financial performance. Today, more than 750 treasury professionals from prestigious clients–including Hitachi, TDK USA, Lexmark and MasterCard–rely on Selkirk’s sophisticated treasury solutions for managing liquidity, forecasting cash flow, consolidating bank information and mitigating risk. Since the release of its first treasury system, Selkirk has experienced tremendous growth and was awarded the Deloitte & Touche Technology Fast 500, a ranking of the 500 fastest growing companies in North America. Selkirk is also a recipient of the Fast 50 and Profit 100 awards. For more information, visit www. SelkirkFinancial. com.
About Schmidt Consulting Services
Schmidt Consulting Services is a full-service market research and consulting firm serving clients in business-to-business markets. SchmidtÂ’s core competencies are in the areas of business development, customer relationship assessment, strategic planning and competitive analysis. Schmidt has led clients to increased sales through new product launches, segmentation analyses, and competitive strategies. Specialties include financial services, technology and e-commerce markets. Please contact Schmidt Consulting Services at (412) 367-1226 or via e-mail at mail@schmidtcs. com. Additional information is available on the companyÂ’s web site at www. schmidtcs. com.
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