JERSEY CITY, N.J., March 31, 2011 (GLOBE NEWSWIRE) -- Fundtech Ltd. (Nasdaq:FNDT), a market leader in global transaction banking solutions, announced that it has received two awards in Aite Group's cash management vendor analysis entitled " U.S. Cash Management Vendors: The Road to Meeting New Market Expectations." Fundtech is the only vendor to receive two awards.
One of three Innovation Awards was given to Fundtech for its new SmartNav™ enhancement to CASHplus®, the company's cash management system. SmartNav redefines personalization and productivity in cash management by anticipating user preferences and understanding their workflow offering access to any data, any service from anywhere within CASHplus.
According to Christine Barry, Research Director at Aite Group and author of the study, "User experience is one of the most important aspects of any cash management system because it determines the user's level of productivity and satisfaction. Fundtech's SmartNav wins the Innovation Award because it places this vendor one step ahead of its competitors from a usability standpoint; it enhances not only solution usability within the customer dashboard (the focus of most of the other vendors), but throughout the entire CASHplus solution."
The report also recognized Fundtech as "The Vendor to Watch in 2011." Ms. Barry said: "This award is given to Fundtech as a result of the significant enhancements made to its CASHplus solution for its latest release."
Ed Gainer, Senior Vice President of US Cash Management for Fundtech, said: "We are delighted that the Aite Group report recognized our innovation in user experience for cash management. Our in-depth study of cash management users identified a myriad of improvements that has resulted in a better user experience that increases productivity and satisfaction."
About CASHplus SmartNav
The SmartNav panel offers users a personalized list of shortcuts and services, making it easy to save time and be more productive. The system even learns each person's workflow habits and preferences. SmartNav makes it possible to have one-click access to any data and any service from anywhere in CASHplus.
Favorites: Users can develop their personalized list of favorites from any screen throughout CASHplus. Data entry screens, reports, and templates can be added. CASHplus automatically adds to Favorites the most often used and the five most recently used services.
Actions List: A list of context-sensitive related tasks are always available in the SmartNav panel, offering a convenient and time-saving way to get the job done. Each user has the option to add their own list of actions for even greater personalization.
Fundtech (Nasdaq:FNDT), was founded in 1993, and is a leading provider of software and services to banks of all sizes around the world. Payments systems include wire transfers, ACH origination, cross-border payments and remittance. Cash management systems are designed for large corporate through small business clients. Fundtech operates the world's largest SWIFT service bureau. We offer an extensive line of financial supply chain applications including electronic invoice presentment and supply chain financing. And we are the leading provider of CLS systems to the world's largest banks. More than 1,000 clients throughout the world rely on Fundtech solutions to improve operational efficiency and provide greater competitiveness through innovative business-to-business services. For more information, visit www.fundtech.com.
Forward Looking Statements:
This news release contains forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may include, but are not limited to, projections of revenues, income or loss, capital expenditures, plans for growth and future operations, competition and regulation. Forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted or quantified. When used in this Release, the words, "estimates," "expects," "anticipates," "believes," "plans," "intends," and variations of such words and similar expressions are intended to identify forward-looking statements that involve risks and uncertainties. Future events and actual results could differ materially from those set forth in, contemplated by or underlying the forward-looking statements. The factors that could cause actual results to differ materially from those discussed or identified from time to time in Fundtech's public filings, including its Annual Report on Form 20-F for the year ended December 31, 2009, including general economic and market conditions, changes in regulations and taxes and changes in competition in pricing environment. Undue reliance should not be placed on these forward-looking statements, which are applicable only as of the date hereof. Fundtech undertakes no obligation to revise or update these forward-looking statements to reflect events or circumstances that arise after the date of this Release or to reflect the occurrence of unanticipated events.
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