JP Morgan Treasury Services is rolling out Virtual Remit, a solution that lets customers scan payments from their desktop and transmit them to be combined with other lockbox items, speeding the collections process. According to the company, the Virtual Remit scanning device can handle not only checks and coupons, but also full-size documents, and the items scanned feed into JP Morgan's Receivables Edge solution and will be processed the same day.
Wall Street Systems wants to increase your connectivity quotient. The treasury software provider says it is launching a Treasury on the Move interface that will let finance executives access their treasury management systems via mobile devices like BlackBerrys. Executives that use Wallstreet Suite can employ the interface to initiate, authorize and release payments and verify investments, FX transactions and intercompany loans, according to Wall Street Systems.
GTreasury, formerly known as Gateway Systems, has released the latest version of its Treasury Workstation. The Lake Zurich, Ill.-based company says version 10.12 of the workstation includes upgrades to the worksheets, bank relationship manager, document management, debt and investments; global ID verification, systems bank tables, SWIFT connectivity, and foreign exchange exposure and risk management modules.
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Thomson Reuters says the latest version of its tax reporting software, OneSource TaxStream Provision, has been enhanced to help companies cope with complex global sources of tax data, as well as the transition to international financial reporting standards and to International Accounting Standard 12, which deals with income tax. According to Thomson Reuters, version 6.0 of OneSource includes a new active workpapers module that integrates calculations like depreciation and scheduling of losses from work papers directly into the system. It also tracks uncertain tax positions, as required by the draft of IAS 12, collects tax data in real time from global subsidiaries, and provides better foreign exchange currency translation adjustments.
Financial software provider Trintech Group says it has released AssureNET GL 5.0, the latest version of its balance sheet reconciliation software. According to Dublin-based Trintech, the enhancements to the latest version of the software include configurable automated machine processors, an interactive dashboard and flexible reporting features.
Citi Treasury and Trade Solutions says it has begun migrating all Asia Pacific customers to electronic statements, which it will send either via secure email or CitiDirect Online Banking. The shift will be complete by the end of November, Citi says, noting that in 2008, it issued 24 million statements to Asia Pacific customers. The bank says the change will afford clients enhanced security and also reduce the effort involved in manually reconciling paper statements.
OpenPages, a Waltham, Mass.-based provider of integrated risk management solutions, says it has integrated its OpenPages platform with Network Frontiers' Unified Compliance Framework, a comprehensive and up-to-date compendium of international regulations, standards and best practices related to IT controls. OpenPages says access to the framework will help its customers comply with IT risk and compliance mandates.
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