Release of CTC ARM V2.0

RNS Number : 0352J

Gresham Computing PLC

15 December 2015

 

RNS Reach

15 December 2015

Gresham Computing plc

Gresham's Innovation Labs release enhanced offering for global transaction banks

Gresham Computing plc (LSE: "GHT", "Gresham" or the "Group"), the leading software and services company that specialises in providing real-time financial transaction control and enterprise data integrity software, today confirmed that it has released a major new version of its CTC Accounts Receivable Management (ARM) application.

In line with the previously announced strategy to launch a suite of packaged business applications, CTC ARM 2.0 is now available to the global transaction banking market.

Gresham's CTC ARM application automates matching and allocations in the order-to-cash cycle, which is often slow, manual and prone to error. With CTC ARM, matching is performed quickly and accurately, and working capital can be released in good time.

The application is based on Gresham's award-winning CTC multi-tenanted platform with white-labelling flexibility and enhanced cash and information management functionality. This enables banks to offer innovative products to their corporate customers via the banks' own secure private cloud. Existing adopters of the ARM technology are seeing positive take up from their corporate clients, which in turn drives annuity growth for the Group.

A copy of the press release is available at http://www.gresham-computing.com.

Ian Manocha, CEO, commented:

"At a time when traditional transaction services are facing severe competition, banks need to differentiate to win, retain and grow corporate accounts and drive net interest income. Our white-label platform enables banks to deliver enhanced cash management and analytic based products extremely rapidly at far lower cost than building in-house."

Enquiries:

Gresham Computing plc

Ian Manocha                                                                                        [phone]

Rob Grubb

N+1 Singer (Broker)

Shaun Dobson                                                                                    [phone]

Lauren Kettle

Note to editors

Gresham's award-winning software platform Clareti Transaction Control (CTC) has been designed to provide financial institutions with complete certainty in their data processing. CTC combines best-in-class performance with future-proofed technology, providing real-time data management based on business-driven controls.  CTC is a highly flexible and fully scalable platform for assuring enterprise data integrity and is designed to address today's most challenging financial control, internal risk management and regulatory compliance problems.

Gresham Computing plc is a leading software and services company that specialises in providing real-time financial transaction control and enterprise data integrity solutions, and is listed on the main market of the London Stock Exchange (GHT.L). With over 30 years' experience and headquartered in the City of London, customers include some of the world's largest financial institutions, all of whom are served locally from offices located in Europe, North America and Asia Pacific.

 

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