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Charterhouse signs for allFAC

Surecomp, a leading provider of receivables management and trade finance solutions for the global financial services community, announced today that UK-based Charterhouse Commercial Finance Plc has, following an extensive evaluation licensed the ASP version of allFAC, Surecomp’s Java J2EE receivables management solution.

Charterhouse Commercial Finance, a leading member of the highly-respected Charterhouse Group International, plan to exploit the power, flexibility and total versatility of allFAC to offer maximum service values to their customers while competing effectively in an ever-demanding market.

The ASP (Application Service Provider) version of allFAC includes all the external software and hardware services required to run a business application, without custom code being installed on the company's computer systems.

A global concern employing in excess of 300 staff with operations in the UK, Isle of Man, Jersey, Australia, Dubai and South Africa, Charterhouse Group International prides itself on a cautious and conservative approach to business, the fruits of which are reflected in its growing market-leading position as a provider of remuneration solutions to the recruitment and related industry.

Established in 2004, Charterhouse Commercial Finance offers an extensive range of automated business processes and financing options designed to strengthen business operating efficiencies and improve cash flow, enabling customers to focus on the key tasks of business development, sales and management.

“We are excited at the prospect of working with Surecomp on the allFAC ASP project. Their knowledgeable staff, project management expertise and past experience working with financial institutions will prove invaluable. Just as we value the relationship we have with our customers, so we also place value and trust in our vendor partners” said Nigel Simkins, Operations Director, Charterhouse Commercial Finance.

“The Group’s long-term strategy of inward investment, particularly in IT, research and development and in our staff, results in us being able to meet the demands for professional, technically competent, high quality and service-driven products in markets, where many providers are known for their short term existence” concluded Nigel Simkins.

Commenting on the selection of allFAC, Lee Kingshott, Surecomp General Manager, receivables management said, “Charterhouse is the third financial organization to license allFAC this year. We see the selection of allFAC by Charterhouse as a further endorsement towards the establishment of allFAC as the solution of choice in this market, and the capabilities and strengths of Surecomp’s product design, development and management.”