ACI Worldwide (Nasdaq: ACIW), a leading international provider of software for enterprise payment systems, today announced that ACI Open Account Manager™ has achieved the SWIFTReady Trade Services Utility (TSU) accreditation.
SWIFT has designed the SWIFTNet Trade Services Utility (TSU) as a collaborative, centralized matching utility that allows banks to extend their existing corporate trade services to meet today’s supply chain challenge. Now trade banks worldwide can go beyond traditional trade and offer potentially new open account based services such as in-sourcing of payables and receivables, trade data checking, and a variety of financing options.
“We are pleased to award the SWIFTReady TSU accreditation to ACI’s Open Account Manager”, said Jackie Keogh, head of global transaction banking and supply chain solutions at SWIFT. “The SWIFTReady TSU label certifies that ACI provides an end-to-end solution for banks to interact efficiently with the TSU.”
“ACI is dedicated to providing customers with robust trade solutions of the highest quality, technology and functionality,” said Ron Totaro, senior vice president at ACI. “Obtaining the SWIFTReady TSU certification underscores our dedication to customers and validates our commitment to state-of-the-art products and technologies.”
ACI Open Account Manager is a J2EE SOA trade solution based on the TSU standardization that offers open account services including online purchase order (PO) processing with invoice matching, and a full range of financing options for both buyer and seller including AP/AR portfolio management. Banks can use ACI Open Account Manager’s TSU functionality to fill the need of translating corporate information into SWIFTNet TSU messages.
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