Baxter Credit Union Selects SunGard's BancWare for Budgeting and Planning and for Data Integration and Management

NEW YORK, June 13, 2005– SunGard (NYSE:SDS) today announced that Baxter Credit Union (BCU), based in Illinois, has selected BancWare for distributed budgeting, forecasting and management reporting. BancWare will help to improve productivity for BCU by shortening the planning cycle and offering real-time consolidations and production reporting. By performing automated data aggregation, cleansing and validation, BancWare will help BCU to reduce the operational risks associated with manual data intervention and to increase operating efficiency.

Budgeting and planning is notoriously a lengthy process at financial institutions, largely due to the amount of time required to consolidate data across an environment typically based on multiple spreadsheets. Accuracy and consistency are also compromised by multiple re-keying efforts. BCU selected BancWare’s web-based budgeting and planning solution to help automate the budgeting and planning cycle, including the integration of data, enabling real-time updates and a closed-loop for improved decision making. BancWare will replace a spreadsheet-based environment at BCU, providing increased automation, integration and accuracy.

Todd Gustafson, chief financial officer at BCU, said, "BancWare was able to meet our specific payroll planning and balance sheet requirements. It provides web-enabled planning that allows for posting in real-time to a central server, with broad access and distribution options. We also liked BancWare’s ability to help shorten the planning cycle and enable rolling forecasts. In addition, a process control feature that provides increased accountability makes it easier to keep the process moving along. BancWare further met our need for improved operating efficiency by providing a data integration tool to ensure the consistency and integrity of all planning assumptions."

Terence Faherty, president of SunGard’s BancWare business unit, said, "We aim to help our customers run their businesses more efficiently by shortening processing times, integrating functions and streamlining the organization. BancWare Budgeting and Planning offers real-time results for payroll planning and capital budgeting, with wide internal distribution that reduces time consuming back and forth comparisons."

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