CheckFree Corporation (Nasdaq: CKFR) today announced the availability of Accurate NXGTM software version 2.11, the latest release of its leading reconciliation and exception management solution.
Designed to accelerate deployments in large, complex enterprise environments, Accurate NXG version 2.11 provides a new thin-client interface, implements best-practice security measures and administrative profiling, and delivers improved operational controls to support regulatory requirements. The thin-client reconciliation functionality in the latest release enables financial institutions and corporates to increase transaction transparency and comply with increasingly complex regulatory requirements by submitting a summary of the reconciliation for sign-off by a senior manager and maintaining a clear audit trail of each step in the reconciliation process.
Version 2.11 of the solution provides thin-client reconciliation functionality, enabling organisations to reduce the cost of deployment by eliminating time-consuming installations at each workstation.
"With heightened merger and acquisition activity, consolidation in the marketplace and pressures to comply with increasingly complex regulatory measures, our clients need more sophisticated reconciliation and exception management capabilities," said Esther Pigg, vice president of global product management at CheckFree Software. "Based on years of experience in serving a global client base, CheckFree understands these challenges and has developed the Accurate NXG solution to support large organisations with complex requirements and growing transaction volumes, while helping our clients achieve regulatory compliance."
The latest version of Accurate NXG includes a new profile manager that enables organisations to authorise the functions and data entities each administrator will manage. The profile manager helps organisations tighten administrative controls on Accurate NXG to support the segregation of duties recommendations of Sarbanes-Oxley in the United States, along with comparable regulations in the U.K. and Europe.
Version 2.11 of the solution incorporates the highest industry standards in password administration and provides tighter controls on access to the Accurate NXG database. Accurate NXG utilises Oracle and SQL Server databases and supports a variety of operating systems, including Windows Server, Solaris, AIX and Linux.