Crédit Agricole Cards & Payments reconciles and sweeps Nostri accounts from its customers using Sterci’s GTMatch solution

Paris - 4 September 2012

Sterci France, the French subsidiary of the international leader in financial messaging, today announced that Crédit Agricole Cards & Payments, Crédit Agricole’s platform for message flow and payments, is live since November 2011 with GTMatch for the reconciliation and cash sweeping of Nostri Accounts for Credit Agricole S.A.

The solution employed comprises both the replacement of the reconciliation tool for NOSTRI accounts, along with the optimisation of the cash sweeping function for foreign currency NOSTRI accounts.

Stéphane Mazars, Chief Information Officer of Crédit Agricole Cards & Payments, affirms: "In May 2010 we issued an international request for proposal for a solution to replace our reconciliation tool which was approaching support termination. Having examined the available products on the market, we selected Sterci who proposed a solution which answered our reconciliation requirements and our cash sweeping requirements without the need for any additional development. We are more than satisfied as the solution meets the users’ expectations and additionally Sterci fulfilled its commitments regarding cost and delivery deadlines. The solution implemented is coherent and rich in functionality which will facilitate Crédit Agricole Cards & Payments in further developing its payment oriented services".

Armel-David Wolff, GTMatch Product Manager comments: "We implemented this project with a strong partnership focus where both the project team and the users were highly motivated. The Crédit Agricole Cards & Payments project provided us with the opportunity to implement our Web user interface on a large scale while improving our cash flow management functionality".

Philippe Modai, Managing Director of Sterci France adds : "Crédit Agricole Cards & Payment ’s choice and implementation of GTMatch for reconciliation, coupled with GTFrame for the adaptation of data flows, highlights once again the strength of Sterci solutions in terms of robustness, evolution and performance".

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