15 March 2011: Albany Software, a pioneering developer of electronic payment solutions, has today announced a strategic partnership with UNIT4 Business Software Ltd, the UK division of UNIT4, the world’s leading provider of business software for fast changing organisations, to provide Agresso Business World (ABW) users with the secure and accredited web-based bank account validation tool; Albany eVERIFY.
eVERIFY will be integrated directly into the Agresso solution and offered to UNIT4 customers as an online service. The solution will automatically check and validate supplier bank account details as they are entered into the Agresso system to avoid payment errors and unnecessary administration. The system will instantly alert users to incorrect bank account details at point of entry rather than the problem being found later when a payment cannot be made.
Anwen Robinson, Managing Director at UNIT4 Business Software, comments, “eVERIFY works seamlessly in the background providing customers with yet another best-of-class solution to streamline processes and improve operational efficiency. Many of our customers deal with thousands of payments to different bank accounts at any one time and this solution will ensure the process is as quick and accurate as possible.”
Adrian Stafford-Jones, Managing Director at Albany Software, explains, “Comprehensive data validation is imperative in order to achieve quick and successful payments and to reduce costs associated with payment failures. eVERIFY performs fast and accurate validation at the touch of a button, significantly reducing error rates, meaning fewer bank charges and faster completion of funds transfers.”
eVERIFY has the flexibility to be accessed via a range of different applications and integrated within financial, accounting, ERP and CRM databases. Albany Software provides its resellers and customers with the choice of installed desktop or server software, as an Application Programmers Interface (API) from a number of third party applications or via a web-based online solution.
UNIT4 will also be reselling Albany Software’s full suite of on-premise and online products that offer complete management of funds and Bacs transfers for organisations of all sizes across both public and private sectors. The company also plans to extend the use of eVERIFY to its best-of-class financial management software, Coda Financials.
Stafford-Jones, concludes: “UNIT4 understands the problems that many organisations suffer with when dealing with incorrect financial data, which can have a negative effect on cash flow. By validating bank details at the point of entry, organisations can save both time and money.”
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About UNIT4
UNIT4 is a global business software and services company aimed at helping dynamic public sector, and commercial services organisations to embrace change simply, quickly and cost effectively in a market sector it calls 'Businesses Living IN Change' (BLINC)™. The Group incorporates a number of the world’s leading change embracing software brands including Agresso Business World, our flagship ERP suite for mid-sized services intensive organisations and Coda, our best-of-class financial management software.
In the UK we focus strongly on the public sector, where we are the leading provider of ERP systems to local government and post 16 education organisations, as well as having a considerable presence in the emergency services and health sectors. We also focus strongly on professional services organisations and a range of commercial sectors including Financial Services, Retail and Media and Publishing. Overall we aim to be the UK’s foremost business software company, providing solutions that transform the delivery of public services and comprehensively support commercial organisations in their ability to adapt and prosper in rapidly changing environments.
With operations in 17 European countries, as well as 7 countries across North America, Asia Pacific and Africa and sales activities in several other countries, its revenue was €421.7 million in 2010. UNIT4 is headquartered in Sliedrecht, the Netherlands and has over 4,000 employees. It is listed on Euronext Amsterdam and is included in the Amsterdam Midcap Index (AMX). For more information on UNIT4 or any of its operating companies, please visit the website at www.unit4.com
