Gresham Launches Clareti Multi-Bank Following Acquisition of B2 Group

LONDON and LUXEMBOURG, September 25, 2018 /PRNewswire/ --

Increased speed-to-market for corporate treasurers seeking more efficient cash management following the full integration of B2 Group's Multi-Bank Integrator into Gresham's Clareti platform

Gresham Technologies plc, the leading software and services company that specialises in providing real-time data integrity and control solutions, announced today the official release of Clareti Multi-Bank. Following the acquisition of cash management and payments integration specialists the B2 Group in July 2018, B2's Multi-Bank Integrator has now been fully integrated into the Clareti platform.

Clareti Multi-Bank enables corporates to automatically connect with their banks for the processing of payments and statements, providing a single point of access and cash management portal.

The enhanced offering now allows customers to benefit from the capabilities of Gresham's Clareti Platform. Out-of-the-box integration to almost any payment message format or in-country clearing system is now enabled by Clareti Adapters. These advanced tools allow customer integration much faster than was previously possible.

Commenting on the enhanced Clareti Multi-Bank offering, Ken Lillie of Lillie Associates Treasury Consulting, noted:

"I have followed the evolution of the Multi-Bank platform from its initial launch in 2016 by the B2 Group to a small community of banks and corporates a few years ago, to the comprehensive cash management and banking integration service that we see today. Faster time-to-market through the inclusion of additional Gresham software, such as Clareti Adapters, undoubtedly adds significant value to corporate treasuries wishing to automate their cash management functions, especially in the case of a multi-national multi-banked company."

Phil Boland, Managing Director Gresham Cash Management Solutions, added:

"The complexities of banking integration, for automated file-based channel banking, often made really quick delivery a challenge for us in the past. The recent inclusion of Clareti's messaging adapters into Clareti Multi-Bank, which I am delighted to say happened smoothly and like clockwork, helps us overcome that challenge to offer our customers a faster more-cost effective service. "

Ian Manocha, CEO, Gresham, commented:

"Enhancing cash management product and service capability is a key focus for Gresham. Our recent acquisition of the B2 Group, and the successful integration of their market-leading Multi-Bank platform with our Clareti solutions, has achieved exactly that. It enables us to add powerful cash management and bank connectivity capabilities to our core financial messaging, reconciliation and transaction control offerings. In addition, with the former B2 team joining our newly formed Cash Management Solutions business, we have a top-flight professional services team available to support our customers."

Gresham continues to enhance its cash and treasury offerings, and by leveraging additional capabilities within the Clareti portfolio, such as automated reconciliation of accounts receivables, the potential value for Clareti Multi-Bank customers will increase. Geographical reach is expected to expand as Gresham's world-wide support network extends Clareti Multi-Bank to clients in North America and Asia Pacific.

About Gresham Technologies plc 

Gresham is a leading software and services company that specialises in providing real-time data integrity and control solutions. Listed on the main market of the London Stock Exchange (GHT.L) and headquartered in the City of London, its customers include some of the world's largest financial institutions, all of whom are served locally from offices located in Europe, North America and Asia Pacific.

About Clareti Multi-Bank 

Clareti Multi-Bank enables corporates to automatically connect with their banks for processing of payments and statements, providing a single point of access and cash management portal. Outgoing payments and incoming statements are processed automatically via secure links with the banks to deliver fast and tangible benefits, including; automation of incoming statements, 'smart' reconciliation of credit and debit payments, real-time enterprise-wide cash visibility, automation of complex business processes such as supply-chain finance, cash pooling and sweeping, and controlled automation of outgoing accounts payable, payroll and treasury payments via a real-time portal. Clareti Multi-Bank fully integrates with many ERP and TMS platforms, to provide true end-to-end processing, with associated cost savings through reduced back-office headcount.

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