Fundtech, a global transaction banking solutions company, has integrated Accountis into a new operating unit with other Fundtech subsidiaries focused on financial supply chain (FSC) products and services, and has changed its name to Fundtech
Fundtech acquired Accountis in February 2008 to extend its financial supply chain product line. The change will consolidate Accountis products and personnel into an operating unit that will offer integration of the company’s FSC solutions including corporate cash and liquidity management, electronic invoice (e-invoice) presentment and trade services. Accountis EIP is the new name for Fundtech’s e-invoicing presentment products and services for corporates and financial institutions.
According to Gil Gadot, managing director of Fundtech’s FSC services business unit: “By bringing together all of Fundtech’s financial supply chain solutions into a single business unit we are able to offer the market the broadest line of seamlessly integrated products and services. This emerging field will become increasingly important as banks and corporations seek new ways to improve operating efficiencies related to cash flow operations and improve liquidity management.”
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