SAN MATEO, Calif., Nov. 28, 2006 (PRIME NEWSWIRE) -- Aceva Technologies, a leading provider of enterprise cash flow performance management software, today announced that it has been named the most innovative cash forecasting solution by Financial-i Magazine. Designed to recognize the organizations shaping the delivery of business solutions in finance, winners were selected by leading analyst firms, consultants and editors at Financial-i.
"With an increasing emphasis on ROI and shareholder value, IT decision makers are seeking business solutions that are: cost effective, help solve common business problems, are quick to implement, enhance overall efficiency and effectiveness and ultimately, transform the financial value chain," said Anita Hawser, managing editor of Financial-i. "Aceva has demonstrated an ongoing commitment to product innovation and is recognized by leading companies and analyst firms alike as a leader in cash flow management and forecasting."
The selection process was based on product innovation over the last 12 to 18 months, cost effectiveness of solutions in terms of implementation and deployment, potential business benefits, ease of implementation and the ability to tackle specific business issues or problems.
"Working closely with our forward-thinking customers has been the key to our success in developing industry-leading technologies," said Sanjay Srivastava, chief operating officer of Aceva. "We are pleased to be recognized by Financial-i for delivering innovative solutions that allow our customers to unlock maximum value across the enterprise."
About Financial-i
Financial-i focuses on how technology is being leveraged to provide business solutions in wholesale transaction banking. Solutions that solve common business issues around the execution, delivery, clearing and settlement of transactions in the wholesale banking space, enhance the provision of value added services to customers, increase the speed of delivery of information, mitigate risk and maintain competitiveness. Financial-i editorial covers Treasury & FX; Securities Services; Network Services; Data and Risk Management; and Market Infrastructure. More information can be found at www.financial-i.com.
About Aceva
Aceva Technologies is a leading provider of software solutions for enterprise cash flow performance management. Aceva's solutions directly address quote-to-cash process breakdowns, quality issues, and automation requirements by delivering global financial visibility, continuous business policy monitoring, comprehensive process automation and workflow, as well as robust reporting and analytics. As a result, customers are able to optimize financial performance and working capital, improve operational excellence and customer satisfaction, and comply with internal controls and regulatory requirements. Headquartered in San Mateo, California, Aceva's customers include Avaya, BP, Chiquita, Honeywell, Network Appliance, and Sprint. For more details, visit www.aceva.com, send email to info@aceva.com or telephone (650) 227-5500.
Aceva is a trademark of Aceva Technologies, Inc. All other trademarks and company names mentioned are the property of their respective owners.