Press Release

SunGard Public Sector to Offer Creditrons Cloud-Based Remittance Solution

Monday, July 08, 2013

Rockville, MD

Creditron, Inc., a leading provider of remittance processing and receivables management solutions, announced today that SunGard Public Sector will resell Creditron’s cloud-based remittance and receivables processing solution. SunGard is one of the world’s leading software and technology services companies, serving roughly 25,000 customers in 70 countries.

Today’s announcement extends a long and successful relationship between Creditron and SunGard. Creditron’s ItemAge platform has been SunGard’s preferred remittance processing solution for users of its public sector customer information system (CIS) solutions since 1998. SunGard now will resell Creditron’s advanced Remittance Cloud Processing (RCP) solution to city and county government users of its public sector finance, administration and public works software solutions.

RCP virtually eliminates many of the costs and obstacles of traditional on-premise solutions that have prevented lower-volume billers such as municipalities from automating their remittance processing. With RCP, users pay a nominal upfront fee and a flat, all-inclusive monthly fee that includes a scanner. The cloud solution does not require any per-item charges or annual license fees.

RCP extends the business case for automating remittance processing with advanced capabilities traditionally associated with on-premise solutions. The turnkey solution includes: automated reading of payment transactions, co-mingled processing of all transaction types, MICR data lookup for exceptions processing, and electronic deposits via Check 21.

All images and data are encrypted and securely stored in the Creditron Cloud, eliminating the need for backups. RCP’s cloud architecture also ensures that billers always are using the latest version of the software. And the pre-staged solution can be installed in as little as an hour. Online training and ongoing support via online chat, e-mail, Webex and telephone ensure that users can always get the information and help they need.

“Creditron is pleased to extend is long relationship with SunGard to provide our innovative cloud-based remittance processing solution to users of SunGard’s public sector software solutions,” said Creditron Founder and CEO Wally Vogel. “Traditional approaches to remittance automation are cost prohibitive for users. RCP leverages the cloud to solve this problem.”

Contact:

Gaurav Sharda
Creditron
240-252-5307
gsharda@creditron.com

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