UPCOMING EVENTS
Cellular South Moves to Chesapeake System Solutions’ T-Recs Enterprise
07/20/2010
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Comprehensive, Financial Control Framework Solution Automates Account Reconciliation for Nation's Largest Private Wireless Provider
Owings Mills, Md. -- July 20, 2010 -- Chesapeake System Solutions, Inc.® (www.chessys.com), a provider of integrated financial governance, risk management and compliance software solutions to the world’s foremost enterprises, announced today that Cellular South, the nation’s largest privately held wireless provider, has automated account reconciliation functions with its T-Recs® Enterprise system. T-Recs is a comprehensive, process-driven solution capable of reconciling every account in an enterprise’s General Ledger. In addition, Cellular South is using the Chesapeake IDM™ (Internet Data Manager) solution to retrieve third-party financial data automatically over the Internet, streamlining data collection of bank and credit card data. Cellular South, which operates three call centers in its footprint and more than 85 retail locations, automated its depository, lock box, credit card and gift card accounts on T-Recs Enterprise.
T-Recs Enterprise transforms the reconciliation process, delivering the advanced functionality and processing power required to prevent fraud, manage risk and automate reconciliation. T-Recs Enterprise offers not only the flexibility to incorporate customer-defined data characteristics and business processes, but also the scalability needed to accommodate increasing transaction volume as a business grows.
Ben Pace, Chief Financial Officer of Cellular South, says, “The transition to T-Recs Enterprise and Chesapeake’s IDM was smooth and efficient. Within two months’ time, Cellular South was in production with T-Recs Enterprise. Thus far, we’ve been pleased by the increased speed, efficiency and accuracy that automated account reconciliation has brought to our financial operations.”
Sheila Anderson, Senior Financial Consultant, Chesapeake, says, “Reconciliation is a critical internal control for all organizations. Whether the challenge is certifying General Ledger balances and transactions, or assuring that credit card/deposit transactions are accurately posted, T-Recs Enterprise possesses all the functionality required in one enterprise-wide system. T-Recs Enterprise provides the framework to support all of an organization’s internal control and compliance requirements, while providing the financial transparency organizations need to assure financial statements are accurate.”
Chesapeake System Solutions’ T-Recs Enterprise is available as a licensed software offering, a hosted solution, a Software-as-a-Service (SaaS) solution and an outsourced service. The firm’s other financial governance, risk management and compliance software solutions—SmartAnalysis®, SmartTreasury® and Unclaimed Property Compliance System (UPCS®)—also are offered in licensed, hosted, SaaS and outsourced versions. All Chesapeake products are backed by an outstanding customer support team and application-unique training courses designed for every experience level.
About Cellular South
Cellular South is a privately owned diversified mobile communications company passionately committed to helping customers get the most out of their wireless devices and services. The nation's largest privately owned wireless carrier accomplishes this goal by providing the most reliable and advanced 3G nationwide voice and data network, offering industry-leading family and unlimited flat rate voice, text and mobile web plans and through its online and in-store Discover Centers, which give customers easy, simple and convenient tools, tips, advice and information to get the most out of their mobile phone. For more information, visit www.cellularsouth.com.
About Chesapeake System Solutions, Inc.
Chesapeake System Solutions is an industry leader in providing integrated software solutions that simplify the complexities of financial and treasury management operations. Headquartered in Owings Mills, Maryland, Chesapeake provides integrated financial governance, risk and compliance solutions to the world’s foremost enterprises. Chesapeake’s integrated suite of software solutions brings visibility and control to the processes of balance sheet reconciliation, risk management and compliance, while intuitive design features simplify financial data reporting, workflow management, financial oversight and close. Since 1993, Chesapeake’s applications have helped national and international organizations of every size improve productivity, lower costs and document compliance with Sarbanes-Oxley, PCI Standards and other regulations. For more information about Chesapeake and its solutions, please visit www.chessys.com or call 410-356-6805.
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