2005: A Banner Year for P&H Solutions; Business Banking Solutions Firm Sees Significant Gains in Revenues, Profits, and New Business.NEWTON, Mass. -- P&H Solutions, Inc., the leader in providing business banking solutions to financial institutions throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. for over 23 years, today announced that in 2005 P&H delivered record setting financial performance with significant gains in revenues, profits, and new business. "2005 was an outstanding year for P&H on a number of fronts," said Ralph Dangelmaier, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of P&H Solutions. "First, our business grew faster than any of our major competitors: sequential growth from Q3 to Q4 was at an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. rate of 48%, year over year profits grew by 50%, and new business was up 100% over 2004. Secondly, our investments in Web Cash Manager and in expanding our ASP solution have generated strong financial returns. Driving momentum in 2005 and into 2006 is the market acceptance of our Enterprise Business Banking Product (EBBP EBBP Euro-Blogging by Post EBBP Ebxml Business Process ) strategy. To date, thirteen institutions have contracted for EBBP delivery, and many more are expected this year. New business signings, which were strong in 2005, have accelerated further in the first quarter of 2006." During 2005, the company also made significant investments in personnel, adding many professionals to the staff, bringing the total to over 250. The company's installed base of financial institutions now numbers over 150 commercial banks, over 1000 credit unions, and a number of brokerage houses. And last fall, P&H was selected as a FinTech 100 company, an annual ranking of vendors to the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry. About Web Cash Manager Suite - P&H's Enterprise Business Banking Product The P&H Solutions Web Cash Manager Suite is the industry-leading web-based business banking system, and can be deployed through an in-house environment or by using the P&H Solutions Outsource Solution Center. It allows financial institutions of all sizes to uniquely package products and services for different markets, or even individual customers, from a single flexible platform. Financial institutions can choose from over 90 different modules designed for the Small Office/Home Office See SOHO. (SOHO Soho (sōhō`, sə–), district of Westminster, London, England, known for its continental restaurants. Once a fashionable quarter, it became popular among writers and artists in the 19th cent. ) client up through the largest corporate client. The P&H Solutions' Enterprise Business Banking Product also provides an infrastructure for integrating other products and services offered by financial institutions. About P&H Solutions Since its founding in 1983, P&H Solutions, a FinTech 100 company, has continually focused on the needs of financial institutions and their customers, with a strong commitment to helping financial institutions meet their strategic business banking objectives by delivering the most robust application suite in the industry. With over 150 financial institutions in production with its Web Cash Manager Suite, P&H Solutions is the market leader in adding demonstrative LEGACY, DEMONSTRATIVE. A demonstrative legacy is a bequest of a certain sum of money; intended for the legatee at all events, with a fund particularly referred to for its payment; so that if the estate be not the testator's property at his death, the legacy will not fail: but be payable value to the business banking relationship. Leading industry analyst firms have consistently ranked P&H Solutions as the number one cash management vendor and among the top providers of small business banking solutions. P&H Solutions' customers include AmSouth, Bank of Hawaii Bank of Hawaii, a subsidiary of Bank of Hawaii Corporation (NYSE: BOH), is a regional commercial bank headquartered in Honolulu, Hawaii. It is Hawaii's second oldest bank and its largest locally owned bank in that majority of the voting stockholders reside within the state. , Citibank, City National Bank, JPMorgan Chase, Merrill Lynch, Old National, PNC PNC Purdue University North Central (Westville, Indiana) PnC Point 'n Click PNC Police National Computer PNC People's National Congress (Guyana) PNC People's National Congress , Sovereign Bank, TD Banknorth, and Wells Fargo, as well as hundreds of credit unions, community banks, savings banks, and regional financial institutions. P&H Solutions is headquartered in Newton, Massachusetts, with offices throughout the United States. Additional information can be found at www.ph.com or by calling 617-796-7700. P&H Solutions and Web Cash Manager Suite are trademarks of P&H Solutions, Inc. |
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