FXpress Corp.

FXpress Corp., a leading provider of treasury risk management software, has released the first phase of FIRST[TM] Cash Management, a new module of the FIRST[TM] Treasury System, FXpress' fully integrated, Web-based treasury workstation. FIRST[TM] Cash Management was unveiled to the treasury community this fall at three trade shows.

The inaugural phase of FIRST[TM] Cash Management, says the Bala Cynwyd, Pa.-based FXpress, includes integrated functionality to support bank statement management and reporting and operational transaction parsing with integrated cash accounting. This new core functionality provides automated importation and transformation of prior-day and current-day bank statements in multiple formats, including BA12 and SWIFT.

Users can easily assign cash accounting to each operational cash transaction with security-driven transaction and accounting workflow and review capabilities. Other core functionality--including liquidity positioning, in-house bank and cash pooling, and cash flow reconciliation--will be available in the first quarter of 2006.

Other modules of the FIRST Treasury System include Foreign Exchange, Debt & Investment and Commodities. The modules work together as one global application, the company says, "that touches an entire organization with secure access to treasury management tasks around the clock from anywhere in the world."

FIRST allows an entire team to efficiently manage long-term and day-to-day activities, such as accounting compliance (FAS 133/138 and IAS 39), global exposure management, reporting, security and auditing, while central treasury retains firm control over work quality and data security. FXpress offers the installation of the FIRST[TM] Treasury System on either a SAS 70-compliant ASP platform or on a secure intranet platform within an organization's corporate firewall.

Web: www.fxpress.com