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P&H Small Business Features Popular With Financial Institutions.

Business Editors

NEWTON, Mass.--(BUSINESS WIRE)--May 28, 2003

P&H, the leader in web-based business banking systems, announced strong sales for small business modules in its industry-leading Web Cash Manager Suite. Sales for Real-time Reporting, QuickBooks Export, Automated Enrollments, and Funds Authorization in particular were cited.

"The 100 financial institutions we currently serve are focused on developing fee income with products and services for small businesses markets," says Kim Box, Senior Product Manager at P&H. "P&H small business modules like Funds Authorization for pre-funding ACH transactions and QuickBooks Export provide key features for penetrating this market."

The P&H Small Business Product includes:

Reporting with Quicken(R) and QuickBooks(R) Export

Customers can easily retrieve account summary and account detail information on-line. This information can be downloaded to their accounting or reconciliation product using the export modules. In particular, Quicken and QuickBooks Export modules let customers download statement reports in QFX and QBO format for fast and easy desktop reconciliation. Both modules use Intuit's new Web Connect Service, which eliminates the expense and complexity of an in-house OFX server. P&H is currently the only vendor offering QuickBooks Export through Web Connect. As optional services, financial institutions can offer both check image retrieval and stop payment origination.

Small Business Payments

Financial Institutions can grant small business clients access to Payroll, Federal Taxes, State Taxes, and Child Support Payments. As their needs grow, you can select from among 120 payment templates such as direct debits, vendor payments, and cash concentration.

Funds Authorization (Pre-funding)

The Funds Authorization module removes the credit risk associated with offering ACH payments to small businesses by verifying funds required to cover transactions in real-time when a customer releases them. "Funds Authorization completely removes the need for expensive and slow credit qualification services," says Box. "This streamlines the sign-up process and allows the financial institution to take on more small business customers with less risk."

Automated Enrollments

The Automated Enrollments module further streamlines the signup process for customers by letting them sign up for services by themselves on the web. Customers are automatically added to the system and can log in and use the system without contacting customer support.

The Freedom to Design Your Own Small Business System

The Web Cash Manager Suite is comprised of over 50 modules within 10 different cash management products. Its unique, modular design lets financial institutions choose between over 200 different configurable items to serve the needs of a wide variety of small, medium, and large businesses. Many items (such as reports), can be created independently by financial institutions in response to customer needs using unique P&H-provided customization tools and wizards. "Unlike competing systems, Web Cash Manager doesn't confine financial institutions to a specific set of features for small business," says Box. "One of the strengths of our system is that is allows financial institutions to incrementally add functionality for incremental fees." Because Web Cash Manager is a single scalable system, financial institutions can choose from the full breadth of our 50 modules when they design their small business system."

About Politzer & Haney

Politzer & Haney, the only cash management vendor with 20 years of experience, was one of the first in the market to develop a Web-based cash management product. P&H offers packages for small businesses all the way up to large corporate customers from a single product and platform. As an individual business's needs grow, functionality is added without the need to convert the customer to another system.

The P&H Suite is currently in production with over 100 customers, ranging from the largest financial institutions, including M&I, AmSouth, Bank One, Citibank, J.P. Morgan Chase, Merrill Lynch, and Wells Fargo, as well as a large number smaller regional financial institutions. In-house and Outsource implementations are available.

Politzer & Haney is headquartered in Newton, Massachusetts, with offices in nine other states. Additional information can be found at, or by calling 617-796-7700.

Politzer & Haney, P&H Web Cash Manager Suite and CorPoint are trademarks of Politzer & Haney, Inc.

Industry analyst Celent Communications named Politzer & Haney the number one vendor for mid- to top-tier financial institutions in their recent report, "Ranking the US Vendors of Cash Management Solutions: 2002 Update."
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Publication:Business Wire
Date:May 28, 2003
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