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P&H is First of Leading Cash Management Vendors to use Intuit's Flexible Web Connect Service For QuickBooks Download to their Customers.

Business Editors/High-Tech Writers

NEWTON, Mass.--(BUSINESS WIRE)--April 25, 2003

P&H and Intuit Inc. have extended their existing relationship to integrate a QuickBooks(R) download in to P&H's industry leading cash management suite, Web Cash Manager, using Intuit's flexible Web Connect service. P&H is the first leading cash management vendor to sign an agreement with Intuit giving P&H banks the ability to offer both QuickBooks and Quicken(R) downloads via OFX connectivity, without the expense of an OFX server implementation. P&H already tapped into Intuit's innovative Web Connect for their Quicken Download module and extended the relationship when Intuit began offering the same service option for QuickBooks.

According to Michele Cowan, senior product manager at P&H, Quicken and QuickBooks downloads are ideal add-on modules for Web Cash Manager, "Customers are just a few clicks away from reconciliation in Quicken or QuickBooks. It's a great feature for banks who are looking to strengthen their small business product offerings."

Cost and convenience, says Cowan, are key benefits of Web Cash Manager with the Web Connect Service, "Unlike other systems, Web Cash Manager customers will not need to invest in a high cost OFX server. Using Web Connect, P&H offers the same functionality at a fraction of the expense. With no additional hardware required, setup and configuration are minimal."

The customer initiates the download directly from the Web Cash Manager Suite. P&H then sends a secured stream of data to the Intuit Web Connect Server. Once Intuit verifies the information, Web Cash Manager downloads the data directly into the QuickBooks or Quicken products, which are then automatically launched so customers can begin their reconciliation. For added convenience, customers can also launch Web Cash Manager while working in QuickBooks or Quicken.

According to Sandra Foster, Manager of Technology Alliances at Intuit, "We are excited that P&H is expanding their offering to include QuickBooks via Web Connect. P&H's 100+ existing customers can now add a new product that is in high demand in the small business market. Web Connect is designed to provide a rapid method for connectivity to both Quicken and QuickBooks."

"Quicken and QuickBooks downloads are key functionality for keeping small business customers," says Ralph Dangelmaier, P&H President. "Cost savings from Web Cash Manager's use of Web Connect can help level the playing field for small and medium-sized banks."

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 corporates from one 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 next generation of Web Cash Manager is the P&H Web Cash Manager Suite with its J2EE-compliant technology, designed to maximize flexibility, scalability, reliability and recoverability. With the industry's largest installed base, the P&H Web Cash Manager Suite is the only software of its kind with the functionality and adaptability that enable financial institutions of all sizes to uniquely package products and services for their market segments, or even individual customers, on one function-rich, flexible platform.

Using industry standard browsers, end-user clients can access an integrated suite of over 50 modules within 11products, including Information Reporting, ACH Origination, Wire Transfer, and Disbursement and Image services. The P&H Web Cash Manager Suite provides an infrastructure to integrate other products and services offered by financial institutions. This allows financial institutions to reduce costs by migrating their legacy systems to one platform.

The P&H Suite is currently in production with over 100 customers, ranging from the largest financial institutions (including Allfirst, AmSouth, Bank One, Citibank, J.P. Morgan Chase, Merrill Lynch, and Wells Fargo) to smaller regional financial institutions.

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

Politzer & Haney and P&H Web Cash Manager Suite 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."

Intuit, the Intuit logo, Quicken, QuickBooks, QuickBooks Pro, TurboTax, Quicken Loans and ProSeries, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries. Quicken.com, among others, are trademarks and/or service marks of Intuit Inc., or one of its subsidiaries, in the United States and other countries. Other parties' trademarks or service marks are the property of their respective owners and should be treated as such.
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Publication:Business Wire
Geographic Code:1USA
Date:Apr 25, 2003
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