OWINGS MILLS, Md. - (Business Wire) Chesapeake System Solutions, Inc.
® (
www.chessys.com), an industry leader in providing integrated software solutions that simplify the complexities of financial and treasury management operations, today announced that Ford Motor Company recently implemented Chesapeake
’s flagship product, T-Recs
® Enterprise, to automate the reconciliation of corporate disbursements. The implementation involved high-volume accounts for payroll and other accounts payable, providing Ford an automated means to review transactions.
T-Recs Enterprise seamlessly gathers and consolidates financial transactions from internal and third-party sources and performs data analysis using its powerful engine. Built-in flexibility allows Ford, or any user, to define their own rules and tailor these parameters down to the account level. T-Recs Enterprise also gives users the capability to configure their exception management and resolution process to align with existing corporate processes. Many systems on the market today force users to conform to system-defined rules and exception management procedures.
Peter Vogelberger, CEO, Chesapeake, says, “Chesapeake is proud that Ford, a global automotive industry leader, selected T-Recs Enterprise to automate this vital corporate activity. Our selection by a corporation of this stature underscores our product’s scalability and robust functionality, helping to solidify its posture as the perfect financial software solution for organizations of every size.”
Ford also uses Chesapeake’s Unclaimed Property Compliance System (UPCS™) to track and manage its unclaimed property.
About Ford Motor Company
Ford Motor Company, a global automotive industry leader based in Dearborn, Michigan, manufactures or distributes automobiles in 200 markets across six continents. With about 245,000 employees and about 100 plants worldwide, the company’s core and affiliated automotive brands include Ford, Jaguar, Land Rover, Lincoln, Mercury, Volvo and Mazda. The company provides financial services through Ford Motor Credit Company. For more information regarding Ford’s products, please visit www.ford.com.
About Chesapeake System Solutions, Inc.
Chesapeake System Solutions, headquartered in Owings Mills, Maryland, is an industry leader in providing integrated software solutions that simplify the complexities of financial and treasury management operations. Whether providing automated means to reconcile cash and non-cash accounts, manage corporate treasury functions, analyze bank account information or track unclaimed property, Chesapeake’s suite of products not only responds to specific financial needs but also incorporates those essential higher-level functions of financial governance, financial performance and regulatory compliance through built-in provisions affording internal controls, data security and process oversight. Since 1993, Chesapeake has helped national and international organizations of every size improve productivity, lower costs and document compliance with regulatory requirements including Sarbanes-Oxley and PCI Standards. Chesapeake offers leading-edge solutions, the latest technology and unparalleled customer support. For more information about Chesapeake and its solutions, please visit www.chessys.com or call 410-356-6805.
Chesapeake System Solutions, Inc.
Jim Alsobrook, 410-356-6805, x141
jalsobrook@chessys.com
or
Press Contact:
DPR Group, Inc.
Jeanne Zepp, 240-686-1000
jzepp@dprgroup.com
