Chesapeake System Solutions strives to maximize automation and minimize manual effort by providing the best functional tools to complete the task efficiently
Chesapeake System Solutions’ technology enables banks to extend treasury management and reconciliation services to their corporate customers. Chesapeake’s solutions also support efficient and automated exchange of transactions, including initiation, execution and reporting between financial partners over existing public and proprietary channels. Chesapeake System Solutions strives to maximize automation and minimize manual effort by providing the best functional tools to complete the task efficiently, avoiding errors and omissions. The company’s software can be implemented within the existing back-office operations—licensed, hosted or mixed—without re-engineering.
T-Recs Enterprise customers include everything from Fortune 500 companies to regional banks that want to expand their corporate market by offering cash management services. Such services include transaction reconciliation and fraud prevention using the solution’s positive-pay processing functionality. Chesapeake’s solution enables banks to offer these services and create a new revenue-producing business.
Chesapeake System Solutions also offers SmartAnalysis, SmartTreasury, Unclaimed Property Compliance System (UPCS) and Internet Data Manager™. These powerful and comprehensive products work seamlessly together to fulfill the treasury and financial needs of businesses. “Customers that implemented our SmartAnalysis solution have discovered bank fee discrepancies, saving them more than the cost of our product,” adds Vogelberger. By design, these solutions offer the flexibility to accommodate existing business processes, while offering insights on ways to increase operational economy and efficiency.
“To accommodate our licensed customers, our products can be installed on various platforms. Practical use of sophisticated technology and open-ended development techniques give us great flexibility in how we implement our functionality to suit specific application needs,” says Vogelberger. Focused on the real-world needs of financial service productivity, the company is currently working on areas of business process modeling, workflows and dashboards, data mining and analytics, and straight-through-processing with enterprise application integration. In addition, keeping pace with the revolution in mobile devices, Chesapeake System Solutions is actively pursuing tablet and smartphone workstation functionality to tackle the challenging security issues associated within these platforms.