Gresham, which has established itself as a global leader in integrating and supporting treasury and financial applications, will provide implementation and support services for Chesapeake's software applications worldwide. Initial activities will be concentrated on support of the leading reconciliation automation solution, the Total Reconciliation Solution (T-Recs(R)), which is being deployed in 41 countries for one of the world's largest financial services companies. This deployment will highlight the software's capabilities on such critical cross-border issues as real-time currency conversion and
management, as well as compliance with multiple national and international auditing regulations and standards.
Chesapeake and Gresham facilitate customers' needs for turn-key implementation and customer support. The companies are jointly establishing a global 24/7 customer support service.
Gresham's CEO, Andrew Walton Green, states, "We are delighted to enter into a partnership with Chesapeake. This contract endorses the strength of their reconciliation solutions. Gresham's experience in treasury integration projects and worldwide presence complimenting Chesapeake's existing North American presence provides a strong fit for Chesapeake's clients. We look forward to a long, productive future with Chesapeake."
Chesapeake President Peter Vogelberger shared the sentiment,noting, "As we continue to build our client base worldwide, this partnership couples the best of treasury solutions with a highly experienced integration specialist. This venture will help broaden our presence in the global marketplace."