Panmure Gordon selects CheckFree for enterprise-wide reconciliation and exception management, delivering increased operational control

Atlanta/London. Sept 05, 2005 - CheckFree Software (Nasdaq: CKFR) has been selected by Panmure Gordon & Co Plc, the London-based corporate and institutional stockbroker, to automate and consolidate reconciliation
and exception management processes for its London based business, within
a control framework that will minimise operational risk while maximising
operational efficiency. In doing so, Panmure is extending the relationship that began with Accurate Software, acquired by CheckFree in May 2005, and consolidating all of its cash and securities reconciliation activity onto a single platform with improved management information across all products and business entities.

Accurate's operational risk management solution, Accurate NXG, has been deployed across Panmure's Institutional and Corporate broking operation and will support the company's growing trading volumes. Panmure is deploying Accurate NXG to automate all cash and securities reconciliations, from trade capture to post settlement. The solution will identify and resolve exceptions as early as possible within the transaction lifecycle, improving processing efficiency and reducing exposure to operational risk. The consolidated cash and securities reconciliation solution will be used by Panmure's operations team in London to automate its transaction processing procedures and to reduce
the risks associated with what was previously a manual and semi-automated environment.

Panmure's business users and senior managers will be equipped with Accurate NXG's business intelligence Dashboard technology which provides analysis, reporting and key performance metrics, for a complete overview of transactional risk. Available through a browser-based portal, the Dashboard enables users to monitor daily activity, take action where required and produce reports for internal and external regulatory requirements with documented audit trails.

Accurate NXG will reconcile data from external sources such as SWIFT via
SMA's SWIFTAlliance bureau service, as well as from internal systems including: trading platforms, settlement systems and general ledger applications. By reconciling the information from front to back office
within a single repository, Accurate NXG enables Panmure to quickly identify any exceptions either pre or post settlement, for fast resolution.

Nick Cook, Director, head of operations at Panmure Gordon & Co said: "As
our business grows and transaction volumes increase, we needed a solution that could centralise the reconciliation process, with the scalability to provide for future expansion across potential new business lines. Accurate NXG met all our requirements and we were particularly impressed by the Dashboard technology, which delivers a synchronised view of all cash and securities activities across our organisation. This will help us to increase operational control and deliver improved service levels to our clients. With Accurate now part of CheckFree, we are confident we have deployed best-of breed
technology, from a global market leader."

Randy McCoy, executive vice president and general manager, CheckFree Software, said: "Panmure will use Accurate NXG to increase efficiency, reduce costs and maximise operational control. With this deployment we are reinforcing our position as the leading global provider of operational risk management solutions."

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