RNS
13 February 2024
Gresham Technologies plc
Strategic $1.5m Clareti Control
contract win with cash management solutions provider
Gresham Technologies plc (LSE:
"GHT", "Gresham", "Group", "Company"), the leading software and
services company that specialises in providing solutions for data
integrity and control, banking integration, payments and cash
management, is pleased to announce a new Clareti contract win in
the cash management industry.
The customer, a leading provider of
cash management and retail digital solutions and an existing user
of Clareti technology in their European operations, has signed a
contract to replicate the cloud-based solution to support its US
business. In the initial phase of the project the firm will partner
with Gresham to automate the end-to-end control and reconciliation
of cash processing activities and improve the efficiency of
exceptions management. The initial contract has a minimum five-year
term with total committed incremental subscription fees of $1.5m
over that period, with additional fees for professional
services.
A further phase of the US project is
expected to enable the straight through processing of payments to
multiple bank partners, for which incremental subscription fees are
expected. This Key Customer operates in over 50 countries around
the world providing further opportunity to expand a proven and
successful partnership.
Ian
Manocha, CEO commented:
"We are delighted to be building a global relationship with
this respected leader in the cash management industry. We will work
together to automate cash and payments processing controls with the
objective of improving the management of operational and financial
risks and lowering operating costs."
Enquiries
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Gresham Technologies plc
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+44 (0) 207 653 0200
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Ian Manocha
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Tom Mullan
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Singer Capital Markets (Financial Adviser and
Broker)
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+44 (0) 207 496 3000
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Shaun Dobson / Tom Salvesen / Jen
Boorer
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Alma Strategic Communications
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+44 (0) 203 405 0205
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Josh Royston / Hilary Buchanan /
Will Ellis Hancock
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Inside information
The information contained within
this announcement is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulation (EU)
No. 596/2014 ("MAR"). Upon the publication of this
announcement via a Regulatory Information Service ("RIS"), this
inside information is now considered to be in the public
domain.
Note to editors
Gresham Technologies plc is a
leading software and services company that specialises in providing
real-time solutions for data integrity and control, banking
integration, payments and cash management. Listed on the main
market of the London Stock Exchange (GHT.L) and headquartered in
the City of London, its customers include some of the world's
largest financial institutions and corporates, all of whom are
served locally from offices located in the UK, Europe, North
America and Asia Pacific.
Gresham's award-winning Clareti
software platform is a highly flexible and scalable platform,
available on-site or in the cloud, designed to address today's most
challenging financial control, risk management, data governance and
regulatory compliance problems. Learn more at
www.greshamtech.com.