| Milan, Italy Boston, MA, USA February 10, 2003 |
In a new report, Celent Communications ranks the top Web-based cash management software vendors in the European market.
In a new, 45-page report, , Celent Communications analyzes the solutions of 10 leading vendors and ranks them based on the following criteria: depth of functionality, reputation, financial stability, technology supported, flexibility and customization, and deployment methods supported. Using information from questionnaires, interviews, and client references, Celent determined the top vendors as shown in Table 1.
Top Cash Management Vendors
||Pure Web-Based Solutions
Vendors to Watch
|Source: Celent Communications|
"Current economic conditions, the introduction of the euro, and increasing competition have spurred a re-evaluation of corporate banking services in the European market," says Celent analyst Isabella Fonseca, lead author of the report. "Although PC-based corporate cash management solutions have long dominated the European banking landscape, European banks will slowly migrate to Internet-based technology. They will adopt vendor solutions to lower long-term maintenance costs and stay competitive. It is an opportunity for solution providers targeting the European market."
The study also includes a discussion of the major developments and trends in European cash management.
The vendors covered in this report include: Cambista Technologies, Eontec, Financial Objects, i-flex Solutions, Kyriba, CashTech Solutions, Fundtech, Infogroup, Misys, and S1. A is available online.
of Celent Communications' Wholesale Banking research service can download the report electronically by clicking on the icon to the left. Non-members should contact firstname.lastname@example.org for more information.