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Charterhouse signs for allFAC

Charterhouse signs for allFAC: becomes third organization to license the ASP version

Surecomp, a leading provider of supply chain solutions and trade finance solutions for the global financial services community, announced today that UK-based Charterhouse Commercial Finance Plc has, following an extensive evaluation licensed the ASP version ofallFAC, Surecomp’s Java J2EE supply chain solutions solution.

Charterhouse Commercial Finance, a leading member of the highly-respected Charterhouse Group International, plan to exploit the power, flexibility and total versatility of allFAC to offer maximum service values to their customers while competing effectively in an ever-demanding market.

The ASP (Application Service Provider) version of allFAC includes all the external software and hardware services required to run a business application, without custom code being installed on the company’s computer systems.

A global concern employing in excess of 300 staff with operations in the UK, Isle of Man, Jersey, Australia, Dubai and South Africa, Charterhouse Group International prides itself on a cautious and conservative approach to business, the fruits of which are reflected in its growing market-leading position as a provider of remuneration solutions to the recruitment and related industry.

Established in 2004, Charterhouse Commercial Finance offers an extensive range of automated business processes and financing options designed to strengthen business operating efficiencies and improve cash flow, enabling customers to focus on the key tasks of business development, sales and management.

“We are excited at the prospect of working with Surecomp on the allFAC ASP project. Their knowledgeable staff, project management expertise and past experience working with financial institutions will prove invaluable. Just as we value the relationship we have with our customers, so we also place value and trust in our vendor partners” said Nigel Simkins, Operations Director, Charterhouse Commercial Finance.

“The Group’s long-term strategy of inward investment, particularly in IT, research and development and in our staff, results in us being able to meet the demands for professional, technically competent, high quality and service-driven products in markets, where many providers are known for their short term existence” concluded Nigel Simkins.

Commenting on the selection of allFAC, Lee Kingshott, Surecomp General Manager, supply chain solutions said, “Charterhouse is the third financial organization to license allFAC this year. We see the selection of allFAC by Charterhouse as a further endorsement towards the establishment of allFAC as the solution of choice in this market, and the capabilities and strengths of Surecomp’s product design, development and management.”

About Charterhouse Commercial Finance
For further information on Charterhouse and an overview of their factoring services, visit the CCF website at www.charterhousefactoring.com

About allFAC
allFAC provides extensive functionality in the areas of domestic and export factoring, invoice discounting, inventory finance, floor planning, scheduled liquidations and other asset-based finance. allFAC includes a wide range of features that support worldwide best practice and the ability to conform to local legislation. With the flexibility to enable these features as required,allFAC is guaranteed to offer a complete solution to all asset-based financiers.

About Surecomp
Established in 1987, Surecomp is a market pioneer with a proven track record delivering innovative solutions to major banks and financial services providers worldwide. With a global network of regional offices and state-of-the-art development centers, Surecomp successfully supports hundreds of installations in more than 60 countries. Surecomp’s integrated portfolio of receivable management and trade finance solutions streamlines the transaction lifecycle to minimize costs and maximize profits.