AFP Service Codes Licensing
The AFP Service Codes© may be included in account analysis software packages and services through a licensing agreement with AFP. By licensing the AFP Service Codes for inclusion in their software applications, providers can demonstrate their commitment to meeting the needs of their corporate or financial institution customers and gain competitive advantage over those firms that do not include the AFP Service Codes. Including the Codes in software applications eliminates the need for the end-user to purchase the Codes and manually enter or import the Codes into account analysis software.
Licensing agreements may include:
- Permission to embed portions of the AFP Service Codes in software applications
- Ability to provide copies of AFP Service Codes CD to each customer of the licensee
- Use of AFP Service Codes© Licensed Provider mark
- Listing in the AFP Service Code Licensed Provider directory on the AFP Web site
The following companies are licensed to include the AFP Service Codes in their account analysis applications:
Chesapeake System Solutions Inc.
Chesapeake, the leading provider of a total end-to-end treasury solution, offers an integrated suite of cash management software tools: treasury workstation, reconciliation, process management, account analysis, data collection and compliance. Chesapeake's client base represents a broad range of business sectors, including services, banking, government and retail. Working with a client's existing platforms and procedures, Chesapeake provides both the industry and technical expertise to simplify and enhance treasury operations. SmartAnalysis, Chesapeake's versatile, multi-functional bank fee analysis system, offers a browser-based application to automatically import, standardize and compare all banking relationships. This widely-used software immediately alerts the user to any bank discrepancies, streamlines negotiated fee structures, and quickly spots trends to reduce bank expenses.
Fiserv CBS Worldwide
CBS Worldwide is a unit of Fiserv, Inc. and is a leading financial information systems provider serving the global marketplace. More than 200 commercial banks, private banks, finance houses, building societies, credit unions, thrifts and diversified financial companies use Fiserv CBS technology. Fiserv CBS Worldwide is on the Internet at www.fiservcbs.com.
The Weiland Financial Group, Inc.
WFG is the only vendor to specialize in account analysis and signatory solutions both for corporates and financial institutions. WFG has served on both the AFP Paper Statements Standards Committee and the Electronic ANSI X12/822 Committee. The most widely used account analysis system, Bank Relationship Manager, established the standard in analysis for treasury in 1991. BRM enables Fortune 1000 corporations to manage account analysis relationships, easily detect overcharges, effectively negotiate lower bank prices, and successfully reduce bank fees. WFG also offers Bank Administrator to manage day-to-day signatory and account maintenance tasks while meeting SOX requirements. WFG offers web-based, ASP, and client-server systems including support, training, outsourcing and consulting.
Customers of any other software providers that enable the use of the AFP Service Codes must purchase the AFP Service Codes directly from AFP in order to take advantage of this software feature.