EIB selects Accurate Software

Due to go live in December 2004, the deployment will automate the reconciliation process for EIBs cash, securities and foreign exchange confirmations to reinforce EIBs back office operations. Using Accurate NXG, EIB will implement a single platform that will streamline its back office processes and provide a comprehensive transaction control solution across multiple business areas. Accurate NXG will also deliver improved management information, through its business intelligence Dashboard technology, enabling EIB to add greater transparency and control to its transaction handling process. Accurate NXG Dashboard provides a state-of-the-art browser-based means of analysing and distributing key information, and can be used to quantify risk at both a detailed and aggregate level. Accurate NXG, which brings together Accurates core competencies of reconciliation, exception management, workflow and business intelligence, will be deployed at EIBs headquarters in Luxembourg. Accurates solution replaces manual and Microsoft Excel-based systems.