FTNI and UNIT4 CODA Announce Strategic Receivables Management Partnership

UNIT4 CODA clients will have the option of utilizing FTNI’s ETran Platform for all of their receivables management needs

OMAHA, NE. – December 13, 2011 – Financial Transmission Network Inc. (FTNI), a provider of industry-leading payment solutions, today announced that it has partnered with UNIT4 CODA to offer a complete receivables management solution to UNIT4 CODA’s client base. UNIT4 CODA clients will have an opportunity to consolidate all of their check, single and reoccurring ACH and credit card payments, cash posting and web payment on the ETran Receivables Platform.

Once the receivables are entered into ETran, the payment data will be posted seamlessly and easily via a simple batch file import utility into market-leading, best-of-class Coda Financials financial management software. This level of automation will immediately save time and money for clients as only one file from a single platform will need to be imported into Coda Financials, as compared to multiple system and vendor platforms currently being utilized. In addition, UNIT4 CODA’s clients can keep their existing banking and credit card relationships as the ETran platform is settlement agnostic.

FTNI’s award-winning ETran platform incorporates check scanning, ACH processing, credit card processing and cash posting, on a single, PCI-compliant managed or cloud-based platform to help clients reduce costs, accelerate timelines and improve transaction processing quality. Since the web payment technology is incorporated and delivered seamlessly within FTNI’s SaaS-based ETran platform, merchants are able to manage all of their incoming payments on a single platform.

Doug Fisher, EVP of Software Solutions, FTNI, commented, “By partnering with UNIT4 CODA, FTNI can offer CODA clients a cost-effective and money-saving way to manage their receivables; ETran provides consolidation, agnostic settlement and posting of payment data into Coda Financials.”

About FTNI

Financial Transmission Network, Inc.’s (FTNI) ETran platform incorporates remote deposit capture (check scanning), ACH, credit card processing and cash posting, on single, managed platform to help clients reduce costs, accelerate timelines and improve transaction processing quality. The Company’s cloud computing based software enables customers to setup recurring payments (ACH & credit card), message between users and provide custom integration into back offices systems, thereby reflecting the payment activity in the merchant’s receivables system. This technology offers merchants a turn-key, single-payment platform in a software-as-a-service (“SaaS”) environment that is fully PCI-compliant, thereby eliminating the hardware and software costs associated with traditional solutions. Due to its modular approach and easy deployment, the ETran platform can be deployed in a variety of verticals and customized easily to fit the end-users needs. Visit us at http://www.ftni.com.

About UNIT4 CODA

UNIT4 CODA, Inc. is part of UNIT4, a $576 million global business software company aimed at helping dynamic organizations to embrace change simply, quickly and cost effectively. Coda Financials is best-of-class financial management software designed to integrate with industry- and company-specific applications. Coda Financials provides real-time financial visibility and control across people, processes and systems. By acting as the financial information backbone for companies with fast-changing and mixed application environments, it offers a “no compromise” approach to financial modeling, process controls and application choice. For more information on UNIT4 CODA, visit http://www.unit4coda.com. Follow us on Twitter and LinkedIn and our blog at http://blogunit4coda.com.

Media Contact:

Lyle Knox
FTNI
VP Client Relations
402-502-8777 x107
lyle@ftni.com

Topics: financial management applications