Fiserv Enters New Territory in Financial Governance with Frontier: Account Control Module

January 5, 2011
Fiserv Enters New Territory in Financial Governance with Frontier: Account Control Module

Brookfield, Wis., January 5, 2011 - Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, today unveiled Frontier™: Account Control, its latest offering to surround the reconciliation process with effective and efficient risk management and compliance controls.

Part of the latest Frontier 5.0 release, this new module fully automates the preparation, review, approval and monitoring of all operational and balance sheet reconciliations across any operation within financial services institutions and corporate organizations.

"Direct customer feedback was a vital component as we set out to map new territory in enterprise reconciliation," said Brad Foohey, senior product manager, Financial Control Solutions, Fiserv. "This new version of Frontier with Account Control delivers a more efficient, intuitive user experience, focused entirely on reconciling in less time and with less risk within the process."

Financial services institutions and corporate organizations using Frontier: Account Control will now be able to:

  • Define reconciliation standards, ownership and post period ledger changes
  • Ensure completeness and consistency in reconciliation creation
  • Have full visibility and transparency into the reconciliation process to simplify the financial close and meet compliance mandates
  • Store all documentation related to the reconciliation process in a fully audited manner

In addition to Account Control, the new version of Frontier also delivers a unique Viewpoint™ dashboard providing the real-time visibility required to prioritize work and manage the entire reconciliation process more efficiently and accurately. Enhanced case management capabilities make the process even easier by highlighting critical exceptions and providing actions for rapid resolution.

A core competency of the company, Fiserv offers a unique breadth of Risk and Compliance solutions to help clients optimize usage and return on capital by making risk transparent and actionable within their organization. Solution areas include Financial Risk Management, Financial Performance Management, Financial Crime Risk Management and Financial Control Solutions.

About Fiserv
Fiserv, Inc. (NASDAQ: FISV) is the leading global provider of information management and electronic commerce systems for the financial services industry, driving innovation that transforms experiences for financial institutions and their customers. Fiserv is ranked No. 1 on the FinTech 100 survey of top technology partners to the financial services industry. For more information, visit www.fiserv.com.

For more information contact:

Media Relations:
Julie Nixon
Public Relations Manager
Fiserv, Inc.
678-375-3744
julie.nixon@fiserv.com

Additional Fiserv Contact:
Wade Coleman
Director, Public Relations
Fiserv, Inc.
678-375-1210
wade.coleman@fiserv.com