Ranking the US Vendors of Cash Management Solutions: 2002 Update

September 20, 2002

Abstract

Boston, MA, USA September 20, 2002

Ranking the U.S. Vendors of Browser-Based Cash Management Solutions: 2002 Update

Celent Communications ranks Politzer & HANEY first in the fiercely competitive browser-based cash management space for large and midsize financial institutions.

The cash management space has been plagued by financial woes, missed deadlines, and little differentiation in product suite features and functionalities. To date, Windows-based solutions have dominated the market and most financial institutions are still moving "the basics" online. However, this situation is expected to change significantly in the next 12-18 months.

Who are the leaders in the browser-based cash management race? In a new report, Ranking the U.S. Vendors of Cash Management Solutions: 2002 Update, Celent Communications analyzes the solutions of eight vendors and ranks them (Table 1). The ranking is based on seven criteria: features/functionality, financial viability, number of successful deployments, customization, implementation, client support/service, and use of J2EE technology.

The Leaders in Browser-Based Cash Management Solutions

"Ranking the vendors was difficult as all of the solution providers have made great strides over the last year. Product suites are finally on par with Windows-based offerings and many financial institutions plan to phase out their Windows-based solutions by the end of next year," said Christine Barry, wholesale banking analyst at Celent and author of the report.

"Despite pressure on financial institutions to cut their IT budgets, we anticipate continued spending on cash management solutions due primarily to necessity. The technology on the corporate side of the bank continues to lag behind that on the retail side. While retail banks deploy the latest bells and whistles, corporate banks are still playing catch-up," said Barry.

The vendors covered in this report are: Banklink, Bottomline Technologies, Enterprise, Fundtech, Magnet Communications, Metavante (which acquired Brokat), Politzer & HANEY and S1.

A is available online.

Rank

Large and Midsize Financial Institutions (>US$5 billion in assets)

Small Financial Institutions (

1 Politzer & HANEY S1
2 Magnet Communications Politzer & HANEY
3 Fundtech Fundtech

of Celent Communications' Wholesale Banking research service can download the report electronically by clicking on the icon to the left.

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

 

Boston, MA, USA September 20, 2002

Ranking the U.S. Vendors  of Cash Management Solutions:  2002 Update

Return to report Abstract

 

EXECUTIVE SUMMARY 3
INTRODUCTION 5
MARKET OVERVIEW 8
  Key Trends 8
  Core Features and Functionalities 11
  Vendor Selection 12
  Spending Projections 13
VENDOR PROFILES 15
  Banklink 16
  Bottomline Technologies 17
  Enterprise Cash Management 19
  Fundtech 21
  Magnet Communications 23
  Metavante 25
  Politzer & HANEY 27
  S1 28
COMPARATIVE ANALYSIS 31
  The Ranking 36
FUTURE TRENDS 40

Sign in to download reports and access personalized information