Fitness4Less Wins Corporate Recognition Award for Innovation and Excellence from Treasury Management International
New York – January 23, 2015 – Fundtech, a market leader in global transaction banking solutions, would like to congratulate Fitness4Less for winning a 2014 Corporate Recognition Award for Innovation and Excellence from Treasury Management International in the category of Credit & Collections. The awards, sponsored by BNP Paribas, were announced at a ceremony on January 22, 2015. Winners of this annual award are selected by the publication’s editorial board for demonstrating leadership, innovation and excellence in treasury management.
Fitness4Less, a chain of low-cost fitness centers, is a business where cost control and a high level of customer service are vital to the business’s success. By implementing a fixed-cost Direct Debit solution provided by Fundtech, the company was able to realize significant transaction cost savings, offer customers the ability to conduct online transactions 24/7, and monitor the status of customer accounts in near-real-time to better manage cash flow.
“Congratulations to Fitness4Less for winning this award,” says Danne Buchanan, Executive Vice President, Merchant Services, Fundtech. “By minimizing transaction fees and reducing transaction costs Fitness4Less shows that businesses of any size can utilize technology to improve customer service and reap financial rewards.”
“Fitness4Less was successful in winning this award against stiff competition,” added Robin Page, CEO of Treasury Management International. “We felt that the solution was a flagship example of the way in which corporate treasurers are responding to changing market conditions and positioning their organizations for growth.”
Fundtech offers a comprehensive line of transaction banking solutions to banks and corporations of all sizes around the world. As a strategic supplier, Fundtech’s customers benefit from lower operating costs and an enhanced end-user experience through integrated and feature-rich solutions. The firm’s major product lines include: global and regional payments, corporate cash and liquidity management, financial messaging, electronic invoice presentment, supply chain financing, remote deposit capture, merchant services, credit card gateway and mobile banking products. Fundtech offers its software through a traditional software license and a Software-as-a-Service (SaaS) contract. Thousands of financial institutions and companies worldwide rely on Fundtech’s innovation to improve operational efficiency, increase revenues, and provide greater competitiveness through business-to-business services. Founded in 1993, Fundtech was acquired in 2011 by GTCR, a Chicago-based private equity firm. For more information please visit www.fundtech.com.
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