News & Events
Chesapeake System Solutions Software to Be Installed By Two Major Corporations
Heller Financial, Inc. and Shoe Show, Inc. to Monitor Reconciliations
Peter Vogelberger, President of Chesapeake System Solutions, has announced that two large corporations have purchased its software products for use in their cash and reconciliation department. Heller Financial, Inc., the worldwide commercial finance company, has purchased the Total Reconciliation Software (T-Recs) software package by Chesapeake System Solutions. Shoe Show, Inc., the multi-state footwear retailer has purchased Chesapeake's T-Recs and Unclaimed Property Compliance System (UPCS).
Said Larry Hund, Executive Vice President and Controller for Heller Financial, Inc., "Using this cash management software, we plan to automate the reconciliation process, track outstanding items, and monitor bank fees. With the new automation, reconciliations can be monitored daily rather than monthly, and outstanding items can be recognized and corrected in the same accounting period."
Hund adds that the T-Recs software was chosen because "one of Heller's goals is continuous improvement using the best practices. T-Recs offers us a tool to accomplish this goal. Compared to the competition, Chesapeake's product is the most efficient and user friendly."
Continued Hund, "We expect to see a significant reduction in the amount of time spent on reconciling our cash accounts. The time saved on the monthly reconciling process will allow our employees more time for analysis and resolution of outstanding items."
About Heller Financial, Inc.
Heller Financial, Inc., is a worldwide commercial finance company providing a broad range of collateralized financing solutions. With $20 billion in total assets, Heller offers equipment financing and leasing, sales finance programs, collateral and cash flow-based financing, as well as financing for healthcare companies and commercial real estate. The company also offers trade finance; factoring, asset-based lending, leasing and vendor finance products and programs to clients in Europe, Asia, and Latin America.
About Shoe Show, Inc.
Founded in 1960 in Kannapolis, North Carolina, Shoe Show, Inc. has over 700 retail outlets in 28 states. The company operates stores under the names Shoe Show, The Shoe Dept., and Burlington Shoes. All stores sell a complete line of brand name family footwear including dress, casual, athletic and work shoes, as well as handbags, hosiery and other accessories
About Chesapeake System Solutions
Chesapeake is an industry leader in automated reconciliation, treasury workstation, Internet data management, account analysis, relationship management and compliance software. Over the years, Chesapeake has helped organizations large and small around the world improve productivity, lower costs, and manage and document financial controls through a suite of integrated products. Chesapeake’s leading-edge solutions are based on the latest technology and backed by a highly regarded support group.