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Wachovia online treasury-management service boasts new functionality

by Birmingham Biz Journal - Oct 09,2006

Wachovia Corp. has upgraded its online treasury-management service.

The product, dubbed Wachovia Connection, provides clients with access to information on their cash positions and transaction history.

"A user immediately will notice how easy the new Wachovia Connection is to use and navigate," says Laurence Leinbach, senior vice president and head of Wachovia's information-access product team. "Additionally, the information-management improvements and enhanced image services benefit our clients with real-time savings and quicker access to the reports and information they need for their business."

Charlotte, N.C.-based Wachovia (NYSE: WB) said the revamped service provides advanced reporting and research capabilities, as well as customization of reports. It also offers a new account summary tool and enhanced searching.

Wachovia's treasury-services division provides payables and receivables offerings, including electronic check conversion, accounts receivable conversion and a national wholesale and retail lockbox network.

Wachovia is one of the nation's largest diversified financial services companies, with retail and commercial banking operations in 21 states, including Alabama.

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