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Global Finance Names XRT Best Treasury Management Software

KING OF PRUSSIA, Pa., Feb. 28 /PRNewswire/ -- Global Finance magazine has named XRT Best Treasury Management Software for 2005 in its annual rankings of best treasury and cash management banks and providers.
Global Finance editors - with input from industry analysts, corporate executives and technology experts - selected the best providers of treasury and cash management software and services. Factors considered included market leadership, customer service, competitive pricing, and innovative technologies.

"Our awards identify the banks and providers of products and services that consistently improve transaction processes to speed collections and reduce risks," said Global Finance publisher Joseph D. Giarraputo. "We see XRT giving financial managers tools that go beyond traditional treasury management, allowing them to make their capital work harder than ever."

"This award validates our vision of providing organizations with tools to gain total control and visibility over working capital, no matter where it falls within the corporate financial value chain - from cash forecasting, collections management, traditional treasury and more," said John Alarcon, general manager, XRT North American Operations. "It is an honor to receive this recognition by Global Finance."

Global Finance, which celebrates its 18th year of publishing in 2005, has 50,000 subscribers and more than 250,000 readers in over 158 countries. This audience includes chairmen, presidents, CEOs, CFOs, treasurers, and other financial officers responsible for making investments and strategic business decisions for large global companies and financial institutions. Global Finance targets most of the 8,000 key portfolio investors who control over 80 percent of all assets under professional management.

XRT is the world's largest provider of financial management software that is solely dedicated to supporting the working capital management needs of medium and large organizations. The company's solutions provide financial executives a comprehensive, real-time view of their global cash flows, allowing them to optimize their working capital management, reduce their exposure to financial risks and improve their profitability. For more than 20 years, XRT has served an extensive global client base, with more than 6,800 organizations in 55 countries currently using the company's solutions. XRT is ranked as one of the top software and services providers in the world by Software Magazine, and named the "Best Treasury Management Software for 2005" by Global Finance magazine. XRT generated EUR 40.2 million in revenue in 2004 with a staff of 350. Its global headquarters is in Paris-La Defense, and the U.S. headquarters is in King of Prussia, PA. Visit http://www.xrt.com/ for more information.

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