Carreker has launched two web-based enterprise logistics solutions for the financial industry. The target is improving controls over shipping and invoicing to aid Sarbanes-Oxley and Basel II compliance.

TrackPoint tracks, traces and reports on any objects or electronic file shipping in or out of a company. Claims made for the software include streamlined operations, internal control and audit matters.

MatchPoint reconciles vendor invoices. Claimed advantages are improved audit trails, eliminating overpayments and reconciled tiered pricing.

The Gramm-Leach-Bliley Act, the Sarbanes-Oxley Act, and Basel II are also in the suites sights. All of them require companies to track and trace the movement of auditable data across in, and, out of the enterprise.

TrackPoint automates the counting, verification, logging and reporting aspects of delivery management. Any item can be tracked from courier bags to check images exchanged between banks. Deployment can by central facilities, remote users and customers.

MatchPoint automates the vendor invoice process from the point goods or services are ordered through to authorization to pay the invoice. Invoices can be reconciled with actual orders.

Related Articles
Lloyds TSB and Reveleus for Basel II
Basel II Banks Having Doubts
GMAC Cuts SOX Costs By 50% With RMC
Misys Acquires Almonde
Standard Settles on SunGard For Basel II Compliance