Press Release Details

Q2 Streamlines ACH Reporting with Unique Automated Reporting Module

March 29, 2017

CentrixPIQS™ launches automated reporting module to eliminate manual reporting for FIs

AUSTIN, Texas--(BUSINESS WIRE)-- Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of secure, cloud-based digital banking solutions for community-focused financial institutions (FIs), announced today the launch of its CentrixPIQS™ Automated Reporting Module.

Centrix Solutions, a Q2 company, provides customers with industry-leading reporting and risk management capabilities through the Centrix Payments I.Q. System (CentrixPIQS™). FIs can utilize CentrixPIQS™ to simplify audit compliance and facilitate the review of ACH originators. By adding the Automated Reporting Module, FIs can automate the production of ACH activity reports, reducing the effort and time needed to monitor vital ACH indicators.

“Manually producing ACH reports for audit purposes or board reporting can be time-intensive and inconsistent,” said Brian Koenig, product owner at Centrix Solutions. “Now users can have their ACH reports automatically waiting for them when they’re needed, cutting reporting periods significantly, and ensuring consistency by generating reports with the same criteria each time.”

Using the CentrixPIQS™ Automated Reporting module, FIs can simplify operations by defining reports with parameters such as groups and scheduling, allowing the FI to deliver output reports without human intervention.

“CentrixPIQS™ is already a valuable ACH management tool for our institution that helps us with our ACH reporting and risk management of our commercial clients,” said Helen May, senior vice president and operations director at the Bank of Tampa. “Automation will make our reporting process more efficient and streamline reports that need to be generated on a recurring basis.”

The CentrixPIQS™ Automated Reporting Module is available immediately for licensing by existing CentrixPIQS™ customers. CentrixPIQS™ functionality falls into four main categories: ACH activity reporting, ACH file validation, customer risk review and transaction warehousing.

To learn more about Centrix Solutions and CentrixPIQS™, visit www.centrixsolutions.com.

About Q2 Holdings, Inc.

Q2 Holdings, Inc. (Q2) is a leading provider of secure, cloud-based digital banking solutions headquartered in Austin, Texas. Q2 is driven by a culture of partnership and dedication to empowering community-focused banks and credit unions with digital banking solutions that help them stand apart, scale smart and grow beyond with retail and commercial account holders. Q2’s solutions are designed to deliver a compelling, secure and consistent user experience on any device and enable customers to improve account holder retention and to create incremental sales opportunities. To learn more about Q2, visit www.q2ebanking.com.

Source: Q2 Holdings, Inc.

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