London and New York, 19th June 2011 – ACE Software Solutions; the specialist payment and messaging software house, announces the release of Pelican Pay v7.6.

Pelican Pay is the product of choice for PGGM; one of Europe’s leading pension administrators, processing over €109 billion per annum.

Pelican Pay has been specifically designed to meet the needs of corporate houses such as PGGM to manage their payments, collections and bank statements. The product uses leading edge AI software developed by ACE and is based on the highly popular Pelican platform which hosts a multitude of offerings for banks and financial institutions. The Pelican Pay platform enables corporate houses to create, process and send payment and collection instructions. The platform seamlessly integrates with multiple back-office applications and external systems including SWIFT. Pelican Pay provides complete visibility on all instructions at any given point through comprehensive interactive dashboards and search facilities.

The latest software version of Pelican Pay supports multi-level authorisation; thereby allowing users to configure multiple authorisation stages that may be used in the payments process.

Parth Desai, founder and CEO of ACE Software said about this latest release “Pelican Pay is already delivering unparalleled technological solutions to corporate houses and this latest software enhancement merely underlines ACE’s commitment to maintaining the lead in this rapidly growing sector. Corporate houses face an array of challenges in maintaining control over payments in a multi-national, multi-layered and highly regulated commercial world and Pelican Pay continues to offer a high value alternative to maintaining outdated and inefficient payment process management”.