Partnership Supports BISYS Bank Clients with Enterprise Content Management Solutions
CLEVELAND � January 4, 2005 � Hyland Software, Inc., developer of the OnBase� enterprise content management (ECM) software suite, and BISYS, a leading provider of outsourcing solutions for the financial services sector, today announced the formation of a strategic alliance, positioning OnBase as one of BISYS� preferred enterprise content management solutions.
OnBase helps BISYS client banks run more efficiently by electronically capturing, storing and managing documents, including application files, reports, forms and statements. Its integration with BISYS� core processing systems, loan origination systems and CRM solutions provides further operational benefits and allows financial institutions to electronically share critical information across the enterprise.
According to Robert Hunt, senior analyst at TowerGroup, a leading research and advisory firm, �Core processing outsourcers have continued to grow revenues by providing new value-added services to their client base. Although these outsourcers can choose to develop new services in-house, they recognize that offering best-of-breed products increases the value proposition for clients and solidifies the client-vendor relationship.�
�Our alliance with BISYS helps its clients streamline processes, reduce costs and improve customer service levels,� said Brenda Kirk, Financial Services Industry director at Hyland Software. �Replacing manual elements with automated retrieval, viewing and the ability to cross-reference documents results in increased cost savings while allowing employees to focus their energies on the customer, which is critical in today�s competitive financial services environment.�
Bill Neville, president of BISYS Information Services, said, �At BISYS, we selectively integrate new technologies that add value to our core platform and help our clients run their businesses more efficiently. Hyland�s OnBase solution encompasses more than 60 modules that allow specific input, management, and output capabilities. This flexibility enables our clients to create customized solutions and expand functionality based on their individual growth needs. Many BISYS clients are embracing this solution. Virginia Savings Bank recently purchased the OnBase solution and Ohio-based Peoples Community Bank has completed the implementation of the solution. We are excited about the opportunities the OnBase solution affords our clients and expect continued success from our business relationship with Hyland Software.�
About BISYS Banking Solutions
BISYS provides banks of all sizes and charters with innovative outsourcing solutions that support their evolving requirements. Partnering with BISYS provides banks with state-of-the-art core banking applications integrated with more than 80 high-demand products and services, best-practices operations, and the guidance and expertise to achieve business objectives. BISYS� proven technology and business leadership are why its core information processing platform is the only one endorsed by the American Bankers Association (ABA), through its Corporation for American Banking (CAB) subsidiary, as the recommended solution for community banks. For more information, visit http://www.bank.bisys.com.
The BISYS Group, Inc. (NYSE: BSG) provides outsourcing solutions that enable investment firms, insurance companies, and banks to more efficiently serve their customers, grow their businesses, and respond to evolving regulatory requirements. Its Investment Services group provides administration and distribution services for mutual funds, hedge funds, private equity funds, retirement plans and other investment products. Through its Insurance Services group, BISYS is the nation�s largest independent wholesale distributor of life insurance and a leading independent wholesale distributor of commercial property/casualty insurance, long-term care, disability, and annuity products. BISYS� Information Services group provides industry-leading information processing, imaging, back-office operations, and imaged payment solutions to financial institutions and major corporations. Headquartered in New York, BISYS generates more than $1 billion in annual revenues worldwide. Additional information is available at http://www.bisys.com.
About Hyland Software
Hyland Software, established in 1991, is a leading U.S. provider of rapidly deployable enterprise content management software. Hyland develops OnBase, enterprise-class software that combines integrated document management, business process management and records management in a single application. OnBase allows organizations to manage digital content, including scanned paper documents, faxes, print streams, application files, electronic forms, web content, multi-media files and emails. OnBase also authorizes organizations to automate business processes, reduce the time and cost of performing important business functions, improve organizational efficiency and address the need for regulatory compliance through the management, control and sharing of digital content with employees, business partners, customers and other constituencies. Visit www.onbase.com for more information.