Thursday, December 15, 2005

Consolidate Multiple Disparate Document Archives

Xenos Group, Inc a leading provider of high-performance data, document and delivery solutions for eAdaptability, has unveiled the Oracle Asset Vault solution for financial services organisations at the Documation UK Storage Expo Show, Olympia, London.

The Asset Vault solution is an offering from Oracle and Xenos comprising Xenos d2e Vision software residing on Oracle Application Server 10g. It enables organisations to load, update and consolidate multiple disparate document archives into a single, high volume, high performance, Oracle database10g without changing existing legacy applications.

This enables customers, CSAs, agents and financial advisors to have Web access to multiple systems with dynamic retrieval and view customer documents such as statements, cheque images, signatures, invoices, policies and correspondence, as well as access to XML-enabled e-business applications.

“Cost reduction, the need to retire old legacy systems following M&As and the desire for faster, simpler access to customer information are key drivers for financial services organisations.

These factors are putting document and information management high on their IT agendas,” said Nicola Toombs, banking director at Oracle UK. “Oracle and Xenos are enabling financial services institutions to consolidate and streamline disparate document and image archives, while simultaneously allowing them to meet regulatory compliance requirements.

By improving how customer data is managed and accessed, firms can better comply with Sarbanes-Oxley, as well as FSA initiatives such as ‘Treating Customers Fairly’ and ‘Know Your Customer’.”

Peter Simpson, financial services business development manager, Xenos UK, stated, “Xenos and Oracle will provide the state-of-the-art Asset Vault solution to help address the complex requirements of large banking, credit card, insurance, brokerage and telecommunications companies for streamlined business processes to provide consolidated information from multiple disparate archives – and reduce the costs associated with maintaining multiple silos of information.

The Oracle Asset Vault solution with Xenos d2e Vision is designed to provide extremely high-speed, high-volume statement archiving and statement presentment in the formats customers require.”

Written 100% in Java, Xenos d2e Vision meets the scalable high-volume performance requirements of large and mid-size enterprises, by providing flexible electronic content management, archiving and dynamic e-business Web document presentment solutions with data extraction, document separation, transformation and repurposing capabilities.

Xenos d2e Vision version 2.1 processes IBM AFP and Xerox Metacode/DJDE printstreams, PDF documents and TIFF files to generate PDF, HTML/CSS, Image, TIFF, AFP, Metacode and XML output formats for critical e-business applications such as customer statement presentment.

Rapid application development with d2e Vision Developer Studio enables higher productivity and faster return on investment. Xenos d2e Vision version 2.1 runs on Windows NT/2000/XP, AIX, HP-UX, Linux, Solaris and IBM z/OS (running Unix Systems Services) with JVM 1.4.x.

Oracle (NASDAQ: ORCL) is the world’s largest enterprise software company.

For more information visit www.oracle.com

Xenos has provided data and electronic document transformation solutions for over 20 years. Its solutions are embraced worldwide, across a wide variety of industries, including healthcare, financial services and government.

Xenos improves the efficiency of information and data management while preserving investments in existing IT infrastructure, systems, applications and procedures. Its solutions provide the capture, composition, transformation, enhancement, repurposing, storage, retrieval and distribution of documents across the enterprise.

Xenos data solutions are used to integrate incompatible applications, business processes, enterprise systems, partners, structured data, databases and Web services. Its product offering includes Xenos d2e, Xenos infoWEB, Xenos terminalONE and GoXML. Xenos has offices in Canada, the United States, the United Kingdom and France. Xenos trades on the Toronto Stock Exchange under the trading symbol “XNS.”

For more information visit www.xenos.com

http://www.s-ox.com/news/detail.cfm?articleID=1403

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http://biz.yahoo.com/prnews/051214/sfw042.html?.v=38

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