Hummingbird Deal Management solution supports investment banking

Hummingbird Deal Management solution supports investment banking



ISSUED BY: LIVEWIRED COMMUNICATION


[Johannesburg, 23 September 2005] - IA Systems has announced that Hummingbird Enterprise - an integrated enterprise content management platform - is ideal for the highly regulated and competitive banking industry which could improve customer responsiveness and shorten the deal cycle substantially.


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According to Daniel Hall, Chief Executive Officer of IA Systems, investment banks can leverage technology to make the deal management process far more efficient and at the same time provide an integrated work environment to create, manage and store deal-related content.


"Regulatory pressures are driving the adoption of deal management solutions, including industry voluntary regulations, securities trading commission regulations, national and regional consumer protection legislation and international directives.


"Regulations require broker-dealers to create and preserve a comprehensive record of each securities transaction they effect and of their securities business in general. These requirements are integral to the investor protection function because the preserved records are the primary means of monitoring compliance with applicable securities laws, including anti-fraud provisions and financial responsibility standards," says Hall.


Hummingbird Enterprise integrates with desktop applications including word processors, spreadsheets and graphics applications so documents can be easily saved to the deal management repository. The Hummingbird Enterprise system addresses the entire information lifecycle of deal-related documents.


"Hummingbird Enterprise T workflow helps streamline the management process associated with winning and significantly reduces the deal closing time by ensuring projects are on track and the proper approvals have been obtained," says Hall.


Investment banking is able to comply with the increasing regulatory requirements around investment deals, documents and records associated with such deals. Hummingbird Deal Management solution provides an end-to-end solution to support deal teams throughout the deal negotiations process.

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