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Midas-Kapiti International (MKI) launched its new Webform reporting tool on the company’s Stand, No. B30, at last week’s RBFT 2001 show at Olympia. Webform, which is a fully integrated component of Equation DBA, MKI’s universal banking solution, enables any reports produced by the system to be viewed in browser format or downloaded directly into a spreadsheet. The new reporting tool also allows both management and statutory reports to be distributed via a web browser using ‘thin client’ technology, thus reducing the costs involved in hardware and software purchase.

Colin West, MKI’s Product Marketing Manager for the Equation Core System, comments, "Webform has been designed to address many of the reporting requirements not generally met by standard system software. For instance, there is often a need to merge data from a number of different reports to produce a consolidated view of a bank’s business. Traditionally, this has involved a series of data extracts, cut-and-paste or re-keying of data, creating opportunities for error."

"Webform provides Equation with a unique Web-based desktop reporting tool, which is fully integrated with the system and provides access to information in a wide variety of formats," he continues.

Whenever an Equation report is run, Webform automatically converts the report data into a series of files. The processed information can then be presented in a format of the user’s choice for viewing or further analysis. These formats include HTML, allowing reports to be viewed or distributed using a web browser, Excel spreadsheets, or database files such as Access for multi-dimensional views of the data.

Colin West points out, "Webform can also be used to simplify the process of combining data from multiple sources, for carrying out further analysis and processing, as well as presenting the results in report format. For example, a bank may wish to import a deal file from an external derivatives processing package and consolidate the information with data held in Equation to obtain an overall view of a client’s or department’s activities."

Webform is an optional feature of Equation’s Core Management system and resides on IBM’s eserver iSeries (AS/400) processor, which provides an ideal web server for access to, or delivery of reports. Since Webform is pre-programmed with the full description of all user-defined codes within Equation, these descriptions are included in the data as it is converted to HTML or Excel spreadsheet format. So when a report is reviewed within Excel, for example, meaningful descriptions are included in both column headings and the spreadsheet data.

In addition to its launch at the RBFT show, Webform is being presented to existing Equation users at a series of User Group meetings taking place in New York and London in February and March respectively, followed by rollout to MKI’s global branch network and customer base. The software is currently undergoing first delivery testing and will be available on general release at the end of Q1 2001.

Colin West ends by saying, "Webform adds an additional layer of intelligence to standard Equation reporting and automates the process of delivering report information to the desktop. As well as being flexible, easy to use and cost-effective to deploy, Webform is also an invaluable tool for combining information from external systems with Equation statistics, such as those produced by the system’s new Profitability Analysis application."