Wealth Management Software launches business process management and document management division

Wednesday 19 January 2005

Following its recent acquisition of Genisys Technology Ltd, Wealth Management Software plc (WMS) is pleased to announce the launch of its new business process management and document management software division.

The new division will provide a full range of services. On the document management side (through the Genisys product) it will provide consulting on software selection and implementation with the provision of a scanning service to convert hard copy files to an electronic document warehouse.

On the business process management side WMS has developed a groundbreaking new solution called LISA® Orchestrate which can be utilised in almost any industry sector and has already been installed in five client sites in just three months.

LISA Orchestrate features:

- A Business Process Design and Deployment Tool - enabling the user to map out a particular business process such as complex statement production in the banking world or extracting patient information from various disparate software systems in the healthcare sector. LISA® Orchestrate locates the desired information or data from multiple sources meaning that previously complex and time consuming business process can be executed from a single request from there onwards.

- A Report Designer - ability to extract information and data from multiple sources from a pre-defined business process (executed via the Business Process Design and Deployment Tool). A report can then be compiled using the different sources of information and data with a 'drag and drop'

- Electronic Document Repository - Tightly integrated to the report designer it provides an 'electronic document library' which is securely available to employees with authorised access in whatever format they require.

Commenting on the launch of the new division, Paul Foll, Group Sales Director of WMS said:

'Twelve months ago WMS set out to acquire a document management software company in order to expand our knowledge base and grow our revenues in this rapidly expanding market sector'

'With Genisys, we are able to add their very well established Visual Basic document management product line to our new 100% .NET solution. Genisys is offered at a very competitive rate, can boast over 200 satisfied users and can offer real benefit to any organisation that deals with large volumes of documentation by converting it to electronic format. Coupled together with our new business process management solution LISA ® Orchestrate, these products gives us the ability to accommodate all areas of this market within many, many different industry sectors'.

Foll continued:

'Another unique aspect of the new division is that the Genisys solution is also marketed and sold via third party software distributors as well as directly to end users. This was a logical conclusion to reach as niche software houses have better knowledge of their vertical markets and clients and how they can benefit from electronic document management. With this, WMS welcomes interest from both end users and potential distributors'

Foll concluded:

This is a very exciting time for WMS, aside from offering generic business process and document management solutions to the wider market we are also launching a separate product line and service in this area to our existing client base.'

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