Xenos infoWEB System Assisting St. James’s Place

9 September 2006

Xenos, a leading provider of solutions that capture, transform, transport and present electronic data and documents, today announced that financial services provider St. James’s Place Group has purchased its infoWEB software to electronically present commission statements to its 1,170 partners across the UK.

infoWEB has enabled St. James’s Place to turn off its paper-based statement system, and provide partners with the ability to interact with this new improved data.

Currently, the SJP Partner receives a monthly commission statement detailing the transactions from the sale of St. James’s Place products and services including investment, protection and pension plans. A typical statement can be in excess of 30 to 50 pages in length.

“infoWEB provides real value to our partners,” explains the Head of Division - Partnership Accounts & Recruitment at St. James’s Place, Mike Karn. “The statements are generated by infoWEB in PDF format and accessed directly from our server via our extranet.”

In addition the Xenos Professional Services team has tailored the infoWEB product to enable partners and St James’s Place account teams to export the information into Microsoft Excel to incorporate in their own reports.

As a result of using infoWEB St. James’s Place has been able to turn off the paper-based system, reduce overheads and expects to see a decrease in the number of statement enquiries from partners.

“infoWEB creates a truly self-service environment for St. James’s Place, making it far easier to interact with the data in often lengthy commission statements,” says Managing Director EMEA at Xenos, Jeff Mills.

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