AXS-One Inc. (AMEX: AXO), a leading provider of high-performance records compliance management software solutions, today unveiled its most recent release of the AXS-One Compliance Platformâ¢, Version 3.5.5. The award-winning flagship product is a single integrated software platform and archiving repository designed to manage disparate electronic records, including e-mail and instant messages, regardless of originating platform. The new release, which will be generally available in November 2006, features a broad range of enhanced capabilities and new features designed to offer companies heightened risk management while maintaining the superior ROI customers expect from AXS-One.
Risk management is mission-critical in a business environment where compliance is a top priority: changes to existing statutes such as the Federal Rules of Civil Procedure in the United States , set to go into effect on December 1, 2006 , will require even greater alignment between the legal and IT functions. A new report from the Business Performance Management (BPM) Forum and sponsored by AXS-One, in partnership with Chief Executive Magazine and the IT Compliance Institute , underscores the complexities involved in this process: while a clear majority of CEOs and other senior executives say their attention to compliance issues has significantly increased in the past six years, more than 43% express concern that the failure to adequately archive and manage all electronic content represents a serious liability for their company. The functionality introduced in this release addresses these issues with new features specifically designed and developed to pro-actively manage the risks associated with growing volumes of disparate electronic records, while reducing both their associated litigation and operational costs.
âAs the only company with technology designed from the ground up to address the broad compliance issues associated with electronic records, we specialize in developing capabilities that not only meet current needs but also anticipate emerging requirements,â said Bill Lyons, CEO, AXS-One. âOur latest release of the AXS-One Compliance Platform, maintains that traditionâit includes significant new functionality that offers innovative solutions to address emerging IT issues that are stressing organizations' litigation support defenses, while continuing to enhance usability and cost containment. As compliance and risk management continue to dominate executive priorities, we believe this broad-based platform is the best technology an enterprise can implement to guarantee a solid line of defense.â
Functionality introduced in Version 3.5.5 includes:
Enhanced .PST management and File System Archiving:
AXS-One's approach to .PST management and File System Archiving not only leverages high performance, workflow-based processing, allowing for flexible, repeatable processing, which reduces storage and operational overheads, it also provides an auditable chain of custody. This helps ensure the irrefutability of all managed files, a critical factor in the event of litigation.
Active Case Management: Extending the Case Management functionality currently available in the AXS-One Compliance Platform, Active Case Management allows users to create manageable case files that can be automatically updated to respond to ongoing investigations, audits or legal proceedings.
Extended Supervisory Review: To help companies implementing NASD 3010 Broker Dealer Supervisory Review policies, AXS-One Supervision has been enhanced to provide an even greater level of support for enterprise-level requirements. The enhancements address high-performance, scalability and ease-of-use requirements for a broad range of electronic communication supervision issues (in addition to addressing corporate wide risk management).
Usability Enhancements: AXS-One Compliance Platform 3.5.5 offers native GUI-based interfaces for e-mail administrators so they can administer the system within their most comfortable operating environments, namely MS Exchange and Lotus Notes.
Installation and monitoring have been significantly enhanced, providing rapid installation and additional pre-configuration for the most widely implemented functionality:
e-mail archival, retention and case management. A new monitoring console also provides a single view of the running system, allowing administrators to set thresholds and notifications for system health parameters, and initiate specific actions on multiple components.
Pricing and Availability: The AXS-One Compliance Platform 3.5.5 is licensed according to the number of users supported, with scalable pricing reflecting the size of organization. AXS-One will offer the solution to new and existing customers directly and through strategic partners and resellers. This release is targeted for General Availability in November 2006.