Thomson Financial, an operating unit of The Thomson Corporation (NYSE: TOC; TSX: TOC), and leading provider of information and technology solutions to the worldwide financial community, has announced that Daiwa Securities SMBC Co. Ltd. will implement Thomson ONE Investment Banking, a comprehensive business solution for investment bankers.
By introducing a consolidated database and operating environment, Daiwa Securities SMBC will improve its coordination and efficiency and thereby provide a higher added value service to clients.
After evaluating a number of different solutions, the company selected Thomson ONE Investment Banking because it offered the most comprehensive support for its investment banking workflow.
The prime considerations in selecting Thomson ONE Investment Banking were the commitment that Thomson Financial has made to the Japanese market, notably through the release of its Japanese language desktop solution, Thomson ONE Japan, its extensive track record of successful solution implementations worldwide and its market leading global content.
Mr. Teruaki Ueda, Managing Director of Daiwa Securities SMBC, Head of Investment Banking, commented, âIn the past, we have performed multifarious analyses in the course of an investment banking project, but the entire process, through to the reporting phase, required a tremendous amount of time. In order to maintain top competitiveness in the global investment banking market, it is extremely important to systematize this processing cycle, improve the quality of the entire organizational structure and make it more efficient. Therefore we thought it was important to find ways to minimize the amount of âmechanicalâ processing activity our staff are required to perform, allowing them to focus on developing proposals and other activities that can truly add value and enhance the competitiveness of our business. By introducing Thomson ONE, with its standardized workflow and full range of consulting features, we expect that we will be able to achieve our goals more quickly.â
Takashi Satoh, Sales Director, Thomson Financial Japan, commented, âWe are delighted that Daiwa Securities SMBC has chosen Thomson ONE Investment Banking to help improve the efficiency of its operations and drive expansion of its investment banking business. Thomson ONE Investment Banking was designed by bankers to meet the needs of the corporate finance community. It is the only integrated solution that provides all the necessary financial content configured to embrace the entire work flow of the investment banker.â
Following the successful introduction of Thomson ONE Investment Banking , Daiwa Securities SMBC is considering the possibility of step-by-step introduction across its global operations .