[0] GovConnect Processes 600,000 Web Filings for Government Agencies in First Half 2000.Business Editors/High-Tech Writers CINCINNATI--(BUSINESS WIRE)--July 17, 2000 Web-Enabled Applications Dramatically Improve Service Levels and Deliver Significant Cost Savings to the Agency GovConnect (Nasdaq:REGI REGI Raptor Education Group Inc (Wisconsin) ), the leading provider of electronic access and transactions for government agencies, announced that in the first six months of 2000 the organization processed more than 600,000 Web-enabled tax documents filed by businesses and citizens directly over the Internet. GovConnect processed the tax returns from their application service provider (ASP) facility in Cincinnati, which was designed to meet the specific needs of state, local and federal government agencies for processing electronic government transactions in a multi-access environment. The facility supports secure Internet and automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. voice response applications in a fault tolerant The ability to continue non-stop when a hardware failure occurs. A fault-tolerant system is designed from the ground up for reliability by building multiples of all critical components, such as CPUs, memories, disks and power supplies into the same computer. , high capacity data center. "Our announcement today validates that states are increasingly utilizing Internet-filing options for the convenience of both businesses and citizens and to reduce costs associated with traditional paper-filing methods," said Gene DeLucia, president of GovConnect. "As this trend continues to expand, Internet-filing of routine paperwork will reshape how government agencies interact with their constituents, providing higher levels of service and accuracy and eliminating long lines In communications, circuits that are capable of handling transmissions over long distances. ." GovConnect develops and supports a full range of Internet-enabled transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. programs and automated voice response programs for transaction processing that utilize a standard telephone. States such as Maine, Minnesota, Ohio, and South Dakota South Dakota (dəkō`tə), state in the N central United States. It is bordered by North Dakota (N), Minnesota and Iowa (E), Nebraska (S), and Wyoming and Montana (W). offer Web-enabled business tax filing while other states have developed additional programs including wage reporting in Wisconsin, licensing in North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. and paying traffic citations in California. Voice response programs are being utilized for Medicaid eligibility in Minnesota, child support inquiries in Massachusetts and continued claims in West Virginia West Virginia, E central state of the United States. It is bordered by Pennsylvania and Maryland (N), Virginia (E and S), and Kentucky and, across the Ohio R., Ohio (W). Facts and Figures Area, 24,181 sq mi (62,629 sq km). Pop. . "Our key measurement of program success is how quickly an agency experiences an increase in the amount of electronic participation in a program and the number of people who choose the new electronic options instead of traditional paper based processing," said Jeff Ficke, senior vice president of strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. at GovConnect. "We have documented agencies achieving participation rates between 30 percent to 70 percent immediately, resulting in dramatically improved service levels and significant cost savings for the agency." By hosting applications and resources on GovConnect's secure servers, government agencies dramatically reduce the costs associated with infrastructure and system development and upgrading, as well as the challenges of maintaining expensive IT staffing. Additional hard and soft savings can be realized by a reduced number of errors associated with manual data entry, accelerated processing and delivery of service, utilizing updated databases, reducing demands on staff and reduced postage POSTAGE. The money charged by law for carrying letters, packets and documents by mail. By act of congress of March 3, 1851, Minot's Statute at Large, U. S. 587, it is enacted as follows: 2.-Sec. 1. and handling costs. About GovConnect With 22 years of experience, GovConnect is the leading provider of electronic access solutions for government agencies. Through an installed base of electronic solutions in 34 states, GovConnect has helped governments automate and process 97 million transactions and collect over $20 billion in revenues -- this represents over 500 years of time if handled by the traditional paper and walk-in service methods. GovConnect is based in Cincinnati, with operations in Exeter, N.H., and Waltham, Mass., as well as call centers in various locations. The company is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Renaissance Government Solutions, a division of the public company Renaissance Worldwide, Inc. (Nasdaq:REGI), which remains a major investor in GovConnect. More information can be found at http://www.govconnect.com. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve a number of risks and uncertainties that could cause actual results to differ materially from those indicated by such forward-looking statements, including availability of qualified consultants, integration of acquisitions, ability to sustain and manage growth, as well as the factors set forth in the Company's filings with the Securities and Exchange Commission. Note to Editors: Renaissance, Renaissance Worldwide, GovConnect and Concept-to-Completion are trademarks of Renaissance Worldwide, Inc. Other product and brand names are trademarks of their respective owners. |
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