ABN AMRO Selects TOWER Technology for Electronic Document Management for Support of their New Strategy.Business/Technology Editors BOSTON--(BUSINESS WIRE)--Sept. 17, 2002 Software for Electronic Document and Content Processing Provides Secure Infrastructure for ABN AMRO ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank) Trust, Member of International Banking Giant TOWER Technology, a leading provider of infrastructure software for document and content processing, has been awarded a prestigious contract by ABN AMRO Trust for the automation of the document management for both internal and external use. The agreement involves the implementation of TOWER IDM (1) See identity management. (2) (Integrated Device Manufacturer) A company that performs every step of the chip-making process, including design, manufacture, test and packaging. Examples of IDMs are Intel, AMD, Motorola, IBM, TI and Lucent. (TM) - including Web-based facilities - in the offices of ABN AMRO Trust around the world. The contract is the result of a full tender process and a successful pilot and provides for the phased implementation of TOWER IDM. In 2003 all Trust offices will have the advanced facilities. TOWER IDM provides the Trust offices with scalable, Web-enabled, document processing Processing text documents, which includes indexing methods for text retrieval based on content. See document imaging. system and electronic content repository for managing all forms of unstructured and structured documents. "TOWER supports our goal to enhance our existing document processing infrastructure and expand our client interface system and service. The implementation of TOWER IDM will be of great value to our clients. We can now provide our clients with an even higher quality of service, security and possibilities for future new products and services," says Jos Kallen, head of ABN AMRO Trust. "We are extremely happy with ABN AMRO Trust's choice, " says Steve Naylor, vice president EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. marketing of TOWER Technology. "ABN AMRO Trust is a respected and well-known name around the world. The agreement shows that our software and expertise is key in providing the eBusiness infrastructure ABN AMRO Trust requires to more effectively and efficiently manage the massive volume of documents internally and externally. Furthermore, it gives ABN AMRO Trust the capability to deliver the optimum service and security to their clients. The agreement is a major one and is the first in the Netherlands." The ABN AMRO contract is in line with a similar decision by Riggs Bank Riggs Bank was a Washington, DC-based commercial bank with branches located in the surrounding metropolitan area and offices around the world. For most of its history, it was the largest bank in the nation's capital. UK. Riggs Bank identified the need to develop a Private Trust and Private Banking solution that would incorporate the functionality to handle relationship and portfolio management, order routing, 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. , accounting and settlement all within a Straight Through Processing In financial technology, the ability to process a stock transaction by computer from beginning to end without manual intervention at any of the stages. environment. TOWER IDM was directly integrated in the CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. and the accounting systems, liberating employees from many low added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
About ABN AMRO ABN AMRO Trust is part of the ABN AMRO network. With worldwide over 3400 offices and 110.000 employees in over 60 countries and total assets of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 597.7 billion, ABN AMRO is one of the largest international banks in the world. ABN AMRO Trust has activities in 9 countries including Aruba, British Virgin Islands British Virgin Islands A British colony in the eastern Caribbean east of Puerto Rico and the U.S. Virgin Islands. Road Town, on Tortola Island, is the capital. Population: 21,700. Noun 1. , Cayman Islands, Hong Kong, Jersey, The Netherlands, The Netherlands Antilles and Switzerland. About TOWER Technology TOWER Technology is the leading provider of infrastructure software for high-volume document and content processing. TOWER specializes in the development and deployment of applications to capture, store, retrieve, process and archive business-critical information. TOWER solutions enable businesses to efficiently deploy high-volume back office processes that can integrate with legacy data and Web applications, in an environment that can be easily configured for full disaster recovery and business continuity. The result is increased revenue and profitability, improved transaction times, enhanced customer satisfaction and reduced operational expenses. TOWER has a proven track record of delivering business-critical solutions on time and on budget to global Fortune 1000 customers, including industry giants in Financial Services and Insurance. TOWER maintains sales and support offices in North America, Europe and Australia. For more information, contact TOWER Technology at 617-236-5500, e-Mail: inquiry@towertech.com or visit their Web sites at www.towertech.com and www.webcapture.biz. |
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