AXS-One Inc.AXS-One Inc. is offering the AXS-One Compliance Platform 3.5 with Rapid-AXS, a product the Rutherford, N.J.-based technology firm says provides a single, integrated solution designed to capture, index, archive, manage, search and audit all electronic records, regardless of type. This includes emails, instant messages, images and reports created by enterprise software provider SAP AG (company) SAP AG - (Systeme, Anwendungen, Produkte in der Datenverarbeitung - German for "Systems, Applications and Products in Data Processing") A company from Germany that sells the leading suite of client-server business software. The US branch is called SAP America. . Company executives say that the volume growth of emails and other electronic communications has vastly outpaced expectations, and that many organizations are literally drowning in them. Analysts have predicted that the average number of emails sent daily around the world will hit 36.2 billion this year. The AXS-One Compliance Platform, the company says, incorporates compliance features for such regulations as the Sarbanes-Oxley Act See SOX. , HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, , SEC 17a-4, Gramm-Leach-Bliley and the Patriot Act Patriot Act: see USA PATRIOT Act. . Marie-Charlotte Patterson, a marketing vice president for AXS-One, says the firm, founded in 1979, has morphed from selling back-office solutions for paper-intensive areas such as accounts payable and accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying into a concentration on archiving. "We've been retaining electronic corporate records in large quantities for years," going back to an archiving project the company did for Salomon Brothers
Salomon Brothers was a Wall Street investment bank. in the early 1990s, she said in an interview. Patterson says the company realized that email controls had to be addressed in terms of compliance, not just mailbox management. It concentrates on workflows and specific periods, and can even capture a string of instant messaging Exchanging text messages in real time between two or more people logged into a particular instant messaging (IM) service. Instant messaging is more interactive than e-mail because messages are sent immediately, whereas e-mail messages can be queued up in a mail server for seconds or communications between workers as a "conversation," she says. Customers can query those records and bring up the results in a matter of seconds, she adds. The court verdict against Morgan Stanley last year has pointed out the vulnerabilities that many companies face in the area of electronic discovery of emails, and the implementation of archiving and control systems is really as much about risk management as anything else, Patterson says. Web: www.axsone.com |
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