Advanced Financial Solutions Reports Record Sales Growth in 1998; Orders Surpass $30 Million for First Time in Company History.OKLAHOMA CITY--(BUSINESS WIRE)--April 19, 1999-- Advanced Financial Solutions, Inc., an image-based software development and technology company, announced today a 76 percent gain in sales orders The sales order, sometimes abbreviated as SO, is an order received by a business from a customer. A sales order may be for products and/or services. Given the wide variety of businesses, this means that the orders can be fulfilled in several ways. for the year-ending December 31, 1998. Total sales orders in 1998 surged to $30 million, a first for the eight-year-old company. The figure reflects a healthy $6 million in orders slated for delivery this year. "We continue to make tremendous progress in leveraging and extending our imaging software products beyond our core financial business category, while at the same time experiencing growth on a worldwide basis in our products and services for banks and credit unions," said Gary Nelson
Gary Nelson today is a high-level NASCAR technical inspector. He previously was a major component in the DiGard Motorsports and Hendrick Motorsports teams. , president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Advanced Financial Solutions made significant inroads inroads Noun, pl make inroads into to start affecting or reducing: my gambling has made great inroads into my savings inroads npl to make inroads into [+ into the government and energy business categories with its recently introduced new image remittance Money sent from one individual to another in the form of cash, check, or some other manner. Financial statements sent by a creditor to a debtor frequently refer to the process of submitting a monthly remittance. REMITTANCE, comm. law. software program, AFS A distributed file system for large, widely dispersed Unix and Windows networks from Transarc Corporation, now part of IBM. It is noted for its ease of administration and expandability and stems from Carnegie-Mellon's Andrew File System. AFS - Andrew File System ImageRemittance(TM), which complements its AFS ImageVision(TM) item-processing program, and AFS ImageDepot(TM) archival, retrieval and storage program. Major sales for the year included new business with two major energy companies, Conoco and Diamond Shamrock shamrock, a plant with leaves composed of three leaflets. According to legend it was used by St. Patrick in explaining the doctrine of the Trinity; it is now used as the emblem of Ireland. An artificial or real shamrock leaf is customarily worn on St. Patrick's Day. . The company successfully expanded its government business, landing a major contract with the State of California Treasurer's office. "Financial institutions remain our core business market. Our extension into other business categories is being achieved without distracting our focus on the critically important financial institution market," said Nelson. "In that regard, we already have stepped up our initiative to more aggressively pursue opportunities for marketing and selling our suite of imaging software programs to large multi-billion-dollar financial institutions around the world." Advanced Financial Solutions is a leading developer and provider of check image, document image, image remittance and Internet technology to financial, government, energy, retail, insurance, utilities and securities firms. Worldwide, over 4,500 entities use Advanced Financial Solutions' AFS ImageVision, AFS ImageDepot and AFS ImageRemittance products and services. |
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