Bank of Montreal Selects Fraser Williams HORIZON Real Estate Management Software Solution.KING OF PRUSSIA King of Prussia, industrialized suburban area (1990 pop. 18,406), Montgomery co., SE Pa. It has glass and steel fabricating, food processing, printing and publishing, and varied manufacturing (textiles, liquified petroleum gas, water-treatment and electrical , Pa.--(BUSINESS WIRE)--Aug. 27, 1997--Bank of Montreal Of Montreal is an American indie pop band formed in Athens, Georgia, fronted by Kevin Barnes. It was among the second wave of groups to emerge from The Elephant 6 Recording Company. (NYSE NYSE See: New York Stock Exchange :BMO BMO Bank of Montreal (Canada) BMO Before Market Open BMO Biometrics Management Office BMO Ballistic Missile Office BMO British Mathematical Olympiad BMO Balkan Mathematical Olympiad BMO Business Management Office ), a highly diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment services institution, and one of the 10 largest banks in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. recently inked a contract to license the HORIZON(TM) real estate management software developed by Fraser Williams. This new initiative will include one of Bank of Montreal's group of companies, Chicago-based Harris Bank, a major U.S. Midwest financial institution. BMO's Corporate Real Estate Division took several initiatives over the past few years to transform from a reactive transaction- oriented approach to a proactive, asset and portfolio management orientation. Because current systems were not meeting their business demands, they prepared a strategic systems plan to identify the information technology requirements to meet their critical business needs. "The implementation of the HORIZON system is absolutely consistent with the BMO corporate strategy," stated Peter VanSickle, BMO's director of relationship management. "Particularly in regard to real estate services it will provide more intelligent reconnaissance with our database, and will allow us to more efficiently manage the day-to-day real estate activities, and as an added advantage, provide us with access to a much broader base than what we were able to access before." BMO's Corporate Real Estate Division is solely responsible for providing real estate services to the BMO group of companies worldwide. With assets of U.S. $118 billion and 1230 retail branches, BMO's real estate services include asset management, property and facilities management The management of a user's computer installation by an outside organization. All operations including systems, programming and the datacenter can be performed by the facilities management organization on the user's premises. , design services, project and construction management, property leasing, acquisition and disposal, and lease administration. "We looked for best in class," said Bill Eadie, systems project manager for BMO. "We are not interested in creating a proprietary system. We're interested in dealing with a vendor who will provide product enhancements well into the future and a company of sufficient scope to make the technology investments required to keep this product at the forefront of the industry." HORIZON is the most flexible and intuitive property management system on the market today offering a fully integrated solution that seamlessly interfaces to other products. The HORIZON product incorporates the latest in client/server architecture, Oracle relational database technology and graphical user interface graphical user interface (GUI) Computer display format that allows the user to select commands, call up files, start programs, and do other routine tasks by using a mouse to point to pictorial symbols (icons) or lists of menu choices on the screen as opposed to having to technology. Fraser Williams is a leading provider of integrated software solutions to the commercial real estate industry. With 18 years of experience in developing software for the real estate industry, and over 3,000 satisfied users, Fraser Williams employs over 600 professionals in 15 locations globally. CONTACT: Fraser Williams, King of Prussia Lisa J. Csernica, 610/768-7713 |
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