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Centerprise Services to Appear in IBM Booth 2217 At SIA Industry Conference in New York.


Business Editors

NEW YORK--(BUSINESS WIRE)--June 17, 2002

Centerprise Services, Inc., an "ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer.  for the financial markets" technology software firm and an IBM-recommended operational risk solution, will be exhibiting at the Securities Industry Association's (SIA Sia (sī`ə) or Siaha (sī`əhə), in the Bible, family returned from the Exile.

SIA - Serial Interface Adaptor
) Technology Management Conference in IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries)  (NYSE NYSE

See: New York Stock Exchange
: IBM) booth number 2217.

The conference will be held June 19-21, 2002 at the Hilton New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 in New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
.

"The SIA conference in New York combined with IBM's invitation to participate in their upcoming `Operational Resilience' conference program in the UK represent major opportunities to further strengthen our efforts in delivering an operational risk management solution," said Jonathan Pruett, Centerprise's vice president, sales and marketing.

IBM has been working with Centerprise on the best use of IBM technology for the development of an integrated solution for operational risk.

OpRiskCenter(TM), one of 13 modules that comprise CenterSphere(TM), an enterprise management system developed specifically by Centerprise for the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 industry, and in particular, for the wholesale capital markets sector, is an operational risk management solution built on an enterprise-wide organizational, process and data management foundation.

It brings together in a single framework four elements needed for a strong operational control environment:
- Operational risk management functionality, including control self assessment
tools, loss event capture, operational risk analytics, key risk indicator
classification and reporting

- Organizational management and accountability definition, which enables users
to manage and define roles, staff assignments and detailed responsibilities

- Business process management and audit trail, enabling your firm to define and
automate workflows, define escalation rules and use audit trail data for key
risk exposure metrics

- Data collection and monitoring, which supports software system inventory
management, data source definitions, data feed monitoring, and various data
transformations via message flows.


Information concerning Centerprise's participation in IBM's Operational Resilience program is available at www.euromoney.com/IBM-OR/index.html? (registration required).

About Centerprise

Centerprise is a technology solutions software and services company that offers a broad, integrated, yet modular enterprise management system developed specifically for the financial services industry and, in particular, for the wholesale capital markets sector. Their product suite, CenterSphere, designed from the ground up to facilitate the management and control of the financial enterprise, integrates all the key managerial disciplines into a single framework, achieving a new level of cost efficiency for the enterprise not previously possible.

At the same time, the framework is flexible; components can be implemented incrementally as needed as needed prn. See prn order. , including: organization and accountability management, portfolio (position) management, financial reporting (general ledger General Ledger

A company's accounting records. This formal ledger contains all the financial accounts and statements of a business.

Notes:
The ledger uses two columns: one records debits, the other has offsetting credits.
), enterprise-wide workflow process, market risk, credit risk and operational risk management, analytics, daily trading P&L reporting and attribution, customer relationship management, human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , legal and compliance, audit management, market and enterprise data and application integration management.

CenterSphere is the first enterprise system built specifically for the requirements of capital market organizations by capital market veterans.

The company is headquartered in Purchase, New York Purchase, New York is a hamlet of the town of Harrison, in Westchester County. Its Zip code is 10577.

Purchase is home to Purchase College, which is part of the State University of New York system, Manhattanville College, a private liberal arts college, and the headquarters
. For more information, visit www.centerprise.com.

--30--md/ny* csm

    CONTACT: Martinrabkin, Inc.
             Martin Rabkin, 845/425-1064
             mrabkin@optonline.net

    KEYWORD: NEW YORK
    INDUSTRY KEYWORD: ENERGY BANKING COMPUTER/ELECTRONICS NETWORKING
SOFTWARE
    SOURCE: Centerprise Services, Inc.
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Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 17, 2002
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