Champion Mortgage Says Yes to mxConnect; Retail Home Equity Lender will Save Money and Time by Automating IT Outsourcing Process.Business Editors PRINCETON, N.J.--(BUSINESS WIRE)--April 13, 2000 Mirronex Technologies, Inc., a provider of e-commerce solutions for the IT outsourcing process, today announced that Champion Mortgage, known for its "When Your Bank Says No, Champion Says Yes(R)" advertising campaign, chose Mirronex mxConnect to automate its IT vendor and consultant management process. With mxConnect, Champion will leverage the Internet to integrate the entire process for finding, hiring, managing and paying its IT vendors and consultants. Lending over $1.2 billion in the past year, Champion is one of the largest retail home equity lenders, with plans of national expansion in the near future. Champion was looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a secure, functional web-based workflow platform to standardize stan·dard·ize v. 1. To cause to conform to a standard. 2. To evaluate by comparing with a standard. its workforce of IT consultants. "As a financial institution, security was our main concern. mxConnect's role-based access, digital certificates and encryption The reversible transformation of data from the original (the plaintext) to a difficult-to-interpret format (the ciphertext) as a mechanism for protecting its confidentiality, integrity and sometimes its authenticity. Encryption uses an encryption algorithm and one or more encryption keys. features gave us the highest standards of security that we needed before taking this process to the Web," said Assistant Vice President of Business Analysis and Business Management, Alak Das. "With mxConnect we will eliminate costs and save time by linking our finance, procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. and HR departments into one large electronic network with our staffing vendors and consultants to manage requisitions, timesheets and back-end invoicing." mxConnect is an e-commerce hub that brings information and control to outsourcing through evaluation, requisitioning, monitoring, billing and payment. It is a flexible application that can be customized to map a client's internal workflow process and integrated to any 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. system. Built around XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. (extensible Markup Language See XML. (language, text) Extensible Markup Language - (XML) An initiative from the W3C defining an "extremely simple" dialect of SGML suitable for use on the World-Wide Web. http://w3.org/XML/. ), Mirronex solutions are entirely server side to eliminate the need for software installations, upgrades and maintenance. mxConnect allows clients to outsource a complex business process without losing access or control and creating a collaborative online environment for all members of the IT outsourcing supply chain. "We are delighted to have Champion Mortgage as a client," said Mirronex 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. Sonny son·ny n. pl. son·nies Used as a familiar form of address for a boy or young man. [Diminutive of son. Injaty. "When we launched mxConnect in January we received a tremendous response to our plans for an Internet hub for IT services. It is no surprise that Champion, a leader in its use of technology, should recognize the value mxConnect brings to IT." About Mirronex: Mirronex is the leading provider of comprehensive business-to-business e-commerce solutions to improve the IT outsourcing process for clients and staffing vendors. Founded in 1996, Princeton-based Mirronex is led by an experienced management team and an advisory board of thought leaders focused on designing and developing e-commerce applications that radically improve business processes and generate cost savings. About Champion: Champion Mortgage, based in Parsippany, NJ, is one of the largest retail home equity lenders, with over 735 employees, servicing 17 states, and on a pace to lend $1.3 billion in 2000. For more information about Champion Mortgage and its loan programs, call 1-800-CHAMPION. |
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