Printer Friendly
The Free Library
14,764,589 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Crowe Chizek Selects Corticon as Their Standard for Business Rules Management; Corticon Enhances Crowe Chizek's Straight Through Processing Solution for Risk Management and Compliance in Financial Services.


INDIANAPOLIS & SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif. -- Corticon(R) Technologies, a leading provider of business rules management software, today announced that Crowe Chizek Crowe Chizek and Company LLC is a professional services firm, with offices throughout the eastern United States, including Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, New Jersey, Ohio, and Tennessee.  and Company LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 has selected Corticon as the integrated Business Rules Management System (BRMS BRMS Business Rule Management Systems
BRMS Backup and Recovery Media Service
BRMS Backup Recovery and Media Services
) for Crowe's Straight Through Processing In financial technology, the ability to process a stock transaction by computer from beginning to end without manual intervention at any of the stages.  (STP STP or standard temperature and pressure, standard conditions for measurement of the properties of matter. The standard temperature is the freezing point of pure water, 0°C; or 273.15°K;. ) solution. Crowe Chizek is a part of Crowe Group LLP LLP - Lower Layer Protocol , one of the top 10 public accounting and consulting firms in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . In selecting Corticon, Crowe Chizek cited its ability to enable quick, safe, and accurate changes to customers' business rules and processes. E[acute accent acute accent
n.
A mark (´) indicating:
a. that a vowel is close or tense, as é in French été.

b. that a vowel or syllable has a high or rising pitch, as in Chinese or Ancient Greek.

c.
]Crowe Chizek's STP solution is designed to increase the amount of automation in core 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.
 processes such as commercial loan processing. Crowe's STP reduces the time-to-completion and cost-to-completion for work through core bank processes while it reduces error rates and increases customer satisfaction through faster, more reliable processing and approval cycles. Financial services organizations have chosen Crowe Chizek's STP solution so they can gain these operational benefits while simultaneously ensuring that they address operational risk issues such as compliance. Automation of business decisions is a cornerstone to process automation. Crowe Chizek's STP solution utilizes Corticon's Business Rules Management System to automate and manage the business decisions and rules that underlie an organization's processes. E[acute accent]"Corticon is the natural choice for business rules management in our Straight Through Processing solution," said Rory McClure, executive of Crowe Chizek. "Business rules are 1 of the 5 key technology pillars in our STP solution. Business agility and control were key criteria, and Corticon was rated best at safely enabling fast and accurate change in our customers' business rules and processes. As we assessed alternatives, Corticon was the product that our business users found was the easiest to use." E[acute accent]Ranked recently by Gartner in the leader quadrant for business rules management software, Corticon enables business users to create rules using spreadsheet-like models instead of programming code. Corticon is the only business rules management software that provides friendly tools for the business user to analyze the integrity of business rules, find missing business rules, and help eliminate conflicting business rules. As financial institutions and businesses rely more on automation, the demand for business rules management software that business users can control with minimal IT support is increasing. E[acute accent]Corticon's software solution has delivered measurable results in reducing operational costs and risk as well as in increasing organizational agility. In recent projects, this has translated into a ten-fold average reduction in development costs for business decision logic, a ninety-five percent reduction in coding errors, and reducing elapsed e·lapse  
intr.v. e·lapsed, e·laps·ing, e·laps·es
To slip by; pass: Weeks elapsed before we could start renovating.

n.
 time-to-market by eighty-five percent. On a dollar basis, reduced cost-per-transmission has amounted to over $10 million annually while reduced time-to-market and cost per change has amounted to savings of over half a million. A decrease in coding errors has saved as much as $6.5 million annually for clients. E[acute accent]"Our selection by Crowe Chizek as an integral part of their Straight Through Processing solution is particularly rewarding because we were selected after a very thorough competitive analysis," said Mark Allen Mark Allen is the name of:
  • Mark Allen (triathlete)
  • Mark "Bull" Allen (All Black), rugby football representative
  • Mark Allen (software developer)
  • Mark Allen (snooker player)
  • Mark Allen (Mayor, Peoria Heights Illinois)
, co-founder 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.  of Corticon Technologies. "Our new collaboration has already realized field-level success, helping Crowe Chizek win new projects, including major banks on the East Coast."

E[acute accent]About Crowe Chizek -- Under its core purpose of "Building Value with Values(r)," Crowe Chizek and Company LLC (www.crowechizek.com) provides innovative business solutions in the areas of assurance, benefit plan services, financial advisory, forensic services, performance services, risk consulting, and tax consulting. Crowe Chizek, a Crowe Group LLP entity, was founded in 1942. One of the top 10 public accounting and consulting firms in the United States, Crowe also serves clients worldwide as a leading independent member of the Horwath International global professional services organization.

E[acute accent]About Corticon Technologies, Inc. -- Corticon's Business Rules Management System (BRMS) helps organizations eliminate their policy-execution gap; the gap between what executives need to happen ("policy") and what actually occurs ("execution"). Many of the world's most successful organizations rely on Corticon-powered solutions to eliminate operational risk, reduce operational cost, and improve operational agility. Corticon's patent-pending BRMS delivers the industry's only business rules modeling, analysis, and automation that can ensure the consistent, efficient, and reliable execution of a company's business rules and policies. Unlike competitive products that require skilled programmers, Corticon BRMS is as easy to use as a spreadsheet, thus empowering business users and lowering total cost of ownership. Acknowledgement of Corticon's industry-changing solution includes Gartner's positioning of Corticon in the Leaders' Quadrant of the Magic Quadrant for Business Rules Engines, 2005. E[acute accent]To learn more about Corticon's products, customers, and partners, visit us at www.corticon.com or contact us at 1-650-212-2424.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Comment:Crowe Chizek Selects Corticon as Their Standard for Business Rules Management; Corticon Enhances Crowe Chizek's Straight Through Processing Solution for Risk Management and Compliance in Financial Services.
Publication:Business Wire
Geographic Code:1USA
Date:Oct 17, 2005
Words:783
Previous Article:Idaho Teachers Receive $50,000 in Additional Grants from Qwest to Support Innovative Uses of Technology; Teachers Must Apply for New Qwest Foundation...
Next Article:DataPath Announces $96 Million Army Contract; U.S. Army Communications-Electronics Command Taps Leading Global Telecommunications System Integrator.
Topics:



Related Articles
The case for non-CPA ownership: a roundup of practitioners' opinions on why change is needed.
How to hire Ms./Mr. right. (accountant recruiting)
Volunteer to enhance your career and the profession.
Filing carryback claims for consolidated groups.
IRA rollovers of S Stock.(S corporations)
Alert for consolidated return filers.
HandySoft integrates with Corticon. (Strategic Alliance).(Brief Article)
Nara shares fall as auditor opts out.(Investments & Finance)(Nara Bancorp Inc.)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles