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Document management. (Technology Tools).


Immediatech Corp., a provider of electronic document management solutions for financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
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 organizations, has entered into a business partner program that enables firms to provide GoFileRoom document outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management.  services to their clients. As GoFileRoom partners, firms will be able to tap into the lucrative document outsourcing market, calculated by CAP Ventures Research to reach $54 billion this year and to keep growing at an annual rate of 19 percent.

"Large corporations are going paperless, but most mid- and small-sized companies are still running paper-based operations, with an inordinate amount of time spent filing and retrieving paper documents," said Joe Harpaz, chief technology officer and co-founder of Immediatech, based in Englewood Cliffs, N.J. "As GoFileRoom partners, firms can develop a new revenue stream by enabling their clients to outsource the burden of purchasing, maintaining and supporting a document management system."

GoFileRoom is a Web-hosted service that enables companies to store both paper and electronic documents of any size within a virtual, online filing cabinet from which they can be instantly retrieved anytime and anywhere via an easy-to-use browser browser

Software that allows a computer user to find and view information on the Internet. The first text-based browser for the World Wide Web became available in 1991; Web use expanded rapidly after the release in 1993 of a browser called Mosaic, which used
 interface. The service can be deployed rapidly and is completely scalable, with no limitation on the number of documents or users.

Costs of becoming GoFileRoom partners are minimal, Immdiatech says, because it takes complete responsibility for implementing and maintaining the data center, servers and user interface. Immediatech also provides partners with sales, marketing and technical support.

Because all files are maintained at a secure off-site location, GoFileRoom provides a level of redundancy and backup not available with paper-based systems. For maximum security, access to the service is provided via user name and password authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC.

(2) Verifying the identity of a user logging into a network.
, as well as 128-bit SSL (Secure Sockets Layer) The leading security protocol on the Internet. Developed by Netscape, SSL is widely used to do two things: to validate the identity of a Web site and to create an encrypted connection for sending credit card and other personal data.  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. .

Web: www.Immediatech.com
COPYRIGHT 2003 Financial Executives International
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Financial Executive
Date:Jul 1, 2003
Words:282
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