ERAS Announces Latin American Branch, ERAS Mexico.Business Editors MIAMI--(BUSINESS WIRE)--March 18, 2004 Acquisition of Mexican software provider positions ERAS for further penetration of Central American Central America A region of southern North America extending from the southern border of Mexico to the northern border of Colombia. It separates the Caribbean Sea from the Pacific Ocean and is linked to South America by the Isthmus of Panama. market ERAS JV, LLP LLP - Lower Layer Protocol ., international bank software and solutions development company 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, announced the acquisition of Mexican software provider, I-Options. The acquisition resulted in the formation of ERAS Mexico, which will market ERAS' solutions throughout Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . Prior to being purchased by ERAS, I-Options aided in introducing and positioning ERAS' financial software solutions in Mexico, including implementing ERAS iPOD and iPOD Exchange Image Clearings solution for the Mexican banking system, CECOBAN. ERAS Mexico combines the companies' resources to expand outreach and marketing functionality. "ERAS has developed a reputation as a sophisticated and dependable technology company," said Carlos Espinoza, president, I-Options and ERAS Mexico. "ERAS' influence is sure to increase as we partner to make this branch the technology provider of choice throughout Latin America." Owned and managed primarily by bankers, ERAS offers a unique combination of PC platform technology and service bureau operations. ERAS Mexico will offer the company's suite of imaging and processing software to countries as far south as Venezuela. "ERAS understands the need for consistency and quality in products and services in the global market," said Carlos Rodriguez, executive vice president, ERAS. "Mexico's banking system has benefited from ERAS' imaging capabilities. With the added resources of I-Options, ERAS Mexico can extend the functionality implemented in Mexico to financial institutions throughout Latin America." The Mexican banking system implemented ERAS' browser-based image-clearing system in 2003 after the Mexican government instated its version of Check 21. With ERAS' technology, items are captured, stored and shared in a fraction of the time. Latin American countries List of American countries Nations:
"Central America Central America, narrow, southernmost region (c.202,200 sq mi/523,698 sq km) of North America, linked to South America at Colombia. It separates the Caribbean from the Pacific. is looking to Mexico as the model," said Espinoza. "These countries are eager to have similar ease of processing, and ERAS Mexico is eager to help them find it." ERAS Mexico will have locations in Mexico City Mexico City Spanish Ciudad de México City (pop., 2000: city, 8,605,239; 2003 metro. area est., 18,660,000), capital of Mexico. Located at an elevation of 7,350 ft (2,240 m), it is officially coterminous with the Federal District, which occupies 571 sq mi and Veracruz that offer ERAS' solutions and services, including ERAS' iDOC(C) Document Imaging capture services, iCheck(C) Image Capture and Clearings, iLockbox(C) Remittance Processing solutions, technical and consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" . About ERAS, LLP Miami-based ERAS provides state-of-the-art software systems and solutions to the financial services industry. Founded in 1988 by David L. Wilson, ERAS was formed for the express purpose of offering a new generation of integrated, bundled banking software applications. ERAS offers image item processing and clearings, payment, document capture, application/site hosting and technical support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . ERAS' comprehensive imaging solution suite is made up of 23 modules that enable users to manage the system directly while requiring a minimum amount of technical support or intervention. ERAS' solutions provide banks with powerful browser-based, cross-platform core data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a systems and tools to help banks jumpstart profitability, improve efficiency and reduce overhead. For more information about ERAS, visit http://www.erasjv.com. |
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