First Security looks to Odyssey Integrated Services for cost control.SALT LAKE CITY--(BUSINESS WIRE)--Nov. 15, 1996--First Security Corporation (Nasdaq:FSCO FSCO Financial Services Commission of Ontario FSCO Federation of Straight Chiropractors and Organizations FSCO Field Security Coordination Officer FSCO Fellow of the Society of Crematorium Organists ) is implementing the Odyssey Integrated Services In computer networking, IntServ or integrated services is an architecture that specifies the elements to guarantee quality of service (QoS) on networks. IntServ can for example be used to allow video and sound to reach the receiver without interruption. (SM) program, a Data Documents Incorporated (Nasdaq:DDII) comprehensive forms management system. Odyssey Integrated Services allows customers to develop, produce, store, and track paper and electronic business documents. First Security enlisted the Program to help control costs. "Cost savings is an important consideration," said R. Douglas Parsons, vice president and manager of Bank Purchasing for First Security. "We expect a reduction in the total number of forms that need to be managed, resulting in additional efficiencies. The cost savings is the driving factor." In the first year of the Odyssey Integrated Services program, First Security intends to reduce forms purchasing expenses by about 20 percent. The Program provides a variety of techniques to control costs, including inventory management, analysis of forms, and more efficient printing. For example, the Program will centralize cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. the storage of products and shipping into one location, bringing a considerable reduction in freight and administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. . The Program also provides detailed analysis of forms to create greater efficiencies. "Odyssey Integrated Services will allow us to capture significantly more data than we had been able to," Parsons said. "This will help us improve our purchasing behavior and to analyze forms, volumes and runs of printed documents to make that part of our business more economical." The Odyssey Integrated Services program, introduced in 1995, enables customers to maximize their productivity and cost control by outsourcing various non-strategic functions. Customers may select from as few as one to as many as 10 different service groups, depending on their unique requirements. The modules are: Workflow Re-engineering, Process Analysis, Forms Analysis, Forms Composition, Electronic Transactions, Inventory and Warehouse Management, Billing Detail, Disaster Recovery, Customization and Decision Support Services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . The agreement with First Security includes five service groups and an option for the remaining five. The Odyssey Integrated Services program is supported by the Odyssey Network(SM), Data Documents' proprietary Microsoft Windows See Windows. (operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. (TM)-based software. The Odyssey Network is designed to accommodate a variety of systems--single P.C.s, Local Area Networks or Wide Area Networks. First Security Corporation is a 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. organization with headquarters in Salt Lake City. With consolidated assets of over $13.7 billion, First Security is the largest independent banking entity west of the Mississippi. First Security operates 263 full-service banking offices and has over 450 ATMs in Utah, Idaho, New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). , Oregon, Nevada and Wyoming. Data Documents, headquartered in Omaha, is a leading national designer and provider of custom business forms, pressure-sensitive label products, and forms management systems that enable customers to enhance productivity and reduce costs associated with managing information. Additionally, the company's InteliMail(R) Division provides specialized direct mail products and services. The company's products and services are sold through a direct sales force located in more than 70 sales offices throughout 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. . CONTACT: Anita Meints or Teresa Paulsen, Data Documents Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. 402/339-0900 |
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