Optika Announces Federal Home Loan Bank of Indianapolis Expands Acorde System with Acorde Records Manager.Business Editors/High-Tech Writers COLORADO SPRINGS Colorado Springs, city (1990 pop. 281,140), seat of El Paso co., central Colo., on Monument and Fountain creeks, at the foot of Pikes Peak; inc. 1886. It is a year-round resort and a booming military, technological, and commercial city. , Colo.--(BUSINESS WIRE)--April 28, 2003 Long-time Optika Customer Adds Records Management Functionality to ECM (1) (Enterprise Change Management) See version control and configuration management. (2) (Error Correcting Mode) A Group 3 fax capability that can test for errors within a row of pixels and request retransmission. Deployment Optika Inc. (Nasdaq:OPTK), a leading Enterprise Content Management (ECM) provider of imaging, workflow, collaboration and records management software, today announced that Federal Home Loan Bank of Indianapolis (FHLBI FHLBI Federal Home Loan Bank of Indianapolis ), a wholesale bank with over $43 billion in assets, will implement Acorde Records Manager to proactively comply with legal retention and destruction requirements for its critical documents surrounding financial business transactions. "We have been an Optika customer since 1994 and we're very pleased with the continued expansion and enhancements in the company's solution offerings," said Ron Malone, vice president of network and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services for Federal Home Loan Bank of Indianapolis. "With the current pressure to meet industry requirements for the orderly retention and lawful destruction of our financial documents, Acorde Records Manager's single repository and seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. with the core Acorde ECM solution provides a cost-effective way for FHLBI to achieve regulatory objectives in a timely manner." FHLBI is currently using its Optika system to capture, store and manage the huge volume of documents involved in its principal business of loaning money to banks throughout Michigan and Indiana. With the deployment of Acorde Records Manager, the institution will be able to achieve the many additional benefits including: -- Reduce storage costs with the timely destruction of unnecessary records -- Address costly tracking issues in which original documents are destroyed but copies are maintained indeterminately -- Systematically dispose of both internal and offsite records without having to go through expensive and time-consuming back file conversion "We are seeing organizations in a variety of industries put the highest priority on achieving compliance with industry regulations for managing business records and information," said Mark K. Ruport, president, 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. and chairman of Optika. "We believe the ease with which our current clients can implement Acorde Records Manager, with minimal impact on their current Acorde systems, is truly helping organizations do more with less in today's competitive environment. We are pleased to be able to provide such a positive, immediate impact to institutions like Federal Home Loan Bank of Indianapolis." About Federal Home Loan Bank of Indianapolis Federal Home Loan Bank of Indianapolis, a wholesale bank with over $43 billion in assets, provides funding for home mortgages issued by member institutions in Michigan and Indiana. As part of a system of twelve such banks across 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. established in 1932, FHLBI helps savings institutions, commercial banks, insurance companies and credit unions obtain low-cost funds for home mortgages. Its over 430 member institutions then lend to individual homebuyers and to providers of rental housing. In addition to funding, FHLBI provides its members with various correspondent services and makes inexpensive funding and grants available for community investment and affordable housing. For more information on Federal Home Loan Bank of Indianapolis, visit www.fhlbi.com. About Optika Headquartered in Colorado Springs, Colo., Optika Inc. (Nasdaq:OPTK) is a leading provider of imaging, workflow, collaboration and records management software. Optika's Acorde(TM) family of Enterprise Content Management (ECM) solutions allows companies to streamline their business processes, eliminate paper and increase operational efficiencies. The company's more than 2000 customers worldwide include The Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services. Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box , Turner Broadcasting Systems Turner Broadcasting System, Inc. (often abbreviated TBS Networks or TBS, inc.) is the company managing the collection of cable networks and properties started by Robert Edward "Ted" Turner from the mid-1970s to the late-1990s. , Siemens Communications, Verizon Information Services See Information Systems. and Clear Channel Communications Not to be confused with clear channel radio stations, which are AM radio stations with certain technical parameters. Clear Channel Communications (NYSE: CCU) is a media conglomerate company based in the United States. . Optika was named one of the Top 500 Technology Companies in 2002 by Software Magazine. For more information about Optika and the Acorde product family, contact the company at 719.548.9800 or visit www.optika.com. |
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