Your challenges
Never before have financial service organisations been exposed to such a convergence of significant, pervasive, and undecided regulatory changes. These include initiatives with a global impact such as Basel II, the European Union’s implementation of International Financial Reporting Standards (IFRS), and regulations specific to individual countries such as the USA PATRIOT Act.
More regulations are ahead, such as the Prudential Sourcebook (PSB) in the United Kingdom, the Financial Services Action Plan (FSAP) for the European market, and a host of anti-money laundering initiatives around the globe. How can a financial service organisation hope to comply with this mass of new regulation?
To meet these challenges financial service organisations generate vast amounts of information that they need to control, from invoices, records, and contracts to e-mails, spreadsheets, policies, customer application forms, marketing materials, and Web pages. Imagine how many filing cabinets you would need to store all of the information on your Web site, in your company's network, or even within your own e-mail inbox.
Who we are
Open Text is the market leader in providing Enterprise Content Management (ECM) solutions that bring together people, processes and information.
By enabling organisations to manage content from initial creation to final archive, Open Text offers the most comprehensive, end-to-end content lifecycle management solutions. Our software seamlessly combines collaboration with content management, transforming information into knowledge that provides the foundation for innovation, compliance and accelerated growth.
Increasingly, ECM based solutions are being seen as the most effective way to reliably ensure corporate wide compliance to a range of governance and regulatory requirements.
Our flagship product Livelink's collaborative solutions enable organisations to link users to quickly and efficiently address these challenges. Globally, teams in more than 100 financial services companies already use Livelink to manage complex transactions, policies, procedures, and data files through product development, marketing, sales, operations and compliance
Livelink for E-mail Archiving lets organizations manage the exponential growth of corporate e-mail, reduce storage costs and improve server performance. Through interactive or rule-based archiving, organizations can offload e-mail content and attachments from Microsoft Exchange and Lotus Domino e-mail servers to more cost-effective storage media, while retaining a high level of accessibility.
With Livelink Records Management, organizations are able to capture and manage records such as business-to-business transactions, in both physical and electronic formats, while maintaining the integrity of the organization's record retention and disposition regulations. Livelink Records Management also provides a secure audit trail of an organization's records, minimizing the risk associated with the management and disposition of records.
Both our products and professional services solutions enable organisations to enhance their business capabilities through;
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effective collaboration |
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improved focus on risk management and regulatory compliance, and |
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improved efficiency through automated business processes. |
Enterprise Content Management (ECM) represents a critical new stage in the advance of the Information Age. It is more than just a product or a solution. It describes both a philosophical approach and the underlying technologies used to help businesses transform their content into competitive advantage.
