Misys plc, the provider of application software and services company, announces that Socram, one of the foremost French credit houses, has selected Misys Almonde to manage and improve the quality of their Asset and Liability Management reporting. Socram is a new customer for Misys, which the credit house chose over other vendors for its track record and experience. The selection process began in April 2007 with preliminary investigation and requirements definition and a detailed workshop at the end of July, in which the superiority of the Misys Almonde ALM solution was demonstrated.
Mr Thierry Jollivet, Director at Socram comments, "We needed a scaleable solution that would be able to match our expansion plans. Misys Almonde is the most functionally advanced solution available and meets our technical and business objectives well. Implementation has begun and we look forward to benefiting from it as we continue to enhance our operations and deliver value to our customers."
The Board has a formal schedule of matters reserved for its decision including approval of the accounts and dividends, significant strategic decisions, Group budget, transactions and settlement of litigation over a certain amount, fundamental changes to the internal control system, the adoption of new employee incentivisation plans, and the delegation of authority to committees and individual directors.
"Our team of professional services experts were able to respond very rapidly to the requirements of the bank and are already on site helping the bank implement the solution, ensuring that it is integrated seamlessly with the internal systems. Our intuitive and user-friendly solution will make sure that the bank continues with its growth plans safe in the knowledge that it is being served by the best ALM solution on the market," said Trevor Holford, Product Manager, Misys Almonde.
Misys is committed to being a highly responsible corporate citizen across its global activites. The board recognises that Misys' operations have a direct impact on the local communities in which they operate and the Directors endeavour to monitor the Group's environmental, ethical and social impact as well as the health and safety of its employees. The Directors are mindful of the interests of the Group's stakeholders, including investors, employees, customers, suppliers and business partners, when operating the business.
An effective data consolidation solution is now readily available to venture capital, private equity, and other firms involved in mergers and acquisitions through the use of SingleVision software from Business Development Solutions.
