Financial Technology

Financial Technology

May 14, 2014

ASG's EIM Suite Helps Increase Efficiency, Reduce Cost

ASG Software Solutions, a company that provides vendor-agnostic cloud, content and systems solutions, recently announced that its Enterprise Information Management (News - Alert) (EIM) suite has provided great benefits to a top five U.S. Bank.

Officials from ASG said the solution has helped the bank to ensure zero regulatory error along the data stream, resulting in an 80-time increase in efficiency times over manual data lineage and analysis processes as well as reduced data lineage costs by 80 percent. Now, the bank knows how its data was used by business, and can make more informed business decisions. It has also been able to demonstrate compliance with TARP and Basel II requirements.

ASG’s Enterprise Information Management suite enables companies to make sense of the variety of different information stored in different places. The suite allows a company to apply comprehensive retention policies based on business requirements, consolidate information from multiple sources automatically into single federated views and search and access digital information from all enterprise repositories based on existing security permissions.

“ASG’s EIM solution stood out from other vendors in all of our proof-of-concept trials,” said the Bank’s vice president of technology. “When testing on our distributed environment, we were able to load and analyze code across 100 systems in just four days – a process that usually takes between 25K – 30K hours to do manually – and performed a mainframe migration in less than one minute. When we selected ASG’s EIM suite in 2012, we started with 133 Key Business Elements (KBEs) on 10 in-production systems, focused on credit card applications. Now, after great initial success, we’re confident in our second implementation of 1,000 KBEs in 40-50 systems for home loans, credit cards, deposits and customer information systems.”

In related news, ASG Software Solutions recently announced that DirectNetworks, Inc., a privately held, IT solution provider, has chosen ASG's end-to-end cloud management suite, CloudFactory, to create its cloud-based workplace, DirectCloud Webtop. After testing everything from VMware View to Citrix Xen Desktop, only CloudFactory gave DirectNetworks the kind of flexibility it needed for its SMB clients

Edited by Maurice Nagle

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