LONDON, December 15 /PRNewswire/ --
- Misys Opics Plus Quick Start is First Solution Delivered Within New Rapid Implementation Strategy; Aimed at Regional and Domestic Banks Globally to Boost Treasury Trading
Misys (LSE: MSY), the global application software and services company, today announced the launch of Misys Quick Start - a new rapid delivery initiative to provide pre-packaged solutions to help banks reduce the cost and length of new implementations of Misys capital markets trading platforms. The first Misys solution to be brought to market within the initiative is Misys Opics Plus Quick Start, an end to end treasury processing solution.
The unprecedented change in the financial services sector over the last 12 months has caused dramatic shifts in the needs of organisations. As a result of the financial crisis, there have been large volume increases in treasury products coupled with extreme volatility in interest rates. At the same time, their has been growing interest in FX, money markets (MM) and fixed income products by corporate customers of banks and firms are looking to rationalise and streamline their operations in a climate of increasingly stringent regulation.
These trends are adding pressure to monitor exposure to foreign exchange (FX) and interest rates, improve services to customers, and deliver great controls and transparency. Ultimately, this is driving demand for out-of-the-box solutions to support their business at an affordable price that includes implementation.
Misys Quick Start solutions will utilise Misys' new 'Rapid Implementation Methodology' to deliver pre-packaged solutions consisting of bundled modules and functionality, standardised services and implementations, accelerated implementation processes and reduced time to market for new products and services.
The first pre-packaged solution to be brought to market within this initiative, Misys Opics Plus Quick Start, is specifically designed for regional and local banks globally and also banks in emerging economies that are looking to quickly move into the treasury management market. Offering a range of benefits, it will give firms the ability to effectively manage entire treasury operations, adopt more sophisticated risk management techniques, and process high volumes of treasury trades. Importantly, Misys Opics Plus Quick Start promised a reduced risk, cost and length of implementation.
Stephen Bruel, Analyst at TowerGroup comments: Some smaller institutions are going to struggle with a traditional spreadsheet approach to information management when it comes to handling the large growth in volume in FX instruments. As a result, there is a growing desire to quickly implement systems that can handle the growth in this area and help manage a mix of assets classes with greater transparency across business lines.
Charles Smith, Vice President, Solutions Management for Misys comments: This strategy is being driven by a demand from banks for solutions which reduce both cost and implementation risk. Where many of our competitors have released fast track products to improve the chances their customers will get a fully live solution, we already have a proven track record when it comes to completing implementation projects, so our strategy is about helping financial institution customers in this tough period to get the enabling technology they need to boost risk management, compliance and transaction efficiency from the front office to the back office.
Misys Solutions for Treasury Capital Markets has 18 years of experience and unrivalled software development expertise. It creates integrated, comprehensive solutions for financial institutions to manage their capital market activities across multiple asset classes.
About Misys plc
Misys plc (LSE: MSY), provides integrated, comprehensive solutions that deliver significant results to organisations in the financial services and healthcare industries. We maximise value for our customers by combining our deep knowledge of their business with our commitment to their success.
In banking and treasury capital markets, Misys is a market leader, with over 1,200 customers, including all of the world's top 50 banks. In healthcare, Misys plc owns a controlling stake in NASDAQ listed Allscripts-Misys Healthcare Solutions, Inc, a clear leader in the provision of healthcare technology, serving more than 150,000 physicians, 700 hospitals and nearly 7,000 post-acute and homecare organisations. Misys employs around 6,000 people who serve customers in more than 120 countries.
We aspire to be the world's best application software and services company, delivering results for the most important industries in the world.
Misys: Experience, Solutions, Results
Contact us today, visit: http://www.misys.com For further information or to request an interview with a Misys spokesperson, please contact: Stephen White Misys Treasury Capital Markets t. +44(0)207-757-6134 stephen.white@misys.com
For further information or to request an interview with a Misys spokesperson, please contact: Stephen White, Misys Treasury Capital Markets, t. +44(0)207-757-6134, stephen.white@misys.com
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