Document management company Staffware is reporting new workflow contracts with Dresdner Kleinwort Benson Channel Islands and Edinburgh's WM Company.
AT DrKB in the Channel Isles, the Staffware application is being deployed to support some 250 back office settlements staff. The Windows NT-based solution will be integrated with existing systems and third party network interfaces to automate up to 15 procedures including adherence to specific rules on electronic payment authorisations.
Brian Vickers, Kleinwort Benson Channel Islands IT director says: "Initially automating a number of activities in the settlements area including cheque production and payment authorisations, the new system will become part of our desktop infrastructure."
Seperately, the WM Company, a member of the Deutsche Bank Group and supplier of investment fund performance reports in the UK, has implemented Staffware’s eProcess software in a bid automate the processes for measuring UK and Global investment fund performance. The Staffware solution is being used to automate the management and tracking of fund and market data received from multiple suppliers, including third party investment managers, custodians, in-house investment management departments and index suppliers.
Mike Gregson, head of performance measurement, the WM Company says the project will significantly improve the delivery time of up-to-date fund performance reports to clients. The company currently handles over 5,000 such requests every month, he adds.
John O'Connell chairman and CEO Staffware comments: "A similar solution is being implemented with another member of the Deutsche Bank Group - Deutsche Asset Management UK. This confirms that process automation is ideal for managing complex and time critical processes - just like those within the financial and securities markets."