21 Feb 2005: One of Europe's largest universal banks goes live with Framesoft’s fully integrated Contract Management Suite comprising Document Composing, Online Negotiation and Business Process Management, Netting and Document Management. The installation builds on the bank’s existing implementation of the Framesoft Contract Repository (FCR) which has been in productive use since 1998.
By deploying Framesoft’s business process management software Framesoft Online Negotiation (FON) , the bank is achieving substantial gains in STP thereby significantly reducing operational risk in the area of OTC derivatives documentation an area currently under scrutiny from both industry bodies and regulators due to continued market growth and product complexity.
Framesoft’s Document Management solution features an easy-to-use scanning interface and sophisticated category-based and full-text searching makes direct access to paper-based archives obsolete and helps to lower cost and increase efficiency.