(BSNS WIRE) insci-statements.com Announces Sale of Enterprise-Wide Syste
insci-statements.com Announces Sale of Enterprise-Wide System to Morgan Keegan;
Morgan Keegan Expands Document Archive, Imaging and Presentation System
Business Editors and High-Tech Writers
WESTBOROUGH, Mass.--(BUSINESS WIRE)--Feb. 17, 2000--
insci-statements.com (Nasdaq:INSI), a leading provider of electronic
statement presentment (ESP) software products and Internet
portal-based outsourced services, Thursday announced an
enterprise-wide sale to Memphis-based Morgan Keegan & Co.
This major order constitutes a significant expansion to Morgan
Keegan's existing statements archiving, imaging and presentment system
from insci-statements.com and will allow them to better serve their
rapidly increasing customer base. The order was placed through Unisys
Corp., a major worldwide reseller of insci-statements.com software
products.
Morgan Keegan is a leading regional brokerage firm providing
brokerage services to institutional and individual investors. Morgan
Keegan has 44 branch offices and 1800 employees, and is using
insci-statements.com's COINSERV system to archive, manage, and
distribute statements, reports, confirmations, accounts payables, new
account applications, 1099s and 1099Rs, 5498 and other tax forms. The
company processes about 80,000 documents each night.
In addition to the COINSERV digital document repository, Morgan
Keegan uses insci-statements.com's WebCOINS software for remote access
to the document repository, and COINScan for image capture and
processing.
Gary Guinn, Director, Information Technology for Morgan Keegan,
said, "We are in a very competitive marketplace where responsiveness
to the needs of our customers can spell the difference between success
and failure. We are proud of the value-added customer service that has
become a cornerstone of our business. We have been able to accomplish
this through our excellent research and program development staff, and
the implementation of advanced technologies that third-party providers
like insci-statements.com and Unisys offer."
The new ESP system will be based on a Unisys e-@ction Enterprise
Server ES2045 platform, a four-way server based on Intel Pentium III
Xeon processors and running Microsoft Windows NT Server software.
Unisys, with headquarters in Blue Bell, Pa., in the Greater
Philadelphia area, is an electronic business solutions company whose
36,000 employees help customers in 100 countries apply information
technology to seize opportunities and overcome challenges of the
Internet economy.
Unisys offers a rich portfolio of Unisys e-@ction Solutions for
electronic business based on its expertise in "repeatable" vertical
industry solutions, network services, outsourcing, systems integration
and multi-vendor support, coupled with enterprise-class server and
related technologies.
According to Dr. Ted Prince, chairman and CEO of
insci-statements.com, "Morgan Keegan is a highly valued customer for
both insci-statements.com and Unisys. They are forward-looking in
their adoption and use of technology. They are leading the way in
adopting this technology for electronic statement presentment (ESP)
and also recognize the value of the digital document repository as the
core infrastructure required for high volume statement presentment and
robust customer service applications."
About insci-statements.com
insci-statements.com, is a leading provider of Internet statement
services and digital document storage, workflow, and electronic
commerce solutions. The company's statement services and software
solutions are designed to help customers become more competitive,
streamline business processes, improve customer service, and take
advantage of new technological developments to drive revenues. For
more information about insci-statements.com, visit its home page on
the Internet at www.insci-statements.com.
Note to Editors: insci-statements.com is a registered mark and
COINSERV, COINScan, COINSflow and WebCOINS are trademarks of
insci-statements.com.
--30--JC/np* EZ/np
CONTACT: INSCI Corp., Westborough
Roger Kuhn, CFO
rkuhn@insci.com
Hal Morrow, Marketing
hmorrow@insci.com
508/870-4000
or
Allen & Caron Inc.
Mark Alvino (investors), 212/698-1360
mark@allencaron.com
Kari Rinkeviczie (media), 616/647-0780
kari@allencaron.com
KEYWORD: MASSACHUSETTS
INDUSTRY KEYWORD: BANKING COMPUTERS/ELECTRONICS INTERNET
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