Hot off the wire: HIE Completes Cloverleaf Implementation at
Poland's Leading Commercial Bank
MARIETTA, Ga., Sept. 10 /PRNewswire/ -- Healthdyne Information
Enterprises, Inc. (Nasdaq: HDIE) has successfully completed the
installation of its Cloverleaf(R) interface engine at Bank Handlowy w
Warszawie S.A., and has implemented the first phase of systems
integration in the Dealing and Treasury departments of the bank. The
$350,000 project involved integrating a new deal entry system (Kondor+)
with the Bank's existing integrated back office system (IBIS/AS),
running on an IBM AS/400.
Bank Handlowy, a $1 billion institution which first became a public
company in 1997, is located in Warsaw, Poland. The bank will use
Cloverleaf to transform and send transactions, such as Swaps, Spots,
Foreign Exchange, and Money Market Loans and Deposits entered in
Kondor+ for settlements processing to the IBIS/AS system. "Over the
years, the Bank has built its own software, as well as purchasing a
number of 'best of breed' systems," said Alan Rick, HIE Director,
International Sales - Finance. "Until now, there was a limited degree of
integration between these systems. As Phase 1 of the Cloverleaf
implementation, the Bank has now automated the processing of the
trades as entered by the dealers into the Kondor+ application by
reformatting, enriching, and transferring this data to the back office
processing undertaken by IBIS/AS." "Deals and trades done by the Bank's
dealers have, until now, been recorded on deal tickets and then later
entered into IBIS/AS as a back office administrative function," said
Maria Piotrowicz, Developments Director for Bank Handlowy. "This
information was entered as basic deal information and then updated with
additional information (settlement instructions, for example) as a
separate second stage function. Bank Handlowy wanted to automate this
process and have the dealers enter their own trades; we selected the
Kondor+ system from Reuters for this purpose." At the Bank, Kondor+
operates in a Unix/SUN environment and uses the Sybase relational
database.
Piotrowicz said that the initial interface requirement was for
Cloverleaf to process, reformat and enrich the deals entered into
Kondor+, and then insert this data into the IBIS/AS database (DB2/400)
as if the data had been entered directly into IBIS/AS.
As part of the contract, HIE provided implementation services and
training on-site in Warsaw. The tasks carried out included:
* configuring the hardware (Compaq Proliant(R) Servers running Windows
NT(R));
* installing Cloverleaf Software and ODBC drivers;
* providing Cloverleaf Level 1 and 2 training to the Bank's staff;
* building the Cloverleaf Kondor+ / IBIS/AS interface;
* monitoring the parallel run and reconciliation process; and
* assisting with the design of next interfaces to be built by the Bank.
Piotrowicz remarked that "we were impressed at how easily we were
able to build and implement our first interface. Cloverleaf provided us
with a great deal of flexibility that enabled us to make changes to our
interface rapidly -- a fact which was appreciated greatly by the back
office staff who were able to automate many complex settlement
instructions, thus
receiving a greater straight through processing capability. During the
implementation period and subsequently, HIE always provided us with
highly professional support and offered invaluable advice."
About HIE
HIE helps enterprises rapidly integrate their existing and new
applications, using the Company's market leading software tools and
strategic and tactical integration services. The Company's tools are used
in more than 1,000 organizations, worldwide, including the financial
services and banking industry. HIE is headquartered in Marietta, Georgia,
with offices in Dallas, Columbus, Nashville, London, England and Essen,
Germany.
For more information visit HIE's web site at hie.com.
"HIE" and "Cloverleaf" are registered trademarks of Healthdyne
Information Enterprises, Inc.
Except for the historical information contained herein, this press
release contains forward-looking statements that involve a number of
risks and uncertainties which could cause actual results to differ
materially from those indicated in such forward-looking statements. By
making these forward-looking statements, the Company does not
undertake to update them in any manner except as may be required by the
Company's disclosure obligations in filings it makes with the Securities
and Exchange Commission under the Federal securities laws.
SOURCE Healthdyne Information Enterprises, Inc.
/CONTACT: Media, Sara Herrmann, Manager, Corporate Communications, of
HIE, 770-423-8572, or fax, 770-4423-8440, or e-mail,
sara.herrmann@hie.com; or
Investors, Gordon McCoun or Lauren Felice, or Media, Michael McMullan,
all of
Morgen-Walke Associates, 212-850-5600/
/Web site: morgen-walke.com
/Web site: hie.com
(HDIE) |
