Looking back that the 4th Quarter Release...Sherlock Holmes.
Fourth Quarter Highlights:
* Edify made initial shipments of Release 3 of its Electronic Banking System (EBS), as well as the Business Banking Suite, both targeted at the financial services market. With Release 3, Edify's EBS now incorporates end-to-end support for online bill presentment and payment for a financial institution's retail customers. The Business Banking Suite is the industry's first web-centric, enterprise class application software for financial institutions to manage relationships with their commercial customers.
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Then today's press.....
Monday April 12, 9:00 am Eastern Time
Company Press Release
SOURCE: Edify Corporation
Edify Ships EBS Release 3 Consumer Banking Suite - Industry's First Complete Bill Presentment and Payment Solution
Busey Bank Features Edify's Online Transaction Checkbook and Previews Electronic Bill Payment & Presentment
SANTA CLARA, Calif., April 12 /PRNewswire/ -- Edify Corporation (Nasdaq: EDFY - news), a global leader providing enterprise self service solutions, has announced first customer shipments of its Electronic Banking System Release 3 Consumer Banking Suite. The Consumer Banking Suite consists of the Electronic Banking platform, and 17 optional new modules -- the three newest of which are CheckBook, Electronic Bill Presentment, and the Electronic Bill Payment warehouse, all designed for consumer direct banking services. Edify's innovative approach helps financial institutions enhance customer relationships by aggregating billing and payment information on behalf of their customer base.
Busey Bank, Urbana, Illinois, was an early implementor of Edify's Electronic Banking System, originally going into production in 1997. It is now one of Edify's first Consumer Banking Suite customers and has successfully introduced the CheckBook, an online transaction registry which gives the customer up to the minute control and management of their finances without requiring the use of a personal financial management software package. The Bank also anticipates rolling out electronic bill payment and presentment (EBPP), which will allow it to manage summary billing information from CheckFree's E-Bill (SM) service.
''We're delighted to be able to offer our customers one of the most advanced, innovative online banking services available,'' said David Kuhl, President, Busey Bank. ''As we continue to enhance the service, we expect to be able to manage and grow our relationships with our customers, offering them an increasing amount of financial services online.''
Since its introduction in 1996, Edify's Electronic Banking System has become the leading on-premise Web banking solution, with more than one hundred financial institutions as customers worldwide. EBS licensees include fifteen of the top 100 U.S. banks including Chase Manhattan Bank, Fifth Third Bank and Harris Bank, as well as international financial institutions including ANZ, which announced availability of its Internet Banking service at anz.com.
''The availability of EBS 3.0 signifies our continued leadership in delivering best-in-class financial services solutions to our customers worldwide,'' said William A. Soward, vice president, business development at Edify Corporation. ''As innovative, customer-driven financial institutions such as Busey take advantage of its power, flexibility and feature-integration, they raise the bar in the race for dominance in Internet banking and greater share of their customers' wallet.''
Edify's Electronic Banking System (EBS) is a comprehensive direct banking solution providing financial institutions the means to deploy personalized, content-rich electronic banking services via multiple access channels including the Internet, telephones and personal financial management software. EBS Release 3 incorporates end-to-end support for online bill presentment and payment, providing financial institutions with a pre-built application solution that gives them greater control over their customers' total banking activities. The EBS Release 3 modules were created as an integrated electronic delivery system that provides sophisticated billing and payment management services that work in conjunction with leading third-party processors like CheckFree and TransPoint.
About Edify Corporation
Edify Corporation is a leading provider of enterprise self service solutions used by Global 2000 organizations to deploy automated service solutions via the Internet, corporate intranets, and the telephone. Edify's self service solutions offer organizations the means to automate, integrate, and personalize interactions with customers and employees, yielding stronger, more profitable relationships.
The company's software has been licensed to more than 1,200 organizations worldwide. Edify software is distributed directly and through leading solutions providers, application partners, and distributors worldwide. With more than 440 employees, Edify Corporation is headquartered in Santa Clara, California, with international headquarters in London, England. Additional information about Edify may be obtained by calling 408-982-2000 (USA) or +44 181 263 2710 (Europe, Middle East, Africa) or via the World Wide Web at edify.com. For product information, please call 800-944-0056 or email info@edify.com.
Forward Looking Statements
The matters set forth in this press release, such as statements relating to EBS and the Business Banking Suite and other products and services are forward looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially. Although on-line banking has been available in various forms for many years, there can be no assurance that consumers will accept on-line banking over the Internet or the company's products, including EBS, in sufficient numbers to make on-line banking or the company's products successful. In addition, given the uncertainties of software development there can be no assurance that the system will be developed on time or at all, or that the company or its customers will be able to implement applications in the anticipated time frames or with the anticipated features, functionality or benefits. Further information on the important factors that could affect the results or outcomes discussed in the forward-looking statements is included in Edify's Annual Report on Form 10-K and its other reports filed from time to time with the Securities and Exchange Commission.
Edify is a registered trademark of Edify Corporation.
SOURCE: Edify Corporation
biz.yahoo.com
I'd bet that was the non-billable service were they refered to and this "''On the license side, a significant percentage of our potential license revenue remained unclosed at the end of the first quarter....bla..bla...The company also said that it performed a significant amount of non-billable service work during the quarter in order to complete several key projects,
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If so then I'm looking for significant percentages and billable service work this quarter.....we'll see..but it would be nice if they would have explained it all and cut out the guessing.
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