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Neil GoodwinVISTECH.com860.251.8003 x139860.251.8004info@VISTECH.com www.VISTECH.com
VISTECH to Offer Innovative New Product for the Financial Services Industry
Hartford, CT, July 7, 2008 – VISTECH, a system integrator and independent provider of software and IT services, is proud to announce a new product offering, cEPSTM—a family of administrative systems developed for the financial services industry. cEPSTM is designed and built to support today’s complex financial services products, representing the next evolution for the industry.
Historically, financial services products were independently sold and administered, requiring consumers to use various vertical channels in order to purchase different product types. For instance, consumers used insurance agents to buy life and annuity products, and brokers to buy
stocks, bonds and mutual funds. Today, the market requires that financial services products interoperate in order to better meet consumers’ needs. cEPSTM affords a solution by incorporating multiple financial services products. cEPSTM integrates life insurance, annuity, mutual fund, ETF, reverse mortgage, and other product processing components to create a combination product that can be sold and administered. While Unified Managed Accounts (UMAs) and Separately Managed Accounts (SMAs) have begun to address this issue, cEPSTM is truly unique in that it delivers the ability to include insurance components into the mix as well.
The cEPSTM Administrative Systems are built on Visual Technologies’ enterprise class, Microsoft certified infrastructure—CoDITM—an innovative solution designed to enable IT systems to work together without major systems overhauls. Visual Technologies created CoDITM to improve integration from multiple applications and databases. Using scalable and reusable components, CoDITM is based on VISTECH's “wrap-not-scrap” philosophy.
The cEPSTM Administrative Systems were developed as a result of coupling CoDITM with our Service-oriented Architecture (SOA) approach. SOA strives to integrate functions and consolidate activity in one back-end system. For financial services companies that depend on efficiency and rapid product launches, Visual Technologies’ cEPSTM Administrative Systems solve the challenges of conventional software development. By isolating functions into discrete components, integrating systems at the appropriate level, breaking down informational barriers, and allowing for a dynamic infrastructure, cEPSTM and VISTECH enhance the business of any financial services company.
About VISTECH.com
VISTECH consistently delivers cost-effective, leading-edge technological solutions to business challenges. We take a custom-tailored approach, focusing on the unique needs of each client, regardless of size. Founded in 1995, VISTECH offers consulting, software, and network services, as well as software products. Our employees, consultants, and contractors are skilled technologists with solid analytical experience and strong project management skills. After analyzing your company's business problem and unique requirements, we will present an objective IT solution that will ensure results. VISTECH can help you improve your workflow, enhance your productivity, and increase your bottom line. To learn more about the products and services of VISTECH visit www.VISTECH.com.
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