HandySoft Media Coverage

Showing media coverage for 2003

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	Users Struggle to Pinpoint Sarbanes-Oxley IT Costs Dec.03 - NJ-based Hudson United Bank invests in SOXA Accelerator from HandySoft Global Corp. in support of its Sarbanes-Oxley compliance initiatives.
	Shoe Trendsetter Tries On SOX Nov.03 - For help in streamlining internal control processes and handling the documentation required for compliance with the Sarbanes-Oxley Act (or SOX, as some have dubbed it), shoe company Kenneth Cole Productions, New York, has turned to the SOXA Accelerator from Handysoft, Vienna, VA. The SOXA Accelerator is designed to let companies leverage existing financial, ERP and other legacy systems to minimize the cost of compliance.
	Hudson Touts Compliance Tool Nov.03 - Hudson United Bancorp spent months looking for tools to help it come into compliance with the Sarbanes-Oxley Act before choosing SOXA Accelerator software from HandySoft Global Corp. "It's very early in the process, but we're making significant progress on this pretty stringent regulatory requirement," said Mark Nagelvoort, a vice president and the internal controls manager at the company’s $8 billion-asset Hudson United Bank.
	Drowning in Data Nov.03 - A flood of corporate data, intensified by Sarbanes-Oxley compliance, threatens to overwhelm business managers. Hudson United Bank recently began installing HandySoft's SOXA Accelerator to help satisfy Sections 302 and 404 certification by creating reports detailing what management and the company auditors consider material for each line item in the general ledgers.
	Section 409 of SarbOx calls for quick data crunching Oct.03 - There is a dark cloud looming on the horizon called Section 409 of the Sarbanes-Oxley Act. Companies will not only have to create an infrastructure for the rapid assessment of which critical events materially affect the company, but support real-time data as well. "[Section 409] is a significant transformation for enterprises that function in a five- to seven-day business process," said Daryn Walters, vice president of global marketing and strategy at HandySoft.
	For CFOs, a Crash Course in Tech Sep.03 - An important complement to any dashboard is analytical alert software, such as that sold by FileNet, Metastorm, and HandySoft. It monitors data such as customer payments, sales, and inventory, and alerts the CFO if a large account is seriously past due. The software also walks a CFO (or an underling) through the steps necessary to determine if the event is material -- or if someone simply forgot to record a check, says Daryn Walters, vice-president for world marketing and strategy at HandySoft.
	Handysoft Eyes Europe Sep.03 - HandySoft has opened a London office to head up the company's operations in the Europe, Middle East and Africa (EMEA) region, and named Wendy Cohen, an 18-year software veteran, as director of sales for EMEA.
	Alphawest Selected to Deliver Pilot for Business Process Management Solution with Planning SA Sep.03 - Alphawest, through its partnership with HandySoft, will offer Planning SA a consultative approach to effectively integrate its existing document management system with a proven, scalable business process management solution.
	Stolt-Nielsen Automating AP Sep.03 - We process about 900,000 invoices on an annual basis, and we felt that we could realize tremendous cost and efficiency savings by centralizing and automating our accounts payable processes, said Mickey Stayman, business systems manager at Stolt-Nielsen. "BizFlow Accelerator for AP enables us to almost completely automate our AP processes, reducing cycle times from 20 to three days, eliminating the re-keying of data into the ERP system and providing our managers with complete visibility of the status of any invoice at any time."
	HandySoft Wins Stolt-Nielsen Sep.03 - Stolt-Nielsen is tapping HandySoft to address accounting complexities by providing workflow management and decision processing. The end result of Stolt-Nielsen's deployment will be an improved movement of invoices within the approval process, negating the difficulties created by geographic separation. The company projects that one hard benefit will be an 85 percent reduction in invoice cycle time.
	Finding Adaptability in BPM Jul.03 - Adaptability has become a key issue today for companies that are trying to bring products to market faster to meet ever-evolving consumer demand and to drive incremental increases in revenues. But as technology "solutions" for adaptability hit the wall, HandySoft believes business process management can boost competitiveness.
	BPM Speeds Response to Concerned Canadians Jul.03 - The Department of Fisheries and Oceans Canada is using BizFlow to track and manage more than 15,000 pieces of correspondence each year. Expected results include a 40 percent reduction in cycle time and workload as well as increased visibility into the status and history of correspondence.
	Nothing to Hide Jun.03 - BizFlow "allows customers to streamline and automate business processes throughout the enterprise," says Daryn Walters, HandySoft's vice president of worldwide marketing and strategy. The SOXA Accelerator, using BizFlow as the process engine, enables corporations to leverage legacy systems to minimize the cost of Sarbanes-Oxley compliance, provides project and task management capabilities, and identifies problems and improvement opportunities in auditing and internal-control processes.
	Breakthroughs in Business Performance Management Jun.03 - A Fortune 50 pharmaceutical company used BizFlow to reduce AR processing time from 35 days to one day, eliminating error-prone manual data entry. "We found that with the new BPM system from HandySoft, we could generate an additional $3.7 million dollars in sales just by completing the approval process quicker," says the company's CFO. "We saved an additional $0.5 million because [we] were getting appropriations approved at a faster rate. Finance staff can now review all the documentation electronically and approve the ARs with a click of a button."
	Governance Falls into CIO's Lap Jun.03 - While complying with the Sarbanes-Oxley regulations seems like a largely financial and business matter, IT can expect to be called upon-it if hasn't already been-to collect data from all parts of the company, compile it, disseminate it to the proper parties and even track the data's progress.
	HandySoft Bolsters BPM Positioning In Asia-Pacific Jun.03 - While many software companies consolidate their operations, privately-held HandySoft Corp, an emerging leader in the nascent workflow and business process management (BPM) market, continues to expand its presence internationally.
	HandySoft and Plumtree Offer a Sarbanes-Oxley Solution Jun.03 - The Sarbanes-Oxley Accelerator combines business process management from HandySoft's BizFlow platform with collaboration, search and a portal from Plumtree's Enterprise Web Suite. The solution gives each member of the extended accounting team a personalized view of the compliance process based on his or her responsibilities.
	Sarbanes-Oxley Balancing Act Jun.03 - HandySoft Corp. and Plumtree Software Inc. last week announced Sarbanes-Oxley Accelerator, which combines business process management and portal software to create a platform for customers to establish internal controls and reporting procedures, while supporting collaboration with auditors and board members and building best practices for the collection and reporting of financial data.
	Handysoft, Datamatics to offer BPM Jun.03 - Handysoft has entered into a strategic alliance with Mumbai-based Datamatics Technologies to offer BizFlow, its business process management (BPM) platform in India.
	SEC Extends Deadline For Certification Jun.03 - Integration- and portal-software developer Plumtree and HandySoft Corp. rolled out the Sarbanes-Oxley Accelerator, which combines HandySoft's business-process management technology with collaboration, search, and personalization capabilities from Plumtree's Enterprise Web Suite. Accelerator gives members of an accounting team personalized views of the compliance process based on their responsibilities.
	Automating Sarbanes-Oxley Compliance May.03 - Business process management (BPM) specialist HandySoft Corp. has partnered with enterprise portal provider Plumtree Software to roll out a new solution designed to help publicly traded companies comply with the Sarbanes-Oxley Act of 2002 — and perhaps improve their overall business processes while they're at it.
	Plumtree, HandySoft Support Sarbanes-Oxley May.03 - Portal specialist Plumtree and business process management (BPM) software provider HandySoft have announced plans to debut a tool called Sarbanes-Oxley Accelerator next month, marking the culmination of co-development efforts than began in Jan. 2003.
	Insurance companies take knowledge online May.03 - Every transaction creates at least one piece of paper, sometimes a couple of hundred pieces of paper, says Lisa Fox, senior manager for Perot Systems, which has been working with HandySoft to implement a workflow system at Conseco Insurance. Another Handysoft user, QBE, a general insurance and reinsurance group headquartered in Australia, provides workers' compensation insurance to 150,000 companies throughout that country. QBE is working with HandySoft to implement a workflow process-driven claims management solution.
	Apps Automate Financial Compliance Routines May.03 - IT departments are gearing up to support their companies' efforts to comply with complex financial reporting rules laid out in the Sarbanes-Oxley Act, which requires companies to disclose in real time material changes in their financial condition and to report on how they are addressing internal controls and financial reporting procedures. HandySoft Corp., of Vienna, Va., later this month will announce the BizFlow Solution for Sarbanes-Oxley, a subset of its BizFlow business process workflow software designed to simplify the Sarbanes-Oxley Section 404 audit procedures.
	Well-Oiled Machines: BPM Projects Point to Success at Continental Teves Apr.03 - Continental Teves, an Auburn Hills, MI-based provider of brake, steering and suspension systems, is using BizFlow to map out and automate processes for mission-critical tasks including handling engineering change requests, procurement orders, test orders and test report signoffs. The company expects that the reduction of errors, elimination of lost documents and time gained through parallel processing will save more than $1.3 million per year. Another benefit of BPM will be enforced adherence to the quality system.
	BPM: When Speed Counts Apr.03 - In the current economic environment, organizations are struggling to radically improve efficiency and leverage existing investments in systems while remaining responsive to their customers. At the same time, businesses require systems that are more automated, involve less human intervention and can gather data from multiple systems to provide customers with the products or services they need. These frequently conflicting imperatives are driving demand for business process management (BPM) solutions, especially in process-intensive industries such as financial services, insurance, healthcare and manufacturing.
	HandySoft, Corticon Ally on BPM Apr.03 - Business process automation specialist HandySoft Corp. this week formed a global alliance with Corticon Technologies, a provider of business rules software, in a partnership that joins business process management (BPM) and decision-management solutions to create a single enterprise environment.
	Company Watch: Datacraft, Bizmann System, Systems Union Apr.03 - Bizmann will develop and customise business improvement solutions based on HandySoft's BPM solution, BizFlow; an e-document management from Archive Power Systems; and CA's CleverPath Portal software.
	Electronic from End to End Mar.03 - BizFlow is being deployed by the U.S. Patent and Trademark Office to power its Trademark Information System. The system would bring application registration and examinations online, improving access by reviewers and the public."We're tying the process together so it can occur in a completely electronic fashion," said Doug Bourgeois, USPTO's chief information officer. "When you do away with managing a paper file, you improve the quality of the customer service" because there will be less chance for human error, such as duplicating or losing the forms.
	Process Versus Quality Feb.03 - Australia's QBE Insurance taps BizFlow to overhaul workers' compensation division, automating low-level processes in order to free up agents for value-added tasks.
	BPM: Better Business Chemistry - Models Link Processes Feb.03 - Pure-play BPM software makers continue to push into new realms. HandySoft Corp., for example, is developing a library of business process applications to augment its BizFlow BPM engine. The packaged applications will contain business rules, process models, reporting, solutions interfaces, adapters and services for quick implementation.
	SAP, HandySoft Hone Process Management Controls - New Tools Aid Modeling Processes Feb.03 - HandySoft, of Vienna, Va., is developing a library of business process applications to augment its existing BizFlow BPM engine. The packaged applications will contain business rules, process models, reporting, solutions interfaces, adapters and services for quick implementation, officials said. HandySoft will focus on processes for government, manufacturing and financial verticals, as well as some horizontal areas, such as Sigma Six.
	Shorter Review & Design Cycles Jan.03 - Project management and workflow automation solution from HandySoft makes it faster and cheaper for Continental Teves to get products to market, offering the company a "tremendous amount of time and cost savings" estimated at "over $1 million annually."
	Tech Trends (and Trendsetters) of the Times Jan.03 - France Telecom R&D's work with Web services is aiding the development of new services the parent company can offer. "Web services are a very important technology for us," says Wilson Lau, software engineer. "We participate in various Web services-based standards, such as Liberty, W3C Web service and OASIS." Lau's group uses BizFlow business process management software from HandySoft to test and run its Web services....HandySoft software provides a Web-based user interface for designing and monitoring business processes that involve external business partners and customers.

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