Handysoft Provides Real-Time Visibility Of Business Operations With Release Of BizFlow® BAM

HandySoft Global Corp., a provider of business process management (BPM) solutions, today announced the release of BizFlow® Business Activity Monitoring (BAM). BAM is a dashboard-driven solution that allows executives to track key performance indicators (KPIs) in real-time, giving them immediate visibility into their operations and enabling proactive responses to potential problems.

According to the April 2006 report "Gartner Study Reveals Business Activity Monitoring's Growing Value" by Gartner research director Bill Gassman, "Business activity monitoring (BAM) is increasingly being deployed or considered across most industries and geographies. With only moderate average license and implementation costs, BAM is still in an early-adopter market." Gassman predicts that "by 2012, the average BAM latency requirements will decrease to less than one minute, from an average of less than 15 minutes in 2006."

BizFlow BAM tracks processes as they are executed and allows front-line managers to synthesize data in real time and obtain a clearer and broader picture of business operations. The event dashboard displays KPIs tailored to executive-defined specifications, enabling users to create, monitor and respond to critical events.

"For decision makers, knowledge is power," said Brian Boxman, chief operating officer at HandySoft. "BAM enriches BPM by providing the real-time insight required to proactively interpret, respond to and optimize business processes and high-priority tasks. In the ever-changing business environment, real-time visibility into key organizational processes and controls is critical to increasing organizational efficiency and creating competitive advantage."

BAM provides immediate insight into daily business operations such as inventory management, account processing, claims processing, engineering requests, order management, sales tracking and loan origination. For example, financial services executives can use BizFlow BAM to monitor the number of loan applications originated, track the number of approvals, rejections, and processing errors and compare these metrics to the original targets.

BAM is an integrated solution of HandySoft's signature BizFlow Business Process Management Suite, which already monitors process-related rules and can hone in on user-specified data. The environment for BizFlow and BAM provides the design interface, automatically extracting processes and BizFlow-established user groups. BAM features proven, scalable architecture and includes a customizable dashboard through a wizard-driven user interface. It requires no coding skills to generate data in a format applicable to the users' specific needs. The magnifying lens analyzing processes is customizable and dashboard displays may be broken down by process modeling or user group hierarchy, providing different types of scorecards. No installation is required for the Web-based solution.

About HandySoft Global Corporation
HandySoft Global Corporation is the premier provider of configurable software solutions that simplify and automate business processes; capture and enforce best practices; improve productivity and quality while reducing costs; integrate information technology; and foster collaboration among employees, customers, and partners.

The foundation for HandySoft's industry and departmental solutions is BizFlow®, the award-winning platform for business process management, automated workflow, and collaboration. BizFlow offers complete capabilities for building and managing automated business processes, including tools for designing and monitoring the processes, presenting and accessing work, integrating existing IT systems, and administering the platform itself.

As a global solutions provider, HandySoft Global is headquartered in Vienna, VA, USA, with offices in Sydney, Australia, and London, UK, and with strategic partner representation throughout the world. HandySoft has implemented process management solutions at hundreds of sites worldwide. For more information call +1-703-442-5600, email info@handysoft.com or visit http://www.handysoft.com.

# # #

HandySoft, the HandySoft logo, BizFlow, and BizFlow Accelerator Suites are trademarks of HandySoft Global Corporation. All other trademarks are the property of their respective owners.