Managed Solutions Corporation brings front-to-back office solutions closer to financial services providers in Eastern and Central Europe

January 27, 2000 - Dublin, Budapest - Managed Solutions Corporation, the specialist provider of front-to-back office solutions to the financial services sector, has signed a partnership agreement with KFKI, the leading systems integration specialist within financial services in Eastern and Central Europe.

Under the agreement, KFKI will market and implement Managed Solutions' suite of front-to-back office solutions to the life insurance and banking sector across the region. The complete CRM suite includes Workwise, an automated workflow component that integrates seamlessly with Clientwise, the CRM component and Lifewise, a new system for processing life and pension insurance.

The deal allows Managed Solutions, which has offices in Ireland, Great Britain, Netherlands and the US, to develop its customer base further by leveraging KFKI's strong presence in the region.

'Even at this early stage, results are already being seen from the agreement,' said Michael Kelly, managing director of Managed Solutions. 'As our relationship with KFKI grows, we look forward to becoming the leading supplier of integrated front-to-back office solutions to the increasingly competitive financial services sector in Central and Eastern Europe.'

KFKI expects the demand for CRM solutions in Europe to grow exponentially in the years to come. KFKI wishes to play a leading role in this market and intends to invest on a large scale in the development of resources to support their customers in this field.

President of KFKI Group, János Szlankó said, 'As competition increases, Hungarian financial services providers need front-to-back office, customer focused solutions, and having the right partner allows KFKI to meet their expectations.'

Further information for editors:

Managed Solutions Corporation
Managed Solutions Corporation is dedicated to developing technologies that are designed to improve profitability and enhance customer service and interaction within financial services organisations. It provides a range of products that co-exist with legacy administration systems and can be integrated with specialist third party systems and tools. Managed Solutions' product offering comprises:

  • Clientwise, a customer-care system which provides the 'whole picture' of the customer's relationship with the organisation;
  • Workwise, which defines business process interdependencies, service levels and assignment of tasks to appropriate departments/people;
  • Lifewise, a fully functional front- and back-office, new business and contract administration system which seamlessly integrates with Clientwise.

The company currently employs 110 staff at its headquarters in Dublin, and has offices in the UK, Netherlands and America. Customers include Britannia Group, Canada Life UK, Northern Rock, Derbyshire Building Society, Reaal (Netherlands) and Friends First (Ireland). More information about Managed Solutions can be found at www.managed-solutions.com

KFKI
KFKI Computer Systems Group is involved in system integration, the development of application software systems and Internet/Intranet systems and network integration. Headquartered in Hungary, KFKI is the leading systems integration specialist in the Central and Eastern European region.

The KFKI Group's performance has shown continuous development. The Group achieved this growth as a result of its organic development. The 11 billion HUF revenues planned for 1999 have also been realized, which means a growth of 50 percent compared to those of the previous year. The number of employees working on KFKI's team has been increasing since 1997, and it exceeds 600 in 1999. Over 80 percent of its staff have obtained higher education degrees. The equity of KFKI Computer Systems Corporation exceeds 5,5 billion HUF, with a Hungarian majority ownership.

More information about KFKI can be found at www.kfki.com.

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