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New FileNet Records Manager minimises burden of RM decisions

  • 24 August, 2004 09:48

<p>SYDNEY—August 24, 2004—FileNet Corporation, a leading provider of Enterprise Content Management (ECM) solutions, today announced availability of the company’s new ECM product suite, FileNet Records Manager.</p>
<p>Built on the company’s FileNet P8 ECM platform, FileNet’s award-winning Records Manager suite offers customers a comprehensive records management solution that is designed to help enforce compliance by automating and streamlining an organisation’s records-based procedures and reducing unnecessary end user participation in the processing of records.</p>
<p>FileNet Records Manager, powered by FileNet’s ZeroClick technology, is designed to solve regulatory compliance challenges and manage risk by helping organisations:</p>
<p>• Organise, securely store and quickly retrieve essential company records
• Automatically enforce records management policies
• Reduce organisational risk, lower operational costs and improve productivity
• Comply with records retention policies
• Ensure that expired records are destroyed in a legally acceptable manner
• Reduce discovery and storage costs</p>
<p>FileNet believes its Records Manager solution offers companies an evolutionary approach to records management that is necessary to meet today’s regulatory compliance needs.</p>
<p>“We believe an organisation’s records management initiative needs to be more than just a plan for meeting regulatory compliance,” said James Rae, FileNet’s Managing Director, Australia and New Zealand. “A successful corporate records management initiative must also deliver a return on investment through the reduction of corporate risk and discovery cost in addition to the ability to automate the management of the growing amount of content throughout organisations today.</p>
<p>“FileNet Records Manager offers our customers a process-oriented approach to records management, designed to automate end-user policies of enforcement, reduce risk and generate cost savings, while providing the scalability needed to ensure records management and regulatory compliance across the enterprise. We believe, it is the only solution that automates the entire records management lifecycle process, invisibly enforces consistent compliance and records management policies throughout an enterprise, and delivers a tangible return on investment,” he said.</p>
<p>Rae also noted that FileNet Records Manager was honoured as “Best Records Management Solution” by AIIM E-DOC Magazine at the AIIM 2004 Conference and Exhibition held last March. The event is the world's largest conference and exposition focused on ECM, and is hosted by AIIM (Association for Information and Image Management), the industry’s leading authority on the topic.</p>
<p>BearingPoint speaks of value of Records Management</p>
<p>BearingPoint, Inc., one of the world’s largest business consulting, systems integration and managed services firms, and a FileNet alliance partner, considers records management to be a key factor for the success of its clients in the financial services sector.</p>
<p>“Heightened scrutiny around corporate accountability, business controls and disclosure of information has given rise to new interest in records management,” said Christopher Formant, executive vice president with BearingPoint’s Financial Services practice. “FileNet Records Manager is the type of offering that can help companies manage corporate records and help them to demonstrate to shareholders their commitment to true transparency.”</p>
<p>Formant noted that corporations recognise that the ability to consistently control, archive and dispose of critical business documents is essential to meet new and more stringent regulatory and legislative demands facing all public corporations today.</p>
<p>FileNet ZeroClick
While many organisations are hard at work establishing records management policies and retention schedules, many are finding the greater challenge is getting employees to use the system. The key differentiator in FileNet Records Manager is its FileNet ZeroClick solution, which is designed to enforce records management policies at the technology layer, reducing user-related error, time and cost factors, and helping to ensure best-practice records management.</p>
<p>The underlying functionality of FileNet ZeroClick is “Active Content,” where content and business processes work together to facilitate and accelerate information exchange, and respond to business or transaction events. In this way, content is fully leveraged and “activated” as part of a business decision.</p>
<p>“FileNet ZeroClick ensures employees use the technology because it is integrated into their daily work routines and invisibly enforced,” said Bob Williams, president of records management consulting firm Cohasset Associates, Inc. “This is significant because in the past, the onus of records management has been placed on employees. And many records management systems have required such a high level of employee involvement that they have been largely ignored, leading to a lack of policy enforcement and many failed deployments.</p>
<p>“FileNet ZeroClick enables companies to leverage their human resources when and where they add the most value, and reduce cost and error potential, to ensure records policy enforcement and lower cost administration. Moreover, it can reduce time and costs associated with legal discovery processes by ensuring that all records related to a specific business process or project are programmatically declared, classified and retained.”</p>
FileNet Records Manager is now shipping. For more information, please contact (02) 8224 9900 or visit Manager.</p>
<p>About FileNet
FileNet Corporation (NASDAQ: FILE) helps organisations to make better decisions by managing the content and processes that drive their business. FileNet’s Enterprise Content Management (ECM) solutions allow customers to build and sustain competitive advantage by managing content throughout their organisations, automating and streamlining their business processes, and providing the full spectrum of connectivity needed to simplify their critical and everyday decision-making.</p>
<p>FileNet ECM solutions deliver a comprehensive set of capabilities that integrate with existing information systems to provide cost-effective solutions that solve real-world business problems.</p>
<p>Since the Company’s founding in 1982, more than 4,000 organisations, including more than three-quarters of the Fortune 100, have taken advantage of FileNet solutions for help in managing their mission-critical content and processes.</p>
<p>Headquartered in Costa Mesa, Calif., with offices in Sydney, Melbourne and Canberra, the company markets its innovative ECM solutions in more than 90 countries through its own global sales, professional services and support organisations, as well as via its ValueNet® Partner network of resellers, system integrators and application developers. Visit FileNet's Web site at, or call (02) 8224 09900.</p>
<p>Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
This release may contain forward-looking statements that involve risks and uncertainties, including statements related to the performance of FileNet’s products, and the benefits that may be realized from use of FileNet Records Manager. Words such as "anticipates," "expects," "intends," "plans," "believes," "may," "will" and similar expressions are intended to identify forward-looking statements. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are possible difficulties encountered in implementing and ensuring organizational adoption of FileNet’s products, FileNet's ability to develop, complete, introduce, market, distribute and gain market acceptance for its products and technologies in a timely manner; announcements of technological innovations, new products or product
enhancements by FileNet or its competitors; general market conditions; and other factors detailed in the FileNet's filings with the Securities and Exchange Commission, including its recent filings on Forms 10-K and 10-Q.</p>
<p>Note to editors: FileNet and ValueNet are registered trademarks of FileNet Corporation. FileNet P8 is a trademark of FileNet Corporation. All other company or product names referenced in this release may be trademarks or registered trademarks of their respective owners.
Media Contacts:</p>
<p>James Rae David Frost
FileNet Corporation PR Deadlines
Phone: 02-8224 9900 Phone: 02-4341 5021</p>

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