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May 2, 2003
Arius Announces Open Advantage™ Solution for Wealth Management Firms
Converting Obligations into Revenue
WATERLOO, ONTARIO, May 2, 2003 Arius Software Corporation announced release of Open Advantage™ a software solution that oversees the account opening process across the entire business producing a single personalized agreement that requires one signature, while embracing recent compliance and privacy expectations.
Open Advantage™ Solution
"Our research showed a consensus between wealth managers and customers that the current process of filling in and signing several standardized forms to open up new accounts was in direct contrast to the expectation of personalized service" say Adam Zimmer, Arius' CEO and co-founder. Arius enables wealth management firms to attract new customers, increase efficiency, and reduce cost by creating a superior personalized account opening experience.
"Unlike electronic forms, which tend to "mechanize" the laborious nature of the
paper-based process", Gary Baksi, Vice President Client Solutions points out
that Open Advantage™ account opening process is a fluid experience. Open
Advantage™ creates an optimal questionnaire on-the-fly which:
- Pre-fills data the firm already knows about the customer,
- Eliminates redundant and inapplicable questions,
- Supports permission-based use of CIF to up-sell and cross-sell, and
- Distills several separate account agreements into a single personalized document.
About Arius Software Corporation
Founded in 1999, Arius has built upon its experience in custom front and back office financial service solutions to design its Open Advantage™ account opening and client agreement solution. Arius' enterprise class software architecture ConnectedDB reduces the cost, complexity and time for integration and deployment by transforming application design models (UML) into robust, scalable and secure solutions. Arius will build on this already successful enterprise-class architecture, its CVA and Open Advantage™ solutions, and its relationships with institutions such as TD Waterhouse and Pacific & Western Trust.
For more information, please visit www.ariussoftware.com
Arius Software Corporation
Marsland Centre, Suite 1204
20 Erb
Street West
Waterloo ON N2L 1T2
Phone: (519) 885-9045
www.ariussoftware.com
For further information contact:
Gary Baksi
Vice President, Client Solutions
Arius Software Corporation
Phone (519) 885-2945
Cell (416)
889-7716
gary@ariussoftware.com
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