VIENNA, VA -- 06/23/08 --
Appian, an
innovative global provider of business process management (BPM) technology,
announced today that
AGF
Trust has launched its Imaging and Workflow System built on the
Appian Enterprise Suite. AGF
Trust is a wholly owned subsidiary of
AGF
Management Limited, one of Canada's premier investment management
companies (TSX: AGF.B). The full Appian-based solution encompasses more
than 120 process models covering six product lines, and crossing numerous
functional groups including Client Services, Finance, Funding Teams,
Ongoing Administration, and Underwriting. This initial launch completes
Phase One of AGF Trust's strategic BPM rollout.
AGF Trust's Appian-based Imaging and Workflow System is designed to collect
incoming client documents and trigger corresponding business processes for
loan origination or ongoing administration. The system includes integration
with Optical Character Recognition (OCR) software to store and route
documents within Appian Enterprise, targeted process-to-process messaging
to trigger specific actions based on the receipt of documents, and the
conversion of more than 650,000 historical documents from AGF Trust's
legacy system into Appian for collaboration. In addition to automating
tasks, Appian is helping AGF Trust streamline and increase structure over
highly human-centric, mission-critical credit fulfillment and credit
servicing processes.
John Bennett, Executive Vice President at AGF, said, "We selected Appian as
our BPM partner to gain better control and more efficiency from key
business processes, improve compliance initiatives, and support our efforts
at continuous process improvements. We are excited to go live with the
initial phase of our BPM initiative."
Appian Enterprise is the first comprehensive BPM suite to offer integrated
process, knowledge, and analytics capabilities. Industry research firm
Forrester named Appian a financial services market leader in its August
2007 "Forrester Wave(TM): Human-Centric BPMS for Banking and Investments,
Q3 2007." In the report, Forrester noted Appian's "human-centric BPMS
capabilities and deep pre-built processes for banks and investment firms"
helped the company establish its position as a leader with banking and
investments organizations. The report also states that Appian "excels in
compliance with a separate compliance manager tool to support the needs of
FSIs [financial services institutions]... Appian offers strong FI
[financial institution] leadership and expertise. Other strengths include a
very solid interface framework with a three-tiered approach to interfacing
with common banking and investment applications. Finally, Appian has built
cross-channel capabilities that specifically enable visibility across all
channels and support the idea of a single enterprise process, configurable
by channel and LOB [line of business]."
"Our success with AGF Trust is a testament to Appian's position as the BPM
leader for financial services institutions," said Matthew Calkins,
President and CEO of Appian. "Appian Enterprise offers a powerful and
flexible foundation to meet the current and future needs of financial
services industry leaders, and we look forward to working together to
extend the value of BPM throughout all levels of AGF Trust's business."
About Appian
Appian is the BPM pure-play expert. Appian leads the market in BPM
innovation, delivering comprehensive, flexible and easy-to-use solutions
customized to the unique needs of individual organizations. Businesses and
governments worldwide use Appian to simplify process innovation with the
real-time visibility, control and analytics needed to improve the critical
processes that determine business performance. Appian allows all users
across the organization to effectively collaborate and be part of the
process of achieving corporate goals. Appian is headquartered in the
Washington, D.C. region, with professional services and partners around the
globe. For more information, visit www.appian.com.
About AGF Trust
AGF Trust Company, a subsidiary of AGF Management Limited, offers a range
of lending and deposit services distributed exclusively through investment
advisors, insurance agents and mortgage brokers. Products available
include: RSP loans, investment loans, home-equity loans, GICs and first and
second mortgages.
AGF Management Limited is one of Canada's premier investment management
companies with offices across Canada and subsidiaries around the world.
AGF's products and services include a diversified family of more than 50
mutual funds, the evolutionary AGF Elements portfolios, the Harmony asset
management program, AGF Asset Management Group services for institutional
and high-net-worth clients, as well as AGF Trust GICs, loans and mortgages.
With over $51 billion in total assets under management, AGF serves more
than one million investors. AGF trades on the Toronto Stock Exchange under
the symbol "AGF.B."
For Information Contact:
Ben Farrell
Director, Corporate Communications
+1 703.442.1067
Email Contact
