New Solution From Misys Enables Banks and Investment Managers to Deploy Cross-Asset Trading Capabilities in Less Than 4 Months


LONDON, February 10 /PRNewswire/ --

- Latest Rapid Implementation Solution, Misys Summit Quick Start, 
Provides Complete Out-of-the Box Cross-Asset Trading Solution With Reduced
Implementation Risk and Rapid Delivery

Misys (LSE: MSY), the global application software and services company,
today announced the launch of Misys Summit Quick Start - a new rapid delivery
solution for banks and investment managers, which provides pre-packaged
applications and services to support trading operations across all asset
classes and enable firms to achieve higher returns on assets.

Many analysts and market commentators have noted that financial
institutions are giving higher priority to IT projects that require lower
capital investment and lower lead times. This need for reduced risk and
visible savings during the financial crisis has driven Misys' investment in a
new series of 'Quick Start' offerings, within which Misys Summit Quick Start
is the second solution unveiled, following the release of Misys Opics Plus
Quick Start in December 2008.

Misys Summit Quick Start has been developed by Misys to help firms meet
the challenges of the current economic climate. It brings together a core
solution which includes pre-configured modules of either Summit FT or Summit
Invest - Misys' flagship cross-asset trading solutions for front-to-back
office transaction processing and risk management - along with proven
professional services methodology.

The new solution benefits firms in a number of ways. As with all Quick
Start solutions, Misys Summit Quick Start provides reduced implementation
risk due to Misys' proven methodology and successful track record of working
with 140 Summit customers over the last 19 years. Misys Summit Quick Start
also offers a much faster implementation time as it comes with a standard 4
month implementation timeframe; more than a 50% reduction compared with a
traditional Misys Summit FT implementation. Finally, the latest solution
promises better control and efficiency for customers due to the standardised
package implementation that limits on-site configuration as a result of prior
definition of standards.

Dan Cohen, Global Solutions Manager for Misys Summit FT comments: "Recent
events have shown that silo-ed best of breed approaches don't always work. A
pre-configured solution is valuable as it not only reduces implementation
times, costs and time to market but also contains a wealth of knowledge we've
built up from working with some of the world leaders built into the solution,
ready for firms to take advantage of. Simply put, we feel we're offering
financial institutions the most advanced functionality in the shortest
timeframe to help them responsibly manage a wide range of financial
instruments across front, middle and back office functions."

Misys Solutions for Treasury & Capital Markets has 19 years of
experience and unrivalled software development expertise. It creates
integrated, comprehensive solutions for financial institutions to manage
their capital market activities across multiple asset classes.

About Misys plc

Misys plc (LSE: MSY), provides integrated, comprehensive solutions that
deliver significant results to organisations in the financial services and
healthcare industries. We maximise value for our customers by combining our
deep knowledge of their business with our commitment to their success.

In banking and treasury & capital markets, Misys is a market leader, with
over 1,200 customers, including all of the world's top 50 banks. In
healthcare, Misys plc owns a controlling stake in NASDAQ listed
Allscripts-Misys Healthcare Solutions, Inc, a clear leader in the provision
of healthcare technology, serving more than 150,000 physicians, 700 hospitals
and nearly 7,000 post-acute and homecare organisations. Misys employs around
6,000 people who serve customers in more than 120 countries.

We aspire to be the world's best application software and services
company, delivering results for the most important industries in the world.

Misys: Experience, Solutions, Results

Contact us today, visit: http://www.misys.com

For further information or to request an interview with a
    Misys spokesperson, please contact:

    Stephen White
    Misys Solutions for Treasury & Capital Markets
    t. +44-(0)203-320-5593
    e. stephen.white@misys.com

© PR Newswire Association LLC.

News archive

Subscribe to AfterDawn's weekly newsletter.