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July 2005 |
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PSI go live with latest CAPITAL
Package SyncSoft
at AP Insurance Conference SyncSoft to Sponsor IFSA
Conference |
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In Brief
Another financial year has passed and what a year it has
been. As many of our customers will
know SyncSoft has been very busy launching new products, implementing new
funds and customers, and working on many new R & D initiatives. We would like to take this opportunity to
thank all of our supporters whom we have worked with on these many
initiatives and we look forward to sharing another successful year in the new
Fund Choice regime. Some of the highlights in V6.4.1 include: Ø
The launching of the new CAPITAL imaging and
workflow at the PSI Group. Ø
The launching of Expression Builder v1.0 for
customers to maintain and manage their own letters. Ø
Further development of CAPITAL Business
Objects there are now more than 50 completed. Ø
Finalisation of the website including the
recently launched Client Area with a new look, updated forum and
documentation. To take a look, go to
www.syncsoft.com.au and enter the
Client Log In. A more detailed summary of items included in
V6.4.1 is listed later in this newsletter.
PSI go live with the latest version of CAPITAL
The PSI Group based in Newcastle and third party
administrator to the Nationwide Superannuation Fund, in conjunction
with SyncSoft has been working over the past seven months to implement
the latest version of SyncSoft's CAPITAL package. In addition to converting their large membership the
implementation which went live 1st July 2005, provides PSI with
Straight Through Processing (STP), Integrated Imaging and Workflow
and Automated Letter Generation for all member and employer output using the
new Expression Builder utility and links with CAPITAL's new workflow
engine. PSI is the first SyncSoft client to utilise both the
Expression Builder and Workflow initiatives. The Nationwide Super Fund is a public offer
multi industry fund. The implementation included the data
migration of 200,000 members from PSI's in-house administration system.
Paul Kolatchew, CEO PSI said, "the CAPITAL implementation provides
PSI with the latest superannuation administration capability and will allow
us to provide industry best practice member services". V6.4.1 Highlights
Integrated Workflow and Imaging - CAPITAL's basic
workflow facility has now evolved to the point where it offers a complete and
flexible solution. CAPITAL can act as the hub for all interaction with the
three main components: Image Capture, Image Storage, and Workflow Control. For further information, see the
Documentation page in the Client Area of our web site or speak to
your Account Manager. CAPITAL Business Objects (CBO's) exposes CAPITAL's
existing business processes in a programmer-friendly way to a clients' Web
User Interface (.NET/Java) or other third part applications. Regardless
of the access method utilised, CBO's ensure that the same set of business
rules are utilised reducing the cost of maintenance and support significantly
as only one set of programs, rules and formulae are required. Regression - CAPITAL Version 6.4.1 includes integration
with the Rational Robot Regression testing tool. Multi-Session Client - End Users can now have up to 5 Client
sessions open at once, providing the ability to switch between tasks without
losing their place. A typical use
would be to process a Member enquiry while in the middle of a complex
transaction. Multi-Lingual Capability - The
multi-lingual features of CAPITAL have been redesigned, employing a tool
called Easy*NLS that provides a seamless translation facility at
runtime. This capability has initially
been applied to the Client and Job sub-systems. CTL Debugger - The long awaited developer tool is
here! Our new CTL Debugger removes the
need for the old SysDebug() calls that were the bane of every CTL
Developer. CTL Debugger includes the
ability to step through your CTL business code and view variables, globals,
and XML content, vastly increasing the speed of problem resolution. Multi-Environment Build facility and other developer
improvements - The Multi-Environment Build facility
improves deployment of CAPITAL business code to multiple CAPITAL
environments, by allowing multiple sequential CTL builds to be
initiated via a single interface. We have also upgraded the version
of Microsoft's VC Compiler from Version 6 to Version 7, which will result in
more efficient runtime business code. Additionally, we have added the ability
to utilise the Incremental Linking feature of the compiler, which results in
improved Build times for non-Prepare Make builds. New Product & Expression Builder for Package - Product
and Expression Builder allow business users, rather than programmers
to: Ø
Create New Business Products Ø
Manage Product Configuration Ø
Copy Whole Business Products Ø
Create Standard Letters Ø
Create and modify Workflows in CAPITAL's new
Workflow System Ø
Create and modify formulae, such as
Benefits, Fees and Commissions. Ø
Configure security Ø
Configure CAPITAL’s Web Workbench
Product Builder is a foundation stone in SyncSoft’s
new line of .Net Products. Other Business Functionality in Package V2.6 includes: Ø
Nett Redemption functionality Ø
ATO Supermatch Interface Ø
Ability to configure forms, menu options,
fields Ø
Automatic movement of investments from
suspense to employer accounts Ø
Employer level redemptions and switching Ø
Search by special field facility Ø
Extended letter generation capability for
Word Mail merge (CSV) format Ø
User documentation that covers business
processing and system functionality SyncSoft takes a leading role in recent Asia Pacific
Insurance Executives Conference
SyncSoft as further evidence and commitment to the Asia
Pacific region increased its profile at this years Asia Pacific Insurance
Executive Conference where SyncSoft took on a leading sponsorship role
including for the first time participating in the technology exhibition that
was a focal part of the conference. The conference, organised by the Asia Insurance Review, has
become a must for the leading and developing insurance companies in the
region. In addition to SyncSoft's sponsorship role at the conference,
Rory Wainer MD of SyncSoft was selected as the only ISV to
participate in the Vendor Panel Discussion session alongside IBM,
Microsoft and Unisys. In his presentation at the conference, Rory's presentation
focussed on the topic of 'Technology and how it will enable the business
of wealth management in Asia'. The presentation addressed to following key
areas.
1.
The needs of wealth management are the same
around the world 2.
The traditional model of build your own 3.
Asia Experience 4.
What Technology Should be Doing 5.
What This Will Translate to 6.
Configuration vs. Customisation 7.
SyncSoft's View of Delivering outcomes. In summing up his presentation, Rory highlighted that;
Asia provides opportunities to adopt new methods of efficiency by using
'advanced packages' rather than 'custom build' to: Ø
Deliver flexible wealth management solutions
in a single system to handle a wide set of business requirements and products
Ø
Allows customers to receive economies of
scale, risk reduction and improved time to market Ø
Provides continuously extending
functionality and features without the need for customers to invest in
software R&D Ø
Avoids the need to invest in IT personnel
for the purpose of understanding the internal workings of the systems, it
allows customers to remain focussed on business specific requirements Ø
Provides a comparative advantage by breaking
the traditional linear cost model Ø
Returns control of the business to the
business. For a PDF down load of the
complete presentation go to the SyncSoft website www.syncsoft.com.au SyncSoft to sponsor IFSA conference in Brisbane Aug 3 to 5
SyncSoft will again be a sponsor of the IFSA definition
conference 2005 to be held at the Brisbane Conference and Exhibition
Centre August 3rd to the 5th. SyncSoft is committed to supporting industry initiatives such
as the annual IFSA conference. Apart from giving SyncSoft the
opportunity to meet customers and new prospects, Conferences such as IFSA
provide an excellent opportunity for updating our people on what's happening
in the industry. At the conference SyncSoft will be exhibiting and demonstrating
the latest features of CAPITAL and we are planning on an exciting 'give away'
to those that visit us at our exhibition booth, so hope to see you there. For more information on the features and functionality
currently supported by CAPITAL please contact your Account Manager or Karen
De Angelis on +61 3 9837 1411. |
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