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Hyland Software Named a Market Leader in Document Management for Banking Industry by Celent

Report cites business process efficiencies, customer service, compliance as key drivers for document management technology adopt

CLEVELAND, Dec. 6 /PRNewswire/ -- Hyland Software Inc., developer of the OnBase(R) enterprise content management (ECM) software suite, announced that Celent, an international strategy consultancy for financial institutions, has listed Hyland Software as an industry leader in document management in its recent report, entitled "Document Management in Banking: Overview and Solution Spectrum".

The report evaluates the current state of document management in the banking industry and divides document management providers and their technology into two categories: document creation and document handling. Hyland Software was named a market leader in the document handling technology category, which is defined as solutions that include the functionality for "image capture, routing, management, storage, indexing, retrieval and delivery of documents containing the information needed to provision banking products and communicate with customers."

"Hyland Software has a strong presence and deep domain knowledge in banking and financial services," said Madhavi Mantha, senior analyst for Celent and author of the report. "The need for managing documents more efficiently is both an enterprise-wide and line-of-business requirement for banks. For this reason, document management is integral to an effective ECM strategy."

OnBase is an ECM software suite with applications that include document imaging, workflow, electronic document management, COLD/ERM and records management. OnBase allows financial institutions to manage all digital content, including scanned paper documents, e-mails, faxes, print streams, application files, e-forms, Web content and multimedia files.

"Nearly 3,000 banks use OnBase and Hyland Software's success within this space is directly attributable to the success of our customers and partners," said Jason King, director of Financial Services for Hyland Software. "Since 1991, Hyland Software has been driven by the same, unwavering objective - to provide rapidly deployable and easy-to-use ECM solutions that solve the specific business challenges of small to large financial institutions around the world in order to help them increase process efficiencies, provide a high- level of customer service and comply with regulatory mandates."

The full report can be found at http://www.celent.com/PressReleases/20061110/DocMgmt.htm.

About Celent

Celent, LLC is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally experienced analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis.

About Hyland Software Inc.

Established in 1991, Hyland Software Inc. is the developer of OnBase, a rapidly deployable suite of enterprise content management (ECM) software applications. OnBase is a modular suite of ECM applications that includes document imaging, workflow, electronic document management, COLD/ERM and records management. OnBase allows organizations to manage all digital content, including scanned paper documents, e-mails, faxes, print streams, application files, e-forms, Web content and multimedia files. OnBase is used by businesses and government agencies around the world to reduce the time and cost of performing important business functions and address the need for regulatory compliance through the management, control and sharing of digital content with employees, business partners, customers and other constituencies. For more information about OnBase, please contact an OnBase Authorized Solution Provider or visit http://www.onbase.com/.

Media Contacts: Michael Birnbaum Lindsey Quirk (678) 781-7220 (678) 781-7217 [email protected]@williammills.com

Hyland Software, Inc.

CONTACT: Michael Birnbaum, +1-678-781-7220, or
[email protected], or Lindsey Quirk, +1-678-781-7217, or
[email protected], both for Hyland Software, Inc.

Web site: http://www.onbase.com/
http://www.celent.com/PressReleases/20061110/DocMgmt.htm

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