PRESS RELEASE
June 17, 2002
Centerprise Services to Appear in IBM Booth 2217 at SIA Industry
Conference in New York
NEW YORK - Centerprise Services, Inc., an "ERP for the financial markets" technology software firm and an IBM-recommended operational risk solution, will be exhibiting at the Securities Industry Association's (SIA) Technology Management Conference in IBM (NYSE: IBM) booth number 2217.
The conference will be held June 19-21, 2002 at the Hilton New York in New York City.
"The SIA conference in New York combined with IBM's invitation to participate in their upcoming 'Operational Resilience' conference program in the UK represent major opportunities to further strengthen our efforts in delivering an operational risk management solution," said Jonathan Pruett, Centerprise's vice president, sales and marketing.
IBM has been working with Centerprise on the best use of IBM technology for the development of an integrated solution for operational risk.
OpRiskCenter™, one of 13 modules that comprise CenterSphere™, an enterprise management system developed specifically by Centerprise for the financial services industry, and in particular, for the wholesale capital markets sector, is an operational risk management solution built on an enterprise-wide organizational, process and data management foundation.
It brings together in a single framework four elements needed
for a strong operational control environment:
- Operational risk management functionality, including control self assessment tools, loss event capture, operational risk analytics, key risk indicator classification and reporting - Organizational management and accountability definition, which enables users to manage and define roles, staff assignments and detailed responsibilities - Business process management and audit trail, enabling your firm to define and automate workflows, define escalation rules and use audit trail data for key risk exposure metrics - Data collection and monitoring, which supports software system inventory management, data source definitions, data feed monitoring, and various data transformations via message flows.
Information concerning Centerprise's participation in IBM's Operational Resilience program is available at www.euromoney.com/IBM-OR/index.html (registration required).
About Centerprise
Centerprise is a technology solutions software and services company that offers a broad, integrated, yet modular enterprise management system developed specifically for the financial services industry and, in particular, for the wholesale capital markets sector. Their product suite, CenterSphere, designed from the ground up to facilitate the management and control of the financial enterprise, integrates all the key managerial disciplines into a single framework, achieving a new level of cost efficiency for the enterprise not previously possible.
At the same time, the framework is flexible; components can be implemented incrementally as needed, including: organization and accountability management, portfolio (position) management, financial reporting (general ledger), enterprise-wide workflow process, market risk, credit risk and operational risk management, analytics, daily trading P&L reporting and attribution, customer relationship management, human resources, legal and compliance, audit management, market and enterprise data and application integration management.
CenterSphere is the first enterprise system built specifically for the requirements of capital market organizations by capital market veterans.
The company is headquartered in Purchase, New York. For more information, visit www.centerprise.com.
Contact:
Martin Rabkin
martinrabkin, inc.
+1-845-425-1064
mrabkin@optonline.net