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CRM Vendor Open Solutions Picked By PCBB

September 29, 2006
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CRM vendor Open Solutions Inc. has announced that Pacific Coast Bankers' Bank, with $473 million in assets, has selected its enterprise-wide data processing platform, The Complete Banking Solution, and other Open Solutions' complementary applications.



The second largest bankers' bank in the United States in terms of assets under management, PCBB provides correspondent banking services to more than 400 independent community banks across the country.

Open Solutions sells integrated enabling technologies for financial institutions in the United States, Canada and internationally. In September 2005, Open Solutions announced an agreement with PCBB to offer PCBB customers its image item processing services as a complement to PCBB's cash letter settlement service.

Last week Open Solutions announced a partnership with Rosetta Technologies Corporation, a Tampa-based vendor of secure enterprise printing products. The partnership will provide enhanced software and MICR laser printers for the printing and management of image replacement documents (IRDs) or substitute checks for the new Check 21 initiative.

With the addition of the Rosetta Technologies functionality to Open Solutions' imaging and item processing lineup, banks and credit unions processing items in-house can print cash letter and IRDs.

"This relationship is unique in that Open Solutions is not only going to resell Rosetta Technologies solutions in a traditional value-added reseller capacity, but Open Solutions is already an end-user of our IRDPrint products in their item processing sites," said Rob Hullar, president of Rosetta Technologies.

Tom Evans, president and CEO of PCBB, said his company's primary focus was "finding an open architecture application that would allow the CBC to interface in a dynamic environment." They were also looking for a core platform "that could change as we grow, not only in assets but also in customers, products and services. We evaluated numerous vendors and focused on identifying the best solution to interface our in-house applications with the core database."

In addition to The Complete Banking Solution, PCBB will implement Open Solutions' Financial Accounting Suite -- general ledger, accounts payable and fixed assets -- and cView MyVision and Report Wizard.

Evans said the cView report writer would be used to create custom reports from many different applications including the core processor, CBC and others.

David Sims is a contributing editor for TMCnet. For more articles please visit David Sims’ columnist page.




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