Southwest Indiana Bankers Impressed by ISBDC Financial Analysis Resource
June 08, 2008
EVANSVILLE, Ind.– The Southwest Indiana Small Business Development Centers (ISBDC) recently provided eleven Southwest Indiana bankers with a free demonstration of Inmatrix Optimist, a financial diagnostic and strategic analysis tool available through the ISBDC. Optimist helps develop and refine strategic planning initiatives from financial statements.
“The ISBDC strives to offer products and programs that provide tangible value to Indiana small businesses,” said Jeff Heinzmann, ISBDC State Director. “That’s why we have made Optimist available through all of our business advisors across Indiana. Optimist helps businesses grow by identifying financial management issues and evaluating the possible impact of various actions to a business’ bottom line.”
Optimist provides entrepreneurs with graphic representations of their business financials. Through a sophisticated strategy function, built into Optimist, ISBDC Business Advisors can assist entrepreneurs with “what-if” scenarios. Using industry benchmarks as a guide, entrepreneurs can view the direct impact their financial management decisions have on their business. The use of Optimist is free through any ISBDC office. A nominal charge is incurred for printed reports.
“Optimist is an excellent resource for our local small to medium size businesses,” said Jaron Hargis, Vice President Chief Credit Officer for Evansville Commerce Bank. “It helps entrepreneurs better understand the impact sales growth has on the cash flow of a business.”
Roger Pell, Inmatrix Senior Vice President, joined ISBDC staff in Evansville and Terre Haute for the demonstrations.
Start strong in lean times In sluggish economy, focusing on consumer needs a key to success
June 08, 2008
Source: Richmond Times Dispatch
"It's always a good time to start a business as long as it's a good business," said Frank Franzak, chairman of the marketing department at Virginia Commonwealth University.
What businesses are good to start or operate in a slow economy? Debt collectors, employment agencies, security firms and health-care suppliers are among them, according to LegalZoom.com Inc., the California-based online legal documents service that keeps a pulse on a variety of business and consumer topics.
The reason: Those types of businesses offer something that consumers need.
Another good venture to consider in a sluggish economy is a business-to-business consultancy, said Mike Leonard, director of the Small Business Development Center in Richmond.
Entrepreneurs who can go in and make businesses more efficient and help them save costs likely will find success during slow times, he said.
For instance, Inmatrix Inc. sells companies computer software programs that predict the outcome of proposed business decisions before the owner commits time, money and human resources.
That type of consulting is "definitely a good recession business because the financial advisers that we serve on a worldwide basis are constantly helping the clients they serve deal with recessionary times," said Roger Pell, senior vice president of the San Francisco-based company that recently opened an office in Richmond.
Even when the economy hits rock bottom, people still start businesses at the same rate or higher than at other times, Leonard said.
During the roaring economic times of the late 1990s, 21,270 businesses started up in Virginia in 1999 and 22,219 started in 2000, according to statistics from the SBA Office of Advocacy. During the 2001-2002 recession, 21,376 businesses got started in 2001 and 21,438 started in 2002.
Many people remain optimistic about starting or expanding a business now, said Will Vehrs, spokesman for the Virginia Department of Business Assistance.
Interest in the agency's programs, and the people streaming into or calling its business information center have not flagged, he said.
"If anything, people seem to be getting better prepared and asking better questions," he said. "We've been under the impression that it's still a good time to start a business."
The key to success for any small business regardless of when the company begins or what the firm does is planning and having a good business plan, said Scott Dailey, assistant district director for lender relations at the U.S. Small Business Administration in Richmond.
Inmatrix teams up with AppStream to deliver the latest in application deployment
19th October 2007
Inmatrix has entered into an exclusive relationship with AppStream Inc., a leader in on-demand application deployment and management. By combining application streaming with application virtualization technologies, AppStream offers the most flexible application management solutions, with the fastest implementation time.
There is no re-engineering of the Inmatrix product, and AppStream can be used to package the product for streaming, uploading to a server, and allowing the applications to be delivered for sale or on a subscription basis.
"Working with AppStream allows us to focus on delivering high quality financial products to our customers," says David Allen, COO, Inmatrix, Inc. "One example is the Association of Small Business Development Centers. AppStream's unique streaming platform delivers efficiencies in both installation and service. That has meant savings in time and money permitting the potential of 4,000 installations nationally that otherwise could not be implemented in a cost-effective manner."
About AppStream
AppStream, Inc. is a leader in on-demand application deployment and management. By combining application streaming with application virtualization technologies, AppStream offers customers the most flexible application management solutions at the most affordable price, with the fastest implementation time. AppStream also enables a Software as a Service (SaaS) business model by transforming any Windows-compatible software application into a service over the internet. AppStream does this through patented on-demand technologies and partnerships with industry leaders. AppStream is headquartered in Palo Alto, CA with offices in Europe, Asia, and the Americas. For more information, please visit www.appstream.com.
Inmatrix Inc. and the Association of Small Business Development Centers Enter Into Strategic Alliance Agreement to Enhance Job Creation and Economic Impact
24th July 2007
Inmatrix Inc. and the Association of Small Business Development Centers (ASBDC) announced today that they have entered into an alliance agreement under which Inmatrix will provide its flagship software solution, Optimist, to ASBDC members with preferred pricing and web-based delivery. ASBDC members include over 4,000 small business development consultants operating through roughly 1,000 small business development centers in the U.S. and its possessions.
Don Wilson, President and CEO of ASBDC said, “Optimist is clearly next generation business intelligence software and can greatly enhance small business development center (SBDC) consultants’ success in demonstrating measurable results in both job creation and economic impact in the communities they serve. SBDC consultants provide management and technical assistance and training to more than 1.3 million small business owners and aspiring entrepreneurs each year. Optimist is a valuable resource that can reinforce the consultants’ work in free, confidential, face-to-face business consulting, training on writing business plans, accessing capital, marketing direction, sound decision-making and more.”
David Allen, Chief Operating Officer of Inmatrix added, “We are excited to join with ASBDC in delivering Optimist as a powerful business diagnostic and financial analysis tool. With the addition of Optimist, the entire network of consultants can employ a valuable additional resource to strengthen themselves in their mission to help new entrepreneurs realize their dream of business ownership, and assist existing businesses to remain competitive in the complex marketplace of an ever-changing global economy. With budgetary constraints and economic uncertainty, the consultants are constantly called upon to do more with less. Optimist will support that effort by helping to forecast future business outcomes thereby saving time and facilitating serving more business owners.”
Donna Ettenson, Vice President of Operations of ASBDC further remarked, “During my years as a small business development consultant, I have seen and used numerous financial analysis tools on the market today. Inmatrix’s Optimist software stands out as an extraordinarily robust platform that is exceptionally user friendly. Optimist’s unique functionality can greatly aid SBDC consultants in assisting their clients to better manage and grow their businesses. In turn that growth will help expand the nation’s small business economy, enhance American competitiveness and assist SBDC small business clients to fulfill their entrepreneurial dreams.”
About Association of Small Business Development Centers
Established through a public/private partnership by Congress in 1980, the Small Business Development Center national program is the most comprehensive, efficient and effective business assistance network in the nation. The mission of America’s Small Business Development Center network is to help new entrepreneurs realize their dream of business ownership and existing businesses remain competitive in the complex marketplace of an ever-changing global economy. Consulting services at small business development centers nationwide are available to small business owners and aspiring entrepreneurs at no cost.
Approximately 1,000 local SBDC offices extend entrepreneurial management assistance to meet small business needs, through individual counseling, training and research assistance while serving roughly 1.3 million clients annually. SBDCs provide individual one on one confidential consulting to approximately 250,000 consulting clients annually. SBDCs provide training to another 450,000 clients and informational resources to approximately 600,000 additional businesses. SBDC long term counseling clients created over 80,000 new jobs, and generated roughly $660,000,000 in new federal and state tax revenues in 2005.
Inmatrix reinforces its reputation as a global leader in credit risk management solutions with the release of Optimist 7.3.
July 18, 2007
Flexibility, efficiency, streamlined solutions and the capacity to integrate with any ratings tool are key features of the newly released software.
Optimist 7.3 is an internal credit risk management solution and a front-end relationship management tool which arms commercial bankers with vital financial analysis, diagnostic and communication tools to build, manage, and sustain profitable commercial loan portfolios.
The next generation of Optimist provides an integrated credit work flow platform that is designed to replace manual workbook and Excel spreadsheet systems by eliminating duplication in data entry and vastly improving the speed, accuracy and consistency of loan approval documentation.
Inmatrix COO, Mr. David Allen, emphasized that Optimist 7.3 sets a new benchmark in risk management and client relationship management software.
“The release of Optimist 7.3 demonstrates our ongoing commitment to deliver the world’s best credit risk software which helps make our customers more successful.”
“Optimist 7.3 improves banks’ commercial lending results, enhances clients’ business performance, strengthens customer retention and provides a market-differentiator for banks using the application,” Mr. Allen said.
Through the release of Optimist 7.3, Inmatrix delivers significant advances in Credit Risk analysis, including:
- Meeting the requirements of CRE regulations: Through the introduction of ‘worksheets’ Optimist 7.3 delivers the capability for focused analysis of construction projects, income-producing property and property developments. All worksheets are integrated within Optimist reports, and can be included in credit approval documentation.
- Customized credit write up tool kit: Optimist 7.3 provides flexibility to create, manage and edit loan approval documents - offering unlimited potential to custom-create reports. Customized ‘templates’ can be built within Microsoft Word and Excel programs, with the data linked directly to Optimist models. These templates are then integrated with institutions’ credit workflow and processes.
- Standard & Poor’s Integrated Credit Risk Assessment: Inmatrix’s strategic alliance with Standard & Poor’s, delivers a premier financial diagnostic tool with the capability of assessing credit risk across the middle market. Using Standard & Poor’s CRT, Optimist 7.3 has the capability to provide:
- a Risk Rating and Probability of Default (PD) on a one-page scorecard;
- graphic representation of a customer’s trend for Probability of Default over the last four years; and
- a formal credit report detailing the customer’s business performance and credit risk, therefore delivering a completed credit risk management and measurement solution.
By maintaining all relevant financial and non financial obligor information within one central database users have instant access to information by customer, or on a deal by deal basis. Optimist provides greater consistency in forms, templates and access to data.
For further information on Optimist 7.3 click here to download Product Profile.
Inmatrix and Standard & Poor’s launch next generation
credit analysis and tracking software
February 23, 2006
Inmatrix together with Standard & Poor’s Risk Solutions have launched an integrated credit risk management platform.
The new version of Inmatrix’s flagship Optimist stress-testing and financial modeling software incorporates Standard & Poor’s Credit Risk Tracker (CRT) Probability of Default (PD) model to create a complete credit risk management and measurement solution.
The jointly developed software is expected to become the new industry standard for banks in managing and assessing financial risk within the small to medium-sized business sector in the United States.
Through the integrated Optimist/CRT platform, dynamic stress testing and scenario modeling capabilities delivered via ‘what-if’ and ‘goalseek’ techniques are able to sensitize business plans and credit conditions, tracking client financial performance, key credit approval metrics and expected default probability and rating.
Standard & Poor’s has developed the best-performing PD model for assessing the credit risk of middle market private firms throughout the United States. Credit Risk Tracker North America – a scoring model that produces forward-looking, one year PDs – establishes a new standard for evaluating risk within the hard-to-benchmark category of smaller, privately held companies. Importantly, creditors and investors can now begin to use a common risk language for these types of credits.
Standard & Poor’s CRT model has been seamlessly integrated with Optimist, providing lenders and relationship managers with a comprehensive risk assessment dashboard.
Standard & Poor’s Executive Managing Director, Mr Jitendra Sharma, said the partnership will deliver the premier risk assessment tool for the commercial lending market, combining Inmatrix’s dynamic stress testing and scenario modeling capability with Standard & Poor’s proven quantitative risk rating expertise.
“We’ve been working with Inmatrix for the past 18 months on joint product development and strategies for growth in this sector. The integration of our risk management and tracking software was an obvious fit – and has created a new industry standard for risk assessment of traditionally difficult-to-measure small and medium-sized private companies,” Mr Sharma said.
Inmatrix COO, Mr David Allen, said the obvious synergies between Inmatrix’s and Standard & Poor’s products provided a compelling reason for joint product and market development.
“We’re delighted to partner with Standard & Poor’s by incorporating their software into our new Optimist package.”
“This product is the risk management gold standard for any bank with exposure to small and medium-sized companies, allowing quicker and more accurate decision-making on loan approvals and limits.”
About Standard & Poor’s
Standard & Poor’s is the world’s foremost provider of independent credit ratings, indices, risk evaluation, investment research, data and valuations. With approximately 6,700 employees located in 21 countries and markets, Standard & Poor’s is an essential part of the world’s financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions.
Standard & Poor’s Risk Solutions (www.risksolutions.standardandpoors.com) helps clients worldwide to develop, enhance and validate their credit assessment processes, collect and analyze data, model credit risk and train staff. Risk Solutions leverages Standard & Poor’s experience in credit assessment to help institutions manage their credit activities with confidence.
For further information on this article please contact Inmatrix
For more information about the Optimist Product Profile CLICK HERE
Inmatrix on show at ACB-WIB conference
February 6th 2007
Inmatrix will be attending the forthcoming ACB – WIB 2007 National Real Estate Lending Conference & Marketplace in Las Vegas, Sunday February 11 – Wednesday February 14.
Inmatrix, through its next generation spreading and credit analysis tools, are assisting a wide range of community banks to meet more stringent examiners requirements and improve the quality and reliability of their risk management processes.
Through its strategic partnerships with both WIB & ACB, Inmatrix is able to offer Association members the most advanced banking tools for Commercial loan portfolio management and analysis.
Inmatrix are leading the world in delivering solutions to meet the changing needs of commercial lenders.
If you are interested to find out more how Inmatrix can assist you, please come and visit Inmatrix at booth #16.
Inmatrix Global Head office moves to San Francisco
October 3rd 2006
Having operated successfully from Chicago, IL over the last 18 months, Inmatrix has now completed its relocation to its new Global headquarters in San Francisco, CA.
Inmatrix President & CEO, Dileep Ramachandran comments that "as we experience further growth & development we found it necessary to re-locate to the West Coast in order to better serve the growing needs of our customers & our growing team. The move to San Francisco is a further step in the global expansion of the Inmatrix group".
Inmatrix to present at SME Banking & Financing conference
September 25th 2006
Inmatrix is delighted to announce its forthcoming association with the Marcus Evans Group whereby Inmatrix will be a key sponsor & presenter at the SME Banking & Financing conference in Kuala Lumpar in November.
As Inmatrix expands its reach further in the Asian market, this conference offers a variety of highly topical issues confronting Lenders.
The key topics that this event will cover are:
• Portfolio management in SME Banking and Financing
• High performance business banking: Winning an “unfair” share
• Developing and assessing the benefits of cross selling
• Building capabilities of SME Bankers
• Maximising effectiveness at client level
This conference is aimed to equip Lenders to the SME sector, with proven strategies to develop, differentiate and enhance their SME banking portfolio and to capture market share and lead the way.
For more information visit:
Marcus Evans: SME Banking & Finance conference
http://www.marcusevans.com/events/CFEventinfo.asp?EventID=11435
About Marcus Evans
marcus evans specialises in the research and development of strategic events for senior business executives. From our international network of 29 offices, marcus evans produces over 1000 event days a year on strategic issues in corporate finance, telecommunications, technology, health, transportation, capital markets, human resources and business improvement. Above all, marcus evans provides clients with business information and knowledge which enables them to sustain a valuable competitive advantage and makes a positive contribution to their success.
Inmatrix makes 2 key Appointments
June 27, 2006
Inmatrix is delighted to announce that Dileep Ramachandran has been appointed as President and CEO of Inmatrix. Dileep will be responsible for all of Inmatrix' operations and will be based in San Francisco where an office will be opened in July, 2006.
Dileep has had more than 20 years experience in global capital markets and until last October, was Managing Director of Moody's KMV and previously held senior roles at Misys International and Deutsche Bank. Dileep was appointed as an International Strategic Advisor to Inmatrix on March 20, 2006 and since then, has spent considerable time in gaining an understanding of the business.
In a further announcement, David Allen has been appointed to the new role of Chief Operating Officer also to be based in San Francisco. David pioneered the launch of Inmatrix in the USA and has been an integral part of Inmatrix since joining in February 2003
Inmatrix appoints International Strategic Advisor
March 20, 2006
Inmatrix announced today the appointment of Dileep Ramachandran to the position of International Strategic Advisor.
In this role, Dileep will assist the international growth strategies of Inmatrix with an end-to-end credit and risk management framework for top tier financial service companies. Growth will be achieved through both product development and innovative technology ventures.
Dileep has had over 15 years of international experience in working closely with executive management and business unit heads of large global banks. Most recently he was Managing Director and Global Head of Product Management at Moody’s KMV. He has held senior positions in Risk Management, Capital Markets and Software Technology at Deutsche Bank, Merrill Lynch, General Electric and Misys International Banking Systems.
David Smorgon, Executive Chairman of Inmatrix, said Dileep will create additional vision and expansion opportunities for Inmatrix, specifically for the large and mid-size Bank segments for the company’s two flagship commercial banking software solutions—Optimist and Portfolio Strategist.
The Optimist and Portfolio Strategist commercial lending solutions enable financial institutions to make better credit decisions, develop stronger client relationships, and achieve greater profitability. These software solutions increase lending efficiencies, enhance relationship management capabilities, and minimize credit risk for a more successful commercial loan portfolio.
For additional information on Ramachandran’s appointment or the Optimist and Portfolio Strategist products, please contact Inmatrix at info@inmatrix.com.au
Inmatrix Adds 25 New Banks to its Portfolio of U.S. Clients First Quarter 2006
March 1, 2006
Inmatrix announced today that the company is experiencing rapid growth this first quarter of 2006, having already added 25 new banks to its client base here in the United States. The majority of these banks are members of America’s Community Bankers and Western Independent Bankers, two associations that serve the business needs of community banks and with which Inmatrix maintains strategic alliances.
“Commercial lending is a very competitive market for banks,” said David Allen, president and chief executive officer of Inmatrix. “To compete effectively and win, bankers need commercial credit tools that help them to simultaneously develop deep relationships with their customers and manage risk to their organizations. That’s precisely the power behind our Optimist and Portfolio Strategist software solutions. Our products are designed to enhance financial communications between banker and customer and assist in positioning the banker as a trusted financial advisor. On the risk management side, these solutions enable a banker to diagnose customers who are showing signs of deterioration, closely monitor changes in their performance, and implement corrective action early on to save problem loans.”
“Optimist fits our model of being an advisor to our clients,” said Paul Brown, chief lending officer of Howard Bank, an America’s Community Bankers member bank. “We want to provide service beyond what most typical banks offer. We want to have longer, more meaningful conversations with clients to figure out exactly what their needs are and provide them with advice that quickly gets them to their business goals. [With Optimist] our relationship managers can actually sit down with a client or prospect, tie the business’s income statement and balance sheet together, and get critical answers right away. Business owners, especially small business owners, don’t have a lot of time. They really do rely on someone who can suggest alternate ways of doing things—especially when those suggestions lead to greater business success for them.”
For more information about Optimist, please click here. For more information about Portfolio Strategist, please click here. For more information about America’s Community Bankers, please visit www.americascommunitybankers.org. For more information about Western Independent Bankers, please visit www.wib.org.
Inmatrix Forms Endorsed Alliance with Western Independent Bankers
February 20, 2006
Inmatrix announced today that the company has joined forces with Western Independent Bankers (WIB) and WIB Service Corporation to provide its commercial credit and financial diagnostic tools to WIB member banks. As a WIB-endorsed Value & Income Program (VIP) Partner, Inmatrix is offering the WIB membership its commercial banking solutions—including software, implementation, and training—at a significant pricing advantage.
“Community bankers are in a unique position to capture greater share of the commercial lending market while ensuring a sound, profitable loan portfolio,” said David Allen, president and chief executive officer of Inmatrix. “Inmatrix provides powerful credit and financial diagnostic tools for banks to assist with credit assessment management and monitoring of individual borrowers or portfolios. The Inmatrix tools enable stress testing of business plans, key financial drivers, and credit scenarios.”
Inmatrix distinguishes itself from other traditional financial tools in its ability to help bankers develop relationships with customers. “Helping people, watching them grow in their businesses, and offering a personal touch to the banking agenda are critical areas in which community banks can outshine their competition,” commented Allen. “Inmatrix’s Optimist and Portfolio Strategist solutions enhance financial communications between a banker and customer and assist in positioning the banker as a trusted financial advisor.”
“Through our strategic partnership with Inmatrix, we are able to offer our members the most advanced and powerful banking tools for growing their commercial loan portfolios,” said Anne Scully, president of WIB Service Corporation. “Optimist and Portfolio Strategist offer much more than traditional spreadsheet products in their ability to help bankers develop relationships with their customers. A strategy focused on relationship-building—including identifying and understanding customer needs, employing superior analytical techniques, and providing advice that quickly gets each customer to their business goals—is our membership’s best game plan for winning in commercial lending. Inmatrix’s products can help ensure success in these three key areas.”
Inmatrix’s value-add to community banks is reflected in five WIB and WIB Service Corporation Board members executing contracts during the Boards’ due diligence and pilot-testing process. “Our ability to use Optimist to do “what ifs” with business customers provides them with real value and differentiates us from the competition,” said Park Price, president, Bank of Idaho and WIB Board member.
For more information about Optimist, please click here. For more information about Portfolio Strategist, please click here. For more information about Western Independent Bankers or Western Independent Bankers Service Corporation, please visit www.wib.org.
Inmatrix on show at Wisconsin Bankers Association Conference
February 13, 2006
Inmatrix reinforced its growing national presence, appearing recently as an exhibitor at the Wisconsin Banking Association's conference in Milwaukee. Recently accepted as an Associate Member of the WBA, Inmatrix has rapidly grown its client base within the local Wisconsin market. It welcomed a mix of current clients and prospects through its trade show stand over the two days of conference.
According to Dale Smorgon, Inmatrix SVP, "the WBA conference was yet another way for Inmatrix to continue to showcase its leading commercial lending and credit analysis tools. The continued adoption of Inmatrix's solutions is being driven by the banks desire to improve efficiencies in their underwriting and credit management processes, as well as compliance with regulatory requirements."
Inmatrix Achieves Gold Partner Level in Microsoft Partner Program
Dec. 2005
Inmatrix, a leading provider of Software to the Banking, Accounting & SME market, today announced that it has earned Microsoft Gold Certified Partner status. Microsoft Gold Certified Partner status brings market recognition to companies providing consistent, high-quality products, services and solutions built on the Microsoft(R) platform.
To achieve this certification, Inmatrix had to pass a number of essential milestones in terms of technical competencies and capabilities, software technologies and client achievements. This included rigorous testing for Microsoft by Veritest on Inmatrix’s flagship product Optimist 7, which was built by the Inmatrix team of Microsoft certified professionals. Optimist 7 comprises of a powerful suite of financial analysis solutions, enabling banks, accountants and business to better analyze financial statements.
Evidence of Inmatrix’s achievements required documentation and verification from a number of high profile banking customers including Australia and New Zealand Banking Corporation (ANZ), National Australia Bank, St. George and Bangkok Bank.
"Only companies that have demonstrated the highest levels of customer service, proven their experience and attained advanced certification receive the designation of Microsoft Gold Certified Partners," says Yvette Kusto, Partner Account Manager, Microsoft Australia.
"Working closely with Microsoft and achieving this level of Windows certification involves rigorous testing, requiring commitment and dedication to the process," says Yvette.
The Microsoft Gold Certified Partner Program provides a way for customers to identify companies that have proven their commitment and expertise in one or more specialized areas delivering Microsoft technologies. Microsoft Certified Partners need to meet a higher set of criteria for each category, including enhanced certification and a portfolio of real-world customer references, and are thus identified as the most skilled partners in specific solution areas.
As a Gold Certified Partner, Inmatrix has demonstrated expertise in Microsoft’s ISV/Software Solutions category, which recognizes the skill and focus partners bring to a particular solution set, and Data Management Solutions which includes data migration tools and services, database administration tools and services and performance tools. Companies that obtain this level have a successful record of developing and marketing environmentally friendly software based on Microsoft technologies.
“As a Microsoft Gold Certified Partner, we can better align Microsoft’s technologies with our own product development strategies to meet our customers’ needs. The Microsoft Gold Certified level will continue to distinguish Inmatrix in the marketplace and strengthen its ability to significantly grow its business” says John Erskine, General Manager, Inmatrix.
“We believe this status will enhance our ability to bring our Microsoft-based solutions to more markets, giving us access to more users and making our offerings an even more."
For further information on this article or any other enquiries please contact Inmatrix on info@inmatrix.com.au
Inmatrix products 'again' included in Accounting Today Top 100 for 2006
Dec. 2005
Inmatrix is proud to announce that two of its applications have once again featured in the annual “Accounting Today" TOP 100 products for 2006.
ProSystem fx Profit Driver, is listed under the “Planning and Analysis” section, whilst ProSystem fx Practice Driver is listed under the “Practice management” section. Both of these applications are marketed by Inmatrix’s distribution partner CCH (a Wolters Kluwer business).
ProSystem fx Profit Driver is based on Inmatrix’s flagship product ‘Optimist 7’.
For further information on this article or any other enquiries please contact Inmatrix on info@inmatrix.com.au
Inmatrix on show at ACB National Convention
Oct. 18th 2005
As one of a limited number of "preferred solutions providers", Inmatrix featured heavily in the annual America's Community Bankers Annual Convention. The events theme , "Extreme Bank Makeover: Reshape your Future", proved to be an outstanding success, with 750 member banks from across the country attending presentations and educational sessions highlighting key regulatory, market and environmental changes.
Inmatrix's commercial lending solutions captured the attention of a wide range of member banks, many rapidly growing commercial lending portfolio's, and seeking robust credit and analytical tools to improve their credit processes, and satisfy regulatory requirements.
The conference featured a key note address by well know business commentator and public speaker, Mr Tom Peters. Attendees listened to Mr Peters remind community banks of the unique position they hold in their local community, and urged them to compete and win on service and a commitment to their localized customer base. This message was later reinforced by David Allen, Inmatrix President and CEO, as he addressed a group of senior commercial lenders on the importance of building trusted business advisory relationships with key customers.
Inmatrix completes implementation at Bangkok Bank
Oct. 2005
Inmatrix is pleased to announce that it has successfully completed a nine month implementation program at Bangkok Bank, Thailand's largest Commercial Bank and one of the largest regional banks in South East Asia . Inmatrix was responsible for the deployment of its Credit Risk Solutions, Optimist and Bank KPI.
Vice President, Credit Acceptance Unit, Credit Risk Management at Bangkok Bank Nutthaporn Luangsuwan said "When Bangkok Bank needed to re-engineer its credit analysis process we looked globally for a suitable partner. We found Inmatrix offered us a seamless fit from 'train the trainer' credit and financial analysis programs delivered in Thai for our staff, through to product configuration to match our existing credit processes and IT platforms".
To read more about Bangkok Bank's Hi-tech Reinvention for Commercial Lending Growth click here.
iLumen and Inmatrix Announce Strategic Relationship
Sept 7th 2005
iLumen Private Company Financial Network to integrate with Inmatrix's suite of credit risk and relationship management solutions
In a joint announcement, Inmatrix Inc and iLumen Inc. today announced a strategic relationship to design an integration of iLumen's Private Company Financial Network with Inmatrix's suite of credit risk and relationship management solutions.
With over seven million private companies in the United States alone, there is a significant demand for solutions that deliver insight into the financial performance of the private sector. Financial institutions, accounting firms and corporations would benefit from the real-time flow of standardized data into the iLumen Financial Information Network that could be used with Inmatrix's comprehensive suite of credit risk and relationship management solutions.
"Inmatrix specializes in developing management software products that provide valuable financial analysis and diagnostic and communication tools for banks, accountants and corporations," said Robert H. Woosley, Chief Executive Officer of iLumen. "As a leading international technology provider with a shared focus on private company financial information, Inmatrix was a natural fit for iLumen's expanding Financial Information Network."
"Partnering with iLumen to provide a flow of clean, repeatable data from their Financial Information Network into the Inmatrix suite of solutions represents a powerful offering to our customers," said David Allen, Chief Executive Officer of Inmatrix. "By providing an automatic, standardized feed of data, iLumen will help us ensure the financial information going into our risk management and scenario modeling tools is as accurate as possible so our customers can realize the greatest benefit."
About iLumen
iLumen, Inc. is a financial information technology company that delivers and manages private company data gathering and analysis solutions designed to solve critical problems in risk management, financial compliance and financial oversight within the banking, accounting and corporate environments. iLumen's services are based on a proprietary (patent pending) data warehousing engine known as iMonitor ® that automates and standardizes the gathering, mapping, analysis and benchmarking of electronic accounting data from private companies.
For more information visit www.ilumen.com or call 404-446-1600. iLumenTM and iMonitor® are trademarks of iLumen, Inc., all rights reserved.
Inmatrix expands in Australian Accounting Profession with the appointment of MYOB
August 2005
Inmatrix, a leading provider of software solutions to the Banking & Finance, Accounting & Corporate markets, today announced the appointment of MYOB Australia Pty Ltd as its Exclusive distributor of it's flagship product Optimist within the Accountancy Profession for Australia.
MYOB Australia Pty Ltd has been appointed to market and support the Optimist software application.
Dale Smorgon, Head of Channel and Partner Distribution, Inmatrix, said: "We are delighted to announce the appointment of MYOB and I am confident that they will deliver excellent service and support to our customers, as well as help drive our continued focus on Accounting Profession as the key to our strategy for growth and development."
MYOB will re-brand and market Optimist under the name of MYOB ProfitOptimiser.
For further information on this announcement please contact Inmatrix on +613 9686-7444 or email info@inmatrix.com.au
About MYOB
MYOB (ASX: MYO) is a global provider of solutions that liberate business owners and accountants from the burden of day to day administration, empowering them to achieve business success. MYOB develops and delivers award-winning software, services and support for more than 500,000 businesses and over 10,000 accounting practices worldwide.
www.myob.com.au
Inmatrix expands into Latin America.
1st June 2005
Inmatrix has appointed Linkus (www.linkus.cl), based in Santiago, Chile as distributor of its commercial banking solutions in the Latin American market.
Inmatrix already have a number of clients within Latin America, and hopes to grow its presence in the region.
About Linkus
Linkus is a professional services company, founded in 1989, that provides and integrates consultancy and training services, delivering applied solutions that translate in concrete improvements for our clients.
www.linkus.cl
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