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28 July 2004

Å
IndustrySolutions

Sybase technology
enables solid client service in financial
industry

ISSUED BY:
FHC

[Johannesburg, 28 July 2004] - Portfolio management and administration
services solutions provider Findata Financial Services has chosen
Sybase's Adaptive Server Anywhere (ASA) database as the enabling
technology driver behind PROFIDA, its client, portfolio and
commission administration system responsible for all client data.

Designed by financial software developer Computer Science
Software, PROFIDA is off-the-shelf software that provides all
relevant functionality for the management of clients' personal and
portfolio details by brokers, asset managers and financial
consultants.

advertisement

Reputedly the
most widely used technology in embedded mobile applications in the
world, Sybase ASA is estimated by Gartner to be the database of
choice across 75% of the world's financial consulting industry.

"ASA is used extensively in applications where a
self-managing, self-tuning database is required that needs no
significant understanding of the technology," explains Rob Simpson,
MD of Sybase Cape. "The flexibility of the ASA database enables the
efficient management of information liquidity, enhancing the rapid
and robust movement of data."

The PROFIDA solution was written in Java with ASA as the
underlying database providing reliability and scalable performance.

"The stability and scalability of the software ensures data
is not only properly stored but can be rapidly recalled, whether by
a single user or in a large network environment," says Daniel Putra,
MD of Computer Science Software.

PROFIDA is compliant with the Financial Advisor Intermediary
Services (FAIS) Act in terms of record-keeping, managing client,
policy and investment information, and processing this information
for financial needs analysis. A user and date/time stamped event log
maintains a history of all changes to client files for compliance
purposes. Reports can be pulled listing clients' portfolios, dates
of maturing contracts, client birthdays and the diarising of
specific tasks per individual or policy.

The introduction of PROFIDA at Findata Financial Services in
2002 saw the replacement of DOS-based, in-house software and a
database that was not networked and was unable to cope with the
volume of information required. The shift to PROFIDA involved the
merge of client data scattered across 11 separate databases into a
single solution which consolidates details of the life cover,
medical aid and investment and employee benefit portfolios of
individual and corporate clients.

The flexibility of PROFIDA enables direct communication with
Astute, the first South African financial service exchange hub,
providing a link between financial product providers and the
databases of intermediaries for portfolio information.

"The ability to import client portfolios into PROFIDA via the
Web means brokers can receive portfolio overviews prior to client
meetings, saving time and enhancing client service. PROFIDA makes
sure that all activities with, or tasks conducted on behalf of our
clients are electronically stored and also allows to check our
interactions with clients at any time," says Iaan van Heerden, MD of
Findata Financial Services.

All physical scanned-in documents are linked to the client's
portfolio so the information is immediately accessible on the
server. E-mails including attachments can be sent from PROFIDA, and
e-mails can also be directly received within PROFIDA, making it the
only financial software package worldwide to act as an e-mail client
package.

"PROFIDA accommodated Findata's unique commission
administration structures and incentive plans with great flexibility
and adapted easily to our specific requirements regarding the
administration of group employee benefits and medical aids," says
Van Heerden.

The client base can be dissected according to specific
demographic groupings such as gender, age, language, marital status,
education level, cover insured, investment sums or premiums for
evaluation, client research or marketing purposes. Results can be
copied and pasted into MS Excel or Word for further data processing.

Van Heerden says PROFIDA's scalability and lack of rigidity
will easily accommodate the company's future plans and requirements
for group retirement planning and Web access.

More industry
solutions from Sybase SA:

Clothing
manufacturing NGO selects Sybase [5 Feb 2003 ]

FNB
Corporate implements Sybase solution [12 Nov 2002]

TradeRoot
uses Sybase technology [7 Oct 2002 ]

Sybase
develops portal for Nigerian Stock Exchange [18 Sep 2002]

E-Card
Solutions goes with Sybase in R3.6m deal [21 Aug 2002]

SABC
to implement Sybase technology [14 Aug 2002]

Lewis
drives one-to-one marketing with Sybase [28 May 2002]

HomeChoice
buys Sybase solution [14 May 2002]

SABC
streamlines content production with Sybase [27 Nov 2001]

Accsys
selects Sybase [25
Oct 2001]

More
solutions from Sybase SA >

Latest industry
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Integrear
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VoIP solution helps heavy equipment manufacturer [26 Jul 2004]

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keeps stats flowing [26 Jul 2004]

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keeps stats flowing [26 Jul 2004]

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company to deploy IFS [26 Jul 2004]

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Active upgrades network [23 Jul 2004]

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solutions >

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SOLUTIONS... |  ALL
PROVIDERS... |  ALL
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ITWEB

Sybase
SA

Sybase SA is the sole African representative of
Sybase Inc (USA), one of the largest global independent
software companies, and has offices across the
continent. Sybase's open architecture solutions provide
the data management and mobility necessary to create the
unwired
enterprise.

EDITORIAL CONTACTS

Sybase SA
Rob Simpson
MD
(021) 657
1600
[email-masked]

FHC
Karen Breytenbach
Public
relations manager
(011) 608 1228
[email-masked]

Findata Financial
Services
Iaan van Heerden
MD: Findata
Financial Services
(021)
948-6025
[email-masked]

FACT SHEET

USER

Findata
Financial
Services

INDUSTRY

Financial
services

SOLUTION

Sybase
Adaptive Server
Anywhere

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