City Networks today announced that it has signed a 3 year Distribution Contract with Singularity, a software house based in Northern Ireland, giving City Networks the global rights to distribute ActiveWorkflow(tm), a revolutionary business process automation platform.
ActiveWorkflow(tm) provides a flexible and highly integrated component-based architecture, enabling end-to-end automation with high visibility of key performance indicators. The platform can deliver the complex, but business-driven, component and data management solutions demanded by today’s high throughput line-of-business requirements. ActiveWorkflow(tm) will enable the automation of the manually repetitive task of processing exceptions and will enable these exceptions to be dealt with immediately and effectively.
“ActiveWorkflow(tm) compliments our own products in the areas of exception management, reconciliations and confirmation matching, and easily integrates with our customers transaction processing systems,” said Costa Christodoulou, CEO of City Networks. “This contract is a key component in City Networks’ growth strategy, which adds another important dimension to our portfolio of proven products and enhances our commitment to deliver the improved STP (Straight Through Processing) rates our clients demand.” he adds.
Padraig Canavan, Managing Director at Singularity said, “We are very pleased to be working with City Networks – there is a good fit within the City Networks portfolio for the ActiveWorkflow(tm) solution and both our companies are committed to delivering ROI on technology investments for our clients by driving down operational costs, improving STP flow rates and minimising risk throughout the transaction process”.