News & Events
Infovide & FinArch Announce partnership - Finance Resource Planning Platform now also Available for the Polish Financial Market
Ghent/Warsaw – 31 August 2005 - Infovide, a leading Polish IT consulting company, and the Belgian Financial Architects nv (FinArch), international provider of finance resource planning platform for the finance industry, today announced a business agreement.
Under the agreement, Infovide operates as a unique distributor and implementation partner in Poland of FinArch’s financial management software platform Financial Studio. The platform offers financial institutions a distinct combination of modules that address the needs of product controllers, risk managers, financial controllers, account managers and general management as it embraces the inter-relational functions of accounting (General Ledger, sub-ledger and trading ledger, consolidation, IFRS Accounting, accounting generator, cost allocation, .... ), compliance (IFRS reporting, regulatory reporting, Sarbanes-Oxley compliance, Basel II reporting, …), capital management (economic capital, RAROC, Basel II credit risk,…) and MIS (cost allocation, budgeting & control, HO reporting, management accounting, customer & product profitability, .... ). On the technology side, Financial Studio provides for a mainstream technology platform with flexible and scalable system architecture that protects the banks’ long-term IT investments.
Infovide as information strategy architects provide architecture, engineering and management services to the Polish market. The company concentrates on designing, building, implementing and maintaining integrated analytical and reporting platforms. The company has been cooperating with the largest Polish and foreign financial institutions for years, its experience built based on leading standards and engineering tools. Partnering with FinArch, Infovide extends its traditional solutions offering for financial organisations, while FinArch reinforces its presence in the Polish financial market.
Dirk De Beule, CEO FinArch comments “Infovide has gained extensive experience and know-how in providing dedicated and integrated solutions within the Polish financial services industry. Since they have a comprehensive understanding of the business and technology needs of the local markets, we will now capitalise on this area of expertise to enforce our presence in the European financial markets.”
Artur Król, Director of Financial & Banking Sector Infovide comments “Thanks to this agreement with FinArch, Infovide has created a strong technology partner structure that allows providing a comprehensive and coherent offering for the Polish financial market. FinArch provides proven solutions that address also the needs of companies operating on our local market. Combining the Financial Studio capabilities with the experience of Infovide experts, we will be able to present a competitive proposal appreciated by the financial market.”
About Infovide
Infovide SA was formed in 1991. Today it is the leading information technology consulting company on Polish market. The company provides services in three areas: architecture, engineering and management. Architecture services are concentrated on creating e-services platforms as well as analytical and reporting platforms. Infovide also provides consulting services in the field of program and project management. The company experts design and implement business systems and corporate applications. Infovide accomplishes projects for banking, telecommunication, media, industry, power-engineering and administration. Among the company’s clients there are BRE Bank, Kredyt Bank, NBP, PTK Centertel, TP, PTC ERA, Polkomtel, Energis, Siemens, Thompson, Superior Chamber of Control and Ministry of Interior and Administration.
The company has been co-operating with the respected authorities on information technology – since 2004 it is the partner of Cutter Consortium, one of the most elite consulting companies in the IT world. Infovide consultants are the members of Cutter Innovation Council expert group.
About FinArch
FinArch (Financial Architects nv), with offices in the major financials centres worldwide, is a global value leader in providing a new generation of financial management software. The concept of the platform and the integrated approach of the different modules enable innovative financial institutions to quickly implement tactical solutions meeting the overall strategic objectives in financial reporting.
FinArch provides a unique blend of domain expertise, operational services, and technology solutions that accelerate and facilitate financial institutions’ ambition to implement a cost effective and reliable financial management platform.
For more details, please contact:
Artur Król
Director of Financial & Banking Sector
Infovide
Kolejowa 5/7
01-217 Warsaw
Poland
tel : +48 22 534 74 00
e-mail : infovide@infovide.pl
Anne Marie Kesteman
Business Development Manager Belgium
Financial Architects nv
Verlorenbroodstraat 122
B-9820 Merelbeke
Belgium
tel : +32 9 272 64 10
e-mail : info@finarch.com
