ABN-AMRO and Software Earnings Launch Strategic Initiative for Shared Item Processing Platforms

Strategic Insights -

ABN-AMRO, a leading US banking company, has partnered with Software Earnings, Inc. and AT&T Global Information Solutions (GIS) to implement a multi-purpose item processing platform. The platform will provide a range of item processing solutions, including image-based reject repair, returned items interface, image inquiry/balance assist, and departmental image archive. The agreement signals a strategic move towards shared item processing platforms that minimize the per unit cost of processing exception items.

Key Takeaways:

  • ABN-AMRO processes over 50 million items annually through image-based systems.
  • The bank has conducted extensive studies, concluding that imaging technology has the best payback when applied to exception items due to their high relative cost.
  • Client-server architecture is the most cost-effective way to implement imaging in the bank.
  • An integrated approach to imaging is essential, including the development of a shared imaging system that can run multiple applications.
  • Software Earnings has been chosen for its wide range of high-payback imaging applications, best integration, and host system interface expertise.
  • The agreement will allow ABN-AMRO to contain costs and potentially realize substantial revenue through new image-based products and services.
  • ABN-AMRO has the expertise and strategic vision to fully realize the potential of the image-based platform.

Statistics:

  • Over 50 million items processed annually through image-based systems.
  • Projected cost containment through reject repair, balance assist, and return items interface.
  • Potential revenue impact through new image-based products and services.
  • Number of applications to be run on the shared imaging system: 4 (Reject Repair, Returned Items Interface, Image Inquiry/Balance Assist, and Departmental Image Archive).
  • Number of computers and software components to be supplied by AT&T GIS: 7780 item processing transports.

Sources:

  • Material provided by PRNewswire, dated October 12, 1995.
  • Software Earnings, Inc.
  • AT&T Global Information Solutions.
  • ABN-AMRO Services Company, Inc.
  • ABN-AMRO Bank N.V.
  • Sterling Software (regarding Vector-Returns(TM) trademark).