Fierce competition. Increased merger and acquisitions activity. Banks, insurance companies and other financial institutions must continually find new and better ways to better serve the customer and share information—without losing sight of privacy issues and the bottom line. Securely automating the exchange of business transactions is a surefire way to improve efficiency, increase profitability and remain competitive.

Automating transactions between business partners
Internet EDI (EDI-INT) can quickly connect a myriad of financial services partners, both within your company and with external parties. Inovis’ proven B2B Gateway solution, BizManager™, provides a backbone for the secure exchange of data, files and documents via EDI-INT.

You don’t have to worry about what content standards you or your partners use (EDI, ANSI X12, XML, SWIFT MT, ACORD, etc.). And, the solution’s mailboxing feature streamlines the way you communicate with your trading partners, whether they’re located in a separate division or another organization, helping you to expand the reach of your trading community—without expanding your resources.

With BizManager, financial services organizations can reduce costs and improve customer service by:

• Minimizing paper processes
• Leveraging concurrent support for EDI and XML
• Utilizing built-in mapping and transformation services
• Realizing an immediate savings by cutting VAN fees
• Having a centralized view of transactions and an actionable audit trail
• Working with even your smallest trading partners without the need to add integration or technology components

Strengthen security and solve compliance challenges
The HIPAA Conformance Certification Organization (HCCO) recognizes AS2 and ebXML as technologies that provide HIPAA compliance for Electronic Messaging and Integration Privacy and Security. BizManager's AS2 and ebXML technologies also uphold the core security fundamentals required by the Sarbanes-Oxley, Gramm-Leach-Bliley Act and state laws such as California SB 1386.

BizManager supports the most secure data transfer standards available, so you can protect your internal systems from external threats. Digital certificates provide authentication, encryption and non-repudiation, ensuring transactions arrive unaltered and can only be viewed by the Sender and Receiver, and that senders and receivers are who they claim to be.

The solution’s transaction management capabilities provide the flexibility to monitor all documents that have been processed by the system, along with any operations that have been performed on those documents. You’ll be able to account for each and every piece of information that enters or leaves your system, and any updates made to it along the way.

Whether you’re a small service partner or key financial player, you can be sure that non-public, personal information is not compromised while en route.