Web 2.0 Applications a Giant Leap Forward for Online Cash Management According to IDC Financial Insights and Actuate Corporation Monday 21 April 2008 PDF Print Banks Moving to Create Dynamic Client Experiences with Differentiated Business Offerings Through the Deployment of Rich Internet Applications London, UK, April 21st, 2008 – Actuate Corporation (NASDAQ: ACTU), the leader in delivering Rich Internet Applications Without Limits™, today announced the availability of a new IDC Financial Insights whitepaper titled "Rich Internet Applications for Online Cash Management: A Taste of Web 2.0”, which examines the critical role that rich internet applications (RIAs) play in transforming online cash management solutions. In an effort to meet clients’ needs for streamlined reporting processes, more actionable information and greater control over their cash management applications, financial institutions are beginning to deploy Web 2.0 technologies to replace standard information reporting solutions that have become costly to maintain and unsatisfying to their clients. By building and enhancing information delivery using RIAs, banks can take a major step to improve portal capability and features. The Financial Insights paper highlights how RIAs are helping banks to answer the market’s call for highly interactive online services while giving them an invaluable 360-degree view of their clients and providing tools to differentiate their offerings. The report examines the current state of the bank IT environment and discusses why banking, particularly in the area of cash management, has lagged behind other industries in adopting Web applications. It offers insight into how organisations can create meaningful and dynamic online experiences for their customers. “RIAs and their application to information reporting are among the most significant initiatives for corporate bankers today,” said Jeanne Capachin, Research Vice President, Global Banking and Insurance Practices at Financial Insights, an IDC Company. “Banks have made advances in payments processing and financing capabilities, but the Web has traditionally been neglected. This has become a pressing problem, as it is through their information delivery services that banks most frequently interact with clients. The institutions that can master Web 2.0 applications and deliver the vision to their clients will have a first-mover advantage in the marketplace.” “Most corporate online banking teams are now in the process of scoping requirements for next-generation treasury portals. These teams have looked to the consumer online market as a whole, and more specifically to their consumer online banking peers for guidance on delivering a practical Web 2.0 solution to corporate clients,” said Todd Paoletti, Senior Director of Online Channel Solutions at Actuate. “It’s very clear that corporate customers have spoken loudly and are demanding a better information delivery environment to support more efficient analysis and decision-making. The world’s leading banks are rapidly deploying rich internet applications to replace static information reporting. This functionality will go a long way toward satisfying customer demand, while at the same time positioning these organisations as market leaders.” To download the full whitepaper, please visit http://www.actuate.com/IDC-Cash-Management. As sponsor of this Financial Insights white paper, Actuate’s interest is fuelled by its role as a global provider of Rich Internet Applications with an extensive footprint in the financial services market. Related Resources • Financial Insights whitepaper on cash management: http://www.actuate.com/IDC-Cash-Management • On-demand webinar on the topic of cash management: http://www.actuate.com/IDC-CashManagement-Webinar • Upcoming event at the Globe Theatre, London on The Future of Online Corporate Banking Portals featuring IDC’s Rachel Hunt, http://www.actuate.com/uk/IDC-Corporatebank-Seminar About Actuate Corporation Actuate Corporation is dedicated to increasing the richness, interactivity and effectiveness of enterprise data, for everyone, everywhere. Actuate delivers the next generation RIA-ready information platform for both customer and employee-facing applications. The Actuate platform boasts unmatched scalability, high-performance, reliability and security. Its proven RIA capabilities and highly collaborative development architecture are backed by the world’s largest open source information application developer community, grounded in BIRT, the Eclipse Foundation’s only top level Business Intelligence and reporting project. Global 9000 organisations use Actuate to roll out RIA-enabled customer loyalty and Performance Management applications that improve customer satisfaction and employee productivity. The company has over 4,200 customers globally in a diverse range of business areas including financial services and the public sector, many of which have a long history of deploying Actuate-based solutions for dozens, or even hundreds of their mission-critical applications. Founded in 1993, Actuate has headquarters in San Mateo, California, with offices worldwide. Actuate is listed on NASDAQ under the symbol ACTU. For more information on Actuate, visit the company’s Web site at www.actuate.com. PR contact: Carina Birt, PR for Actuate UK Email: firstname.lastname@example.org Tel: +44 1722 411150 This press release was distributed by ResponseSource Press Release Wire on behalf of Sarum PR in the following categories: Business & Finance, Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.