Towry Law takes gold, silver and bronze at industry awards ceremony Wednesday 18 April 2001 PDF Print Towry Law, the leading independent financial adviser, has won yet more awards for its technological excellence within the financial services sector. Money Marketing's 'Best Use of New Media' award was accepted by Towry Law's chief operating officer, Keith Webb on 29th March at the Grosvenor House Hotel. This comes just two weeks after Towry Law won the Financial Sector Technology prize for 'Best use of IT in insurance'. Additionally, Towry Law came second in Money Marketing's 'Best Technology IFA' category and third in the 'IFA Professional Development Award'. The 'Best Use of New Media' award is further evidence of the success of Towry Law's strategy to become a virtual operations company by using third party experts to manage its non-core business activities. In 1999 Towry Law formed a ten-year partnership with CMG Admiral in the UK to deliver management consultancy and business-focused technology applications to provide efficient independent financial services, whilst it has concentrated on the provision of financial services. Towry Law's revenues have grown from £23 million in 1998 to £61 million in 2000. Towry Law has successfully completed the re-engineering of its entire product and services supply chain in the three years it has worked with CMG Admiral, using innovative approaches to old and new channels to market. Towry Law is now placed at the forefront of key industry change, having incorporated the development of new media, emerging technologies and industry eCommerce standards, to enable seamless integration with product providers and consumers. Towry Law's use of new media has enhanced its brand image in the eyes of consumers and within the market as a whole. In particular its use of CMG Admiral's PIAS point-of-sale technology is enabling slick multimedia sales demonstrations, better cross-selling facilities and improved customer retention. And, integrating PIAS with Consultor, CMG Admiral's back office system has meant Towry Law can conduct Straight Through Processing (STP), benifitting both Towry Law and their business partners. This has led to a 20% reduction in its operational unit costs of business administration and support for sales consultants and clients. The 'Best Use of New Media' award also recognises the company's use of internet technology. Its new website has been praised for appealing to customers in an empathetic way, rather than simply offering brochure-ware. And, its Stakeholder Pensions services have been commended for enabling B2C customers to compare products online. Keith Webb, chief operating officer, Towry Law, commented: "The ongoing development of innovative new technology and media with CMG Admiral continues to deliver tangible benefits to Towry Law. It's fantastic for us that the achievements have been noticed and commended by external industry parties." Ken McCarthy, managing director, CMG Admiral Financial Services, said: "It's great to win even more awards. Its great recognition of the partnership that has been established between Towry Law and CMG Admiral and the tremendous work that has been undertaken in re-engineering Towry Law's supply chain. And we are not stopping here - we are already looking to add further significant functionality to our solutions such as automatic policy valuations. We look forward to continuing our partnership with Towry Law - and hopefully to more awards in near future!" Press Enquiries: James Read/Richard Moore Citigate Technology Tel: 01604 232223 Fax: 01604 234501 7 Albion Place, Northampton, NN1 1UD, Email: email@example.com or firstname.lastname@example.org CMG Admiral Enquiries: Imogen Beck, CMG Admiral, Parnell House, 25 Wilton Road, London, SW1V 1LW Tel: 020 7592 4755 Fax: 020 7592 4157 Email: email@example.com Background to CMG Admiral CMG Admiral is part of the CMG group and represents the combined UK and Ireland business of CMG and Admiral. With over 3500 staff, CMG Admiral offers the strength to deliver global solutions locally. CMG Admiral is focused on enabling clients to gain maximum advantage from technological innovation. CMG Admiral provides a pragmatic, partnership approach and is committed to building long term relationships with clients. CMG is a global Information & Communications Technology (ICT) group, with leading positions in the provision of business information solutions and mobile messaging and billing products. Through management consultancy, systems development & integration, software applications and outsourcing, CMG helps organisations to build secure ICT infrastructures that enable the adoption of new business models for electronic and mobile commerce. Established in 1964, CMG is headquartered in London and Hoofddorp (near Amsterdam) and now implements and supports applications for customers worldwide from bases in 16 countries. CMG has proven knowledge, solutions and products across a wide spectrum of markets, including finance, transport, telecommunications, media, petrochemicals, utilities, retail, manufacturing and government agencies. The Group also provides outsourced business services ranging from payroll processing, call centres and networked systems to infrastructure management, application maintenance and hosting. CMG Wireless Data Solutions has established a leading position in wireless messaging and gateway products, mobile Internet and e-mail, cell broadcast and customer care & billing systems. These products are provided to mobile telecommunication operators and service providers worldwide from offices in Europe, the Americas and Asia Pacific. CMG works alongside its customers in long term relationships to generate success for them. Through the quality of its services, products and professionally committed people, CMG adds value to its customers' businesses. This creates a basis for the Group's sustained success. CMG is listed on both the London Stock Exchange (FTSE 100 and techMARK 100) and Amsterdam Exchanges (AEX Midcap). http://www.cmg.co.uk This press release was distributed by ResponseSource Press Release Wire on behalf of Citigate Dewe Rogerson in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.