ST. LOUIS, Sept. 7 /PRNewswire-FirstCall/ -- Amdocs (Company
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The multi-phase implementation will address the Consumer & Commercial Clients Business unit of ABN AMRO in The Netherlands. Amdocs solutions will streamline and unify multiple transaction systems for ABN AMRO's numerous products and services, reducing redundancies and time-to-market for new services.
"Traditionally, as financial institutions have grown organically and through acquisitions, their customers' transactional information has remained in silos based on lines of business, such as credit or investment service," said Michael Mathews, chief marketing officer of Amdocs. "Amdocs' unparalleled experience helping communications service providers to transform themselves into customer-centric organizations will be invaluable for financial services institutions. Achieving integrated customer management will help those institutions focus their offerings around the customer."
Amdocs Solution for the Financial Services Industry
The Amdocs solution helps financial services institutions achieve integrated customer management by unifying disparate fee charging and customer management systems into a centralized fee management system, delivering a single view of the customer, with all related products, services and associated fees. The Amdocs platform supports all types of event sources and services, including fee schedules, commission and assets for retail, wholesale and investment banking. The solution provides full fee management, audit integrity, billing transparency and supports financial institutions in their goal to meet regulatory compliance obligations. In addition, the high performance solution is based on scalable transaction-processing architecture for reduced risk, increased flexibility and lower total cost of ownership.
About Amdocs
Amdocs combines innovative software products and services with deep business knowledge to deliver true integrated customer management to the world's leading services companies. Our best-in-class billing and CRM products seamlessly link all customer-facing business processes -- marketing, sales, ordering, delivery, fulfillment, billing, settlement, service, support, and analytics -- resulting in stronger, more profitable customer relationships. Amdocs enables its customers to implement their business strategy with rapid return on investment, lower total cost of ownership and improved operational efficiencies. A global company, Amdocs employs over 9,000 IT professionals and serves customers in more than 40 countries around the world. Amdocs reported revenue of nearly $1.5 billion in fiscal 2003. For more information, visit Amdocs at http://www.amdocs.com .
Forward-Looking Statement
This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs' ability to grow in the mobile, wireline and IP business segments, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. These and other risks are discussed at greater length in the Company's filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F, filed on December 24, 2003 and our Forms 6-K filed on February 17, 2004, June 10, 2004 and August 13, 2004.
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