Press Releases
SunGard Receives AIIM’s Carl E. Nelson Best Practices Award For Implementation of EXP AG at The Principal Financial Group
April 23, 2007 — Birmingham, AL
SunGard (www.sungard.com) today announced that AIIM, a leading industry association for enterprise content management, has awardedSunGard’s EXP business unit the Carl E. Nelson Best Practices Award for its implementation of EXP AG at The Principal Financial Group (The Principal). AIIM professional members in good standing selected SunGard and The Principalafter a review of the finalists’ nominations.AIIM announced the award winners at a gala dinner at the 2007 AIIM Conference and Expo in Boston.
The Principal Financial Group implemented a content management system in response to the introduction of the Securities and Exchange Commission's (SEC) amendments to Rules 17a-3 and 17a-4 under the Securities and Exchange Act of 1934 to facilitate the collection of investment suitability information on an annual basis.SunGard’s EXP AG Capture solution helped reduce exposure to risk and helped improve employee productivity.
The nomination of The Principal Financial Group centered around its need for integrated document imaging, business process management, Intelligent Character Recognition (ICR)/ Optical Character Recognition (OCR) and administrative recordkeeping systems in order to help it comply with the new regulations.The new rules clarify and expand the scope of recordkeeping options while at the same time require broker-dealers to maintain records in a manner that preserves their integrity.The new rules also require that investment suitability is updated and confirmed for all clients.This requires that information such as name, address, risk tolerance, investment experience and investment objective, is collected from all clients and reported back to them for confirmation within 30 days of receipt
Jason Ingram, president of SunGard’s EXP business unit, said, “We are honored to have been recognized by our peers in the industry. The implementation of EXP AG Capture helped The Principal avoid having to hire a large number of employees to facilitate the increase in data entry.This award strengthens our resolve to assist our customers in their efforts to be more streamlined and efficient."
About AIIM - The ECM Association
AIIM - the international authority on Enterprise Content Management (ECM), is leading the way to the understanding, adoption and use of ECM technologies. These technologies, tools, and methods are used to capture, manage, store, preserve, and deliver content across an enterprise in support of business processes.As a non-profit association for more than 60 years, AIIM provides news, information, and resources through its website and ongoing education through programs that include market analysis, industry standards development, eLearning courses, publications, local chapters and regional events. Complete information about the association, is available on the web at (www.aiim.org)
Carl E. Nelson Best Practices Award
The Carl E. Nelson Best Practices Award was established to recognize excellence in the ECM field. The term "Best Practice" denotes a standard of excellence that has been achieved with an organization and refers to a process that can be quantified adapted and repeated. New for 2007, finalists were determined by the AIIM Emerging Technologies Advisory Group (EmTAG) and winners were selected by the entire AIIM Professional Membership.
About The Principal Financial Group
The Principal Financial Group® (The Principal®) is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies and national network of financial professionals. A member of the Fortune 500, the Principal Financial Group has $256.9 billion in assets under management and serves some 17.6 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information visit (www.principal.com)
About EXP
SunGard EXP helps empower large organizations to capture, manage, store and deliver content in order to automate workflow, enhance processes, track productivity, promote collaboration and deliver time-sensitive client communications. EXP features industry-leading technologies to create a comprehensive, single-source solution for the enterprise content management industry. Offering single department to enterprise-wide solutions, EXP uses a proven implementation methodology that helps ensure the predictability of results.Visit us at (www.sungard.com/exp)
About SunGard
With annual revenue exceeding $4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world’s 50 largest financial services companies. Visit SunGard at (www.sungard.com)
Trademark Information: SunGard and the SunGard logo are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
NOTE TO EDITORS:
For more information visit SunGard's Press Release Web site.
This is for press and media use only. For additional SunGard contact information visit the Contact SunGard page.
Brian Robins
680 East Swedesford Road
Wayne, PA 19087
Tel: 650-377-3897
Fax: 650-358-0820
E-mail: marketing@sungard.com