FOR IMMEDIATE RELEASE:
Innovative On-Demand Service Offering Eliminates Paper-Intensive Processes
Fairfield, NJ (December 8, 2005) – Archive Systems, the premier
provider of Document Process Outsourcing (DPO) services, today announced an agreement with Ryan Beck & Co.,
a full service investment banking and brokerage firm to provide ASPEN 360 Broker/Dealer Edition, a comprehensive
process automation service to manage all client documentation.
ASPEN 360 provides Ryan Beck with a services-based solution for Web-based image hosting and workflow
management. This service will transform Ryan Beck's previous paper-based, manual process into an automated
solution that manages the flow of all client documents in a fully redundant, Web-based environment. Ryan
Beck will also take advantage of remote document capture through scanning gateways to scan documents such
as new account forms, IRA distribution, account update and W9 forms directly into the ASPEN 360 service.
"Our goal is to dramatically increase our operational efficiency with a universal solution to eliminate the
labor-intensive, manual processes associated with routing and processing client documentation," stated Nick
Leone, Senior Vice President – Director of Operations, Ryan Beck. "Archive Systems offers the only comprehensive
Software-as-a-Service model with the flexibility to roll-out a solution enterprise- wide. ASPEN 360 will greatly
increase our efficiency by enabling us to process critical client documentation in minutes rather than days."
"Ryan Beck has over 144 different types of forms that they handle
manually every day," stated Rick Kushel, President & CEO of Archive Systems. "We will be
completely automating their document processing, eliminating the manual handling that has
slowed down their business. Through the use of ASPEN 360 Ryan Beck will be able to maintain
a strategic focus on their business and provide better service to their customers."
About Ryan Beck & Co.
Founded in 1946, Ryan Beck & Co., Inc. provides financial advice and innovative solutions
to individuals, institutions and corporate clients through the activities of approximately
1,100 employees in 40 offices located in 13 states. For individual investors, the firm’s
Private Client Group provides a full range of financial services, including investment
consulting, retirement plans, insurance and investment advisory services. Institutional
clients benefit from the market making, underwriting and distribution activities of the
firm's experienced Capital Markets Group, which encompasses equity and fixed income trading
and institutional sales as well as research. Through its Investment Banking Group, Ryan
Beck raises capital and provides financial advisory services to financial institutions,
middle market companies and municipalities.
About Archive Systems, Inc.
Archive Systems, Inc. flagship solution, ASPEN 360 Accounts Payable Edition, combines best practices AP Automation with ZeroTouch AP imaging and workflow. The product increases efficiencies and reduces costs with features such as straight through processing, which uses automated three-way matching to auto match invoices to PO and receipt line items without AP processor intervention. It includes the ASPEN 360 Invoice Virtualization Center, which removes from the client all tasks associated with document imaging, data capture, document classification, indexing, and OCR. The company also provides physical records management services such as business records storage, document shredding, and offsite data storage, through a number of Record Center locations. For more information, please visit www.archivesystems.com.
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