Press Release
FOR IMMEDIATE RELEASE
CONTACT:
Alexander Resnikoff
Director of Business Development
CenterSys Group, Inc.
339 Fifth Avenue, Suite 405
New York, NY 10016
Toll Free: (800) 841-1192
Phone: (212) 481-8717
Mobile: (917) 446-6437
Fax: (212) 683-8143
E-mail: Info
Web site: www.centersys.com
Headline: Software maker CenterSys makes a breakthrough in compliance automation
New York, NY --- April 18, 2005 --- CenterSys continues to increase its presence in the financial sector with their newly released upgrade of CompSys [v.] 2.0 which provides total enterprise automation of Trade Compliance.
"CenterSys is boosting investor confidence by providing CompSys [v.] 2.0 which creates a robust Compliance and Risk framework in brokerages," said Pravin Prasad, CEO of CenterSys Group, Inc. "It automates almost all manual processes of the Compliance Departments in brokerages, on both the Buy- and Sell-side, and prevents questionable trades from 'falling through the cracks.' The new version is a real breakthrough that will eliminate errors and oversight."
The efficiency of the system lies in its capabilities to draw attention to events in a proactive fashion, via e-mails, PDA, and cell phone alerts, rather than compliance officers having to sift through reams of trade reports, disparate systems, and spreadsheets identifying trades that may need corrective actions. It cuts down monitoring time and efforts drastically, while making the process essentially "bulletproof." All this on a browser-based framework that is highly secure yet very easy to use and manage. The CompSys Server is delivered as a "locked[-]down hardware[/]software application" solution which will not allow unauthorized access at any level.
The market has been waiting for comprehensive compliance automation solution[s] in lieu of [the] myriad of regulatory directives, and this robust tactical solution is bound to do well in today's financial community.
About CenterSys Group, Inc.
CenterSys Group, Inc. is one of the Northeast region's leading software companies specializing in delivering sophisticated business automation solutions. Headquartered in New York City, CenterSys Group, Inc. also has business lines dedicated to providing network integration services, custom applications development, and mission critical consulting expertise to financial sector clientele.