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Conversion Services International Helps Loan Servicing Company Mitigate Risk and Standardize on Best Practices
-CSI Helps Improve Analytical and Operational Reporting; Set New Course for Continued Growth-
EAST HANOVER, N.J., October 17, 2005 - Conversion Services International, Inc. (AMEX: CVN; "CSI"), a premier professional services firm focused on delivering the value in business intelligence, data warehousing and data management solutions to Global 2000 organizations and other businesses, today announced it has completed two phases of a three-phase engagement for a major U.S.-based loan servicing organization. Initially contracted to conduct a strategic assessment of that organization's reporting environment, CSI has also helped improve the company's overall performance by instituting the changes necessary to "decouple" analytical and operational reporting.
Scott Newman, President, CEO and Chairman of Conversion Services International said, "This client engagement typifies both the IT acumen and business value we deliver to our customers. CSI is the perfect solution to big data warehousing and business intelligence problems, without the big price tag charged by our competitors."
The inherent complexities of loan processing, as well as regulatory reporting requirements, necessitate stringent data quality initiatives and close to real-time reporting. In this particular engagement, the client had amassed a number of disparate databases, which created data duplication as well as reporting challenges. To avert further data management challenges - plus set forth a firm foundation for continued growth - CSI created a road map that considered existing business processes and IT investments. Through CSI's recommendations, the loan servicing company was able to improve the overall performance of their Oracle-based environment.
Similar to this engagement, all CSI clients benefit from the availability of its unique Technology Advisory Committee (TAC). The TAC, comprised of CSI's top business and technology executives, provides insight and guidance on the development of best practices and serves as a foundation for CSI's service offerings. Newman continued, "Our multi-disciplinary TAC consists of senior level, hands-on information technology professionals who possess more than 300 combined years of practical strategic consulting experience. Through this expertise, we're able to make solid recommendations to clients regarding technology investments and business best practices. As a result, all CSI clients receive expert counsel that, in turn, helps improve performance and drive competitive advantages for them."
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About Conversion Services International, Inc.
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