Web Host Open Solutions to Provide Core Enterprise Platform for Canada's G&F Financial Group

HostReview.com
Thursday, July 27, 2006; 12:39 AM

Web hosting company Open Solutions announced that it will provide G&F Financial Group, the eleventh largest credit union in the province of British Columbia, Canada, with its Complete Credit Union Solution(R), and a comprehensive suite of complementary products to meet G&F Financial Group's enterprise-wide data processing and member servicing needs.

"We believe the migration to Open Solutions' new technology platform will be an important step towards ensuring our competitiveness in the years to come," said G&F Financial Group Chief Executive Officer Richard Davies. "Although technology is not a competitive advantage in itself, it both enables and supports the goals, mission and values of an organization. G&F Financial Group differentiates itself in the marketplace primarily on the basis of relationship. We believe Open Solutions' application offering will provide the technological foundation to support our ultimate goal - fostering stronger relationships with members and an environment 'Where Members Belong(TM),'" Davies continued.

Built on a single, centralized Oracle(R) relational database, The Complete Credit Union Solution's open architecture and member-centric platform is designed to help credit unions streamline both front and back office applications with a focus on improving member service. To complement the core enterprise system, G&F Financial Group will also implement Open Solutions' cView(TM) (customer relationship management and business intelligence); financial accounting suite; asset/liability management; ProfitVision; and Digital Document applications.

Open Solutions Canada President Blair Goulet, said, "When a financial institution makes a core technology decision it is making a strategic investment in the future. We are pleased G&F Financial Group entrusted this investment to Open Solutions and has selected our technology platform to support its continued growth and success. We look forward to continuing our long-standing relationship with this progressive credit union by ensuring we provide superior technology, choice and flexibility, and unparalleled client service."

Louis Hernandez, Jr., chairman and CEO of Open Solutions stated, "G&F Financial Group is one of the leading credit unions in British Columbia and we are pleased this member- and service-focused organization has selected our open, relational technology to underpin its service and business strategies. Like most Canadian credit unions, G&F Financial Group operates in a highly competitive and increasingly complex environment. As competition and regulations increase, so does the need for newer technology that enables credit unions to respond to the rapidly evolving needs of their members and regulators in a way, we believe, legacy systems cannot. More and more credit unions in North America are recognizing that only truly open architecture can give them the flexibility to meet the needs of both, by providing innovative products and services through the front office and streamlined, efficient processing in the back office. We look forward to providing G&F Financial Group with the advanced technology they need to achieve their very aggressive growth strategies."

Open Solutions Inc. (www.opensolutions.com) offers a fully featured strategic product platform that integrates core data processing applications built on a single centralized Oracle relational database, with Internet banking, cash management, CRM/business intelligence, financial accounting tools, imaging, digital documents, Check 21, interactive voice response, network services, Web hosting and design, and payment and loan origination solutions. 

Mickey Goldwasser mgoldwasser@opensolutions.com Phone: 860.652.3153 Fax at 860.652.3156