OneSource Expands Synergy Solutions

Feb 27, 2004

OneSource Information Services, Inc., a provider of business information solutions, has announced new Synergy Solution offerings tailored for sales and marketing organizations and industry sectors such as commercial banking, insurance, legal, and accounting. These professional services offerings are designed to offer core functionality for specific business processes, enabled by the new version of the OneSource AppLink Pro Software Development Toolkit (SDK) and business information from the OneSource Enhanced Information Warehouse, and can be customized according to specific client needs.

Providing the information platform for the Synergy Solutions offerings, the OneSource Enhanced Information Warehouse has been redeployed on a single, unified database structure. This platform, based on Oracle technology, enables users to build queries across all types of content, including structured data such as financial information, and unstructured data such as news and analyst reports. The new Enhanced Information Warehouse platform is also expected to enable more rapid deployment of new product functionality for OneSource product users, and faster integration of new content.  

Professional services for the new Synergy Solutions offerings are provided by OneSource's Application Integration Service (AIS) team. Using the AppLink Pro SDK, AIS consultants are able to deploy these solutions by embedding business information within existing infrastructure such as portal applications, CRM systems, and frequently-used productivity tools such as Microsoft Excel 2003 and Microsoft Word 2003. The new Synergy Solutions offerings include: Synergy Solutions for Sales and Marketing, Synergy Solutions for Anti-Money Laundering, and Synergy Solutions for Underwriter Risk Assessment.

Synergy Solutions for Sales and Marketing target applications and productivity tools that support customer-facing processes. Features include: Company Profiling to prepare for client engagements and personalize marketing campaigns with detailed company and industry reports; Opportunity Alerts to maintain awareness of new opportunities at a specific account or at any company within a corporate family structure through company, industry, and competitor news; Competitor Monitoring to view competitors' business summaries, financial snapshots, and event updates, and to create competitive comparison analyses; and Account Prospecting to screen and search for specific companies based on precise criteria, including size, geography, industry, and other metrics.

Synergy Solutions for Anti-Money Laundering enable companies within the legal and financial sectors to identify the risk level of a potential client with functionality to: Review the corporate family structure of organizations; Create an audit trail that provides evidence of anti-money laundering; Check the backgrounds of a company's directors and shareholders; Review financial filings and exchange listing details; Choose pass/fail criteria for anti-money laundering tracking; and Receive risk level classifications and direction on further analysis required.

Customized to meet an individual underwriter's needs, the Synergy Solutions offering for Underwriter Risk Assessment is designed to enable insurance underwriters to consistently and accurately manage the process of assessing the business risk of new and existing accounts. The solution incorporates financial, executive, competitive, and industry information into two applications: An underwriter's packet for initial review and collection of information about a customer, and An underwriter's worksheet for collection of more detailed information, including unstructured text sources, translation of data into quantifiable metrics, and decision support for underwriting analysis.  

The AppLink Pro SDK is priced at an annual fee of $25,000. Synergy Solutions are available from OneSource's AIS team, and are priced based on level of customization and scope of project. A license for the AppLink Pro SDK is bundled into the cost of a Synergy Solutions offering. Access to content in the OneSource Enhanced Information Warehouse is priced separately on a per-user annual subscription basis. The AppLink Pro SDK is available immediately.