News & Events
Document Sciences Named Banking Market Leader By Celent
11/17/2006, 9:00AM ET
CARLSBAD, CA (November 17, 2006) -- Document Sciences Corporation (NASDAQ: DOCX), a global leader in providing customer communications management solutions, announced today that it has been named a document creation market leader by Celent, LLC in the firm's report, 'Document Management in Banking: Overview and Solution Spectrum'. Celent's independent, industry-leading report is based on conversations with banking customers and interviews with thirty of the most prominent document management vendors serving financial institutions in North America and beyond.
The report, which analyzes the key issues and components of document management for bankers, defines document creation as customer communications and correspondence across various lines of business including retail banking, corporate banking, lending, wealth management, and investment banking.
"The need for managing documents more efficiently is both an enterprise-wide and line of business requirement for banks," comments Madhavi Mantha, author of the report and senior analyst. "Whether driven by the necessity to streamline core processes such as lending or account opening, to improve the quality of customer interactions, or to fulfill compliance mandates across the organization, document management solutions are critical for the optimal functioning of a financial institution."
Built upon an open, standards-based J2EE architecture, the xPression® product suite from Document Sciences enables organizations to generate personalized and customized customer communications from a single platform. Highly flexible, scalable and secure, xPression delivers a wide variety of customer communications including marketing collaterals, correspondence, contracts, policies and relationship statements for distribution via print, email and the Web, in both real time and high volume batch processing.
"We're very pleased to again be recognized as a market leader in document creation, this time in Celent's Document Management in Banking report," says Nasser Barghouti, Chief Technology Officer of Document Sciences. "xPression enables organizations to quickly design graphically rich one-to-one customer communications, streamline the document generation process, and improve the overall customer experience. Our continued innovation, as evidenced by the newest xPression product suite component, xPresso® for Adobe® InDesign®, demonstrates our unrelenting commitment to developing best-in-class document generation solutions for our Worldwide customer base in the financial services industry."
Celent's Document Management in Banking report is based on both vendor-provided and publicly available information about banking-specific applications and infrastructure software. More information about the report can be found at www.celent.com.
About Celent
Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology, and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally experienced analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent's research services cover the following six sectors of financial services: Retail Banking, Wholesale Banking, Retail Securities and Investments, Institutional Securities and Investments, Life/Health Insurance, and Property/Casualty Insurance. For more information about Celent, please visit www.celent.com.
About Document Sciences
Document Sciences is a market-leading global solutions provider for customer communications management. Our award-winning xPression software suite enables organizations to automate the creation and delivery of well-designed, highly personalized communications -- from customized marketing collaterals, contracts and policies to high-volume relationship statements and correspondence. More than 500 content-driven organizations worldwide, including over 60 FORTUNE Global 500 companies, use Document Sciences' solutions to reduce development costs by up to 90%, improve time-to-revenue by as much as 75%, and enhance the overall customer experience with highly effective 1:1 communications. Based in Carlsbad, California, with award-winning offshore services operations in Beijing, China and offices across the U.S. and in London, Document Sciences also markets its products in Europe, Australia, Canada, New Zealand, Latin America and Asia. For more information about Document Sciences Corporation, call 888.4.DOC.SCI or visit www.docscience.com.
This press release may contain "forward-looking" statements about possible or assumed future results of our financial condition, operations, plans, objectives and performance. You can identify these statements by the fact they use words such as "believe," "expect," "anticipate," "estimate," "project," "intend," "plan" or similar expressions. Many possible events or factors could affect our future financial results and performance. This could cause our results or performance to differ materially from those expressed in these forward-looking statements. Some of these events or factors include the following: (i) national, international, regional and local economic, competitive and regulatory conditions and developments; (ii) the market for dynamic content publishing software (including the emerging content processing market); (iii) market acceptance of enhancements to our existing products and introduction of new products; (iv) continued profitability of our professional services; (v) maintaining our relationships with Xerox Corporation and our other distribution partners and/or other risks detailed from time-to-time in our SEC reports, including the report on Form 10-K for the fiscal year ended December 31, 2005. We do not undertake, and specifically disclaim, any obligation to update forward-looking statements.