IRVINE, Calif. — February 8, 2018 — Hitachi Solutions America, a leading provider of global industry solutions based on the Microsoft Cloud, today announced a strategic implementation partnership and new joint offering with Apttus, the category-defining Quote-to-Cash (QTC) and Contract Lifecycle Management (CLM) solution provider. The new offering, the Intelligent Financial Services Cloud for Asset Management, is powered by Apttus and built by Hitachi Solutions America.
The solution was built to improve how asset and investment management firms improve the management of legal agreements and contracts. These capabilities will assist in the automation of onboarding and account setup activities, agreement approval processes, renewal processes and verification. The solution also helps contract coordinators and client administration teams with predefined process and approval templates, preset business rules supporting regulatory alignment, and automation support for mass amendment repapering, retention and document curation.
Leveraging intelligence models built on Microsoft Azure AI, algorithms supporting repapering and other processes further enable automated routines and decision-ing resulting in reduced hours of time and expense. Repapering, transparency and contract digitization is top of mind for the C-Suite in global banks, due to uncertainty and existing regulatory challenges, such as MiFID II, Brexit, and QFC and Dodd Frank loom.
“Our financial services clients continue to look for innovative ways to improve performance and serve clients more effectively. Partnering with Apttus to implement our new joint solution brings huge value to our Dynamics 365 deployments,” said Landy Wingard, Vice President, Banking and Capital Markets, at Hitachi Solutions America. “Hitachi Solutions America is dedicated to customer success and we continually strive to provide our clients the best possible ROI by offering a full span of CLM solutions, underpinned with intelligence and machine learning of Azure and the Microsoft Cloud. Therefore, Apttus was a natural choice.”
The Intelligent Financial Services Cloud for Asset Management will deliver the following benefits to financial services firms:
- Expediting the contract drafting, redlining and approval workflow processes by leveraging machine learning capabilities – the technology “learns” and continually refines the process
- Real time monitoring of agreements, approval queue’s, and CLM backlog
- Proposal and deal structuring for more efficient and profitable deals leveraging relationship and behavioral data while reducing contracting time through an automated and more seamless experience
- Automating repapering and mass amendments when regulations change
- Reducing operational costs with disclosure libraries and consistent branded templates
- Leveraging electronic signatures and “Max,” Apttus’ artificial intelligence agent, to enable search, review, and escalate issues through natural voice recognition or text
- Leveraging business rule orchestration for DOT/QFC, FACTA and KYC/AML questionnaires and workflow
- Enabling MiFID II research unbundling and Dodd Frank, DOL fiduciary requirements compliance, and AS606 revenue recognition compliance
- Fully secure with the highest levels of data encryption and fully traceable audit controls
“Apttus’ use of Azure, machine learning, and artificial intelligence applications bring a whole new solution set to the financial services marketplace and we are delighted to team up with Hitachi Solutions America to both scale globally and help deliver a full suite of business applications from Microsoft,” said Kirk Krappe, Apttus CEO. “Our partners are key in successfully enabling digital business transformation for our banking customers and formalizing our partnership reinforces this commitment, as well as go-to-market initiatives for both companies.”
For more information about Hitachi Solutions America’s partnership with Apttus and the Intelligent Financial Services Cloud for Asset Management, contact us here.
Apttus, the category-defining Quote-to-Cash and Contract Lifecycle Management technology company, drives the vital business process between a buyer’s interest and the realization of revenue. Utilizing a patented combination of SaaS-based applications, the Apttus Intelligent Cloud maximizes revenue and business outcomes for companies of all sizes. Enhanced by Machine Learning and Max, an Intelligent Agent, Apttus applications include Configure Price Quote (CPQ), E-Commerce, Contract Management, Incentives Management, Renewals, Billing and Order Management. The Apttus Intelligent Cloud is powered by the world’s most trusted cloud platforms, including Salesforce and Microsoft Azure. Apttus is based in San Mateo, California, with additional offices located across the globe. For more information visit: apttus.com.
About Hitachi Solutions America, Ltd.
Hitachi Solutions America, Ltd. helps its customers successfully compete with the largest global enterprises using powerful, easy-to-use, and affordable industry solutions built on the Microsoft Cloud and enhanced with world class Business Analytics, Portals, and Collaboration. Hitachi Solutions America provides global capabilities with regional offices in the United States, the United Kingdom, Canada, India, Japan, China, and Asia Pacific. For more information, call 888-618-1521 or visit: https://us.hitachi-solutions.com.
About Hitachi Solutions, Ltd.
Hitachi Solutions, Ltd., headquartered in Tokyo, Japan, is a core member of Information & Telecommunication Systems Company of Hitachi Group and a recognized leader in delivering proven business and IT strategies and solutions to companies across many industries. The company provides value-driven services throughout the IT life cycle from systems planning to systems integration, operation and maintenance. Hitachi Solutions delivers products and services of superior value to customers worldwide through key subsidiaries in the United States, the United Kingdom, Canada, India, China, and Asia Pacific. For more information on Hitachi Solutions, please visit: http://www.hitachi-solutions.com.
About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society’s challenges with our talented team and proven experience in global markets. The company’s consolidated revenues for fiscal 2016 (ended March 31, 2017) totaled 9,162 billion yen ($81.8 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes power & infrastructure systems, information & telecommunication systems, construction machinery, high functional materials & components, automotive systems, healthcare and others. For more information on Hitachi, please visit the company’s website at http://www.hitachi.com.