FJET.L Regulatory News (FJET)

2 Jun 2008 07:00

Rubicon Software Group

New Client Win 

Rubicon Software Group Plc ("the Company"; AIM: RUBI), the provider of smart decisioning, workflow automation and customer relationship management solutions to the financial services sector, announces that Your Financial Solution ("YFS") has chosen to adopt Rubicon's Secured Loans System.

Rubicon has built an application specifically for secured loan brokers based on its 'Accelerator' rules and workflow engine that it licences on the basis of a monthly fee per user. Rubicon maintains the rules and criteria for each lender as part of the ongoing support of the system and where its clients have set up integrations with lenders Rubicon's system is able to exchange information with the lenders' systems for immediate decisions in principle.

YFS's primary requirements from their new system were:

To be able to source and sell in one call

To have a single system that could accommodate all their data capture requirements

To minimise the need to re-key customer data into multiple systems

To streamline the underwriting and packaging process so that YFS can operate as efficiently and effectively as possible

The Rubicon system was implemented in under two weeks including some specific configurations for YFS. It is being rolled out to all the YFS staff.

Graham Cranstoun, IT Director, Your Financial Solution, stated:

"We've used other systems but none of them really met our needs so we reviewed the market once again.  It turned out to be a very easy decision to make as Rubicon stood out from the competition.  The system is easy to use, simple to configure, scales to support hundreds of users and can be installed very quickly."

Alistair Hancock, Chief Executive Officer, Rubicon Software Group Plc commented:

"Our product generates exceptional operational efficiencies and despite, or perhaps because of, the difficult market conditions we are continuing to receive a number of enquiries which we hope will become firm orders.

"We are delighted that YFS has adopted our system and in addition to the obvious benefits it offers would draw attention to the fact that we were able to have it up an running in just two weeks, thereby bringing an almost immediate impact to their business."

2nd June 2008

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