06/01-10   -   Press releases

Calyon Goes Live With Misys for Advanced Financial Supply Chain Services

Online Management of Open Account Trade Flows Now Available to Calyon Customers as Well as Traditional Trade Finance

Misys plc (LSE: MSY), the global application software and services company, today announces that Calyon, the corporate and investment banking arm of Credit Agricole Group, has gone live with the innovative purchase order and invoice management capabilities of Misys Trade Portal. The new functionality enables Calyon to broaden its service offering to customers to now include open account-based scenarios in support of advanced trade payables and receivables financing mechanisms.

Trade finance has faced its own challenges over the last fifteen months and as a result, organisations have been looking to broaden their offering and satisfy the demand from customers for more flexible trade finance products. Calyon, a long-standing customer of Misys, needed a solution to enable it to offer tailor-made financial supply chain services such as early payment services. Using Misys Trade Portal, Calyon is able to give customers, such as the Casino Group, one of the world´s leading food retailers, an online portal through which they can also have a better, more strategic relationship with their suppliers.

Calyon can now easily adapt its trade finance offering with the easy-to-use capabilities in Misys Trade Portal. The solution is the only one that truly offers end-to-end integrated online services, including purchase order initiation, invoice presentation, automated submission of the payment all on the same platform. These services are all provided alongside traditional trade finance instruments such as Letters of Credit, Documentary Collections and Guarantees on the platform. This benefit gives Calyon a significant advantage over its competitors and the solution is integral to the bank´s growth plans in this space.

"Improving services with a competitive offering is vital to our business. Working with Misys has enabled us to continue to innovate for our customers and quickly respond to changing market conditions." states Francois Cron, Head of Trade Finance e-Banking at Calyon. "The solution was very quickly rolled out, from proof of concept and testing to implementation in under twelve months and we already have a customer using it and taking advantage of the innovative facilities the solution and platform provides."

"Innovation, flexibility and ease of use are the demands that Misys and Calyon are both hearing from customers," said Olivier Berthier, Solutions Director, Transaction Banking, Misys. "As a long-term partner of Calyon, we´re delighted that we were able to provide the latest innovations for its trade finance business. Misys Trade Portal provides that to our clients and in turn, helps them to deliver solutions and services that are critical to their customers."

About Misys plc

Misys plc (LSE: MSY), provides integrated, comprehensive solutions that deliver significant results to organisations in the financial services and healthcare industries. We maximise value for our customers by combining our deep knowledge of their business with our commitment to their success.

In banking and treasury & capital markets, Misys is a market leader, with over 1,200 customers, including all of the world´s top 50 banks. In healthcare, Misys plc owns a controlling stake in NASDAQ-listed Allscripts-Misys Healthcare Solutions, Inc, a clear leader in the provision of healthcare technology, serving more than 150,000 physicians, 700 hospitals and nearly 7,000 post-acute and homecare organisations. Misys employs around 6,000 people who serve customers in more than 120 countries.

We aspire to be the world´s best application software and services company, delivering results for the most important industries in the world.

Misys: experience, solutions, results

Contact us today, visit: http://www.misys.com