ECM Archiving Solution reduces physical storage requirements.
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Press Release Summary:
Xenos DSR(TM) intelligently separates unique transactional content, such as current billing or account information, and common document resources, including content-rich graphics repeated across every customer communication, storing only single instance. Pointers to these common resources are then embedded in documents that contain the unique transactional data elements. When documents are requested, Xenos DSR dynamically retrieves them, ensuring document fidelity and accuracy.
Original Press Release:
Xenos Unveils Document Storage Reduction Solution for Enterprise Content Management
Enables Enterprises to Slash Storage Costs Instead of Staff and Achieve Significant Payback
TORONTO, March 4 -- Xenos Group Inc. (TSX: XNS) today launched Xenos DSR(TM), a high-performance document storage reduction solution for enterprise content management (ECM). Xenos DSR reduces the amount of physical storage required to archive the high volumes of content-rich documents sent to customers - such as monthly statements, bills and correspondence - by more than 90 per cent. As such, it offers a proven way for enterprises to drastically reduce operational costs, providing an alternative to staffing or service reductions.
To meet customer needs, regulatory requirements, and corporate mandates, enterprises archive documents. Depending on the number, size and format of customer documents, monthly storage requirements typically reach several terabytes for an enterprise. As the cost of storage can be $25 per gigabyte or more, the short and long term savings potential is significant. For example a financial services organization sending out 600,000 monthly statements, three double-sided pages in length, will be faced with monthly storage costs of $78,500, or $6,594,000 over a typical seven year retention period.
"The number and frequency of statements and other customer communications that companies send out is skyrocketing, while the average document size is growing exponentially due to the graphically-rich nature of these materials. Regulatory compliance requirements for long-term records retention simply compound the issue," said Steve Jones, vice president, Solutions Strategy, Xenos Group. "Because of these factors, the soaring cost of archiving is reaching crisis levels at a time when businesses can ill-afford additional costs."
Xenos DSR intelligently separates unique transactional content (such as current billing or account information) and common document resources (including content-rich graphics repeated across every customer communication), storing only a single instance. Pointers to these common resources are then embedded in documents (such as an invoice or statement) that contain the unique transactional data elements.
"The current economic climate is driving enterprises to look for savings in every aspect of their business. Unfortunately one of the most obvious ways to lower costs is often overlooked," explained Jones. "A document storage reduction strategy can result in massive recurring cost savings, freeing up valuable IT budget for more important strategic initiatives and staffing."
When documents are requested, Xenos DSR dynamically retrieves them in milliseconds, with 100 per cent document fidelity and accuracy. By using Xenos DSR, a solution delivered by the Xenos Enterprise Server, enterprises can also transform or repurpose document formats to serve multiple purposes, thereby extending the value of archived information without additional cost. Xenos DSR also reduces network congestion thereby further enhancing the speed at which customer communications are presented online.
The Xenos DSR solution is available immediately. Enterprises can call +1 (905) 709-1020 x 5118 to schedule a meeting with a Xenos account executive to discuss potential savings through a Xenos DSR implementation.
About Xenos Group Inc.
Xenos (TSX:XNS) is the market-leading provider of high-performance software solutions that deliver a superior Return on Information(TM) by Streamlining Enterprise Information Supply Chains(TM). The company's solutions, based on the scalable Xenos Enterprise Server(TM) and its components, process, extract, transform, repurpose and personalize high volumes of data and documents for storage, real-time access, ePresentment, printing and delivery in numerous formats across multiple channels. By readily repurposing, integrating with and extending the business value of existing technology, infrastructure and business applications, Xenos solutions empower organizations to adapt to changing market demands. They also improve operational efficiency, enhance business processes, reduce risk for compliance management and increase employee productivity with lowered total cost of ownership both for the enterprise and for its customers. Xenos supports Green IT initiatives by empowering organizations to "Reduce Reuse Recycle" information resources.
Xenos customers are among the largest organizations worldwide, spanning numerous industries including financial services and insurance. Xenos has offices in Canada, the United States, the United Kingdom and France and a global partner network. For more information, visit www.xenos.com.
(C)2009 All rights reserved. Xenos, the Xenos logo, Xenos Enterprise Server, Xenos ES, Xenos Integrated Document Solution, Xenos IDS, Xenos Loader, Xenos DSR, Xenos OnLine, Streamlining Enterprise Information Supply Chains, and Return on Information are either registered Trademarks or Trademarks of Xenos Group Inc. All other trademarks and trade names are the property of their respective owners.
