Nexedi Announces Open Source Cloud Banking Solution Based on ERP5 and SlapOS

Online, May 19, 2014 (Newswire.com) - After 6 years of successful operation of ERP5 ERP/CRM in multiple financial institutions, Nexedi is proud to announce an open source Cloud based solution for Banking with a simple and innovative pricing scheme: Nexedi Cloud Banking.

Dr. John P. Smets, CEO of Nexedi, explains: "A ready-to-operate bank can now be launched within a month with an initial IT investment of only 50 KEUR and a predictable additional cost based on the number of custom workflows and reports. By automating configuration processes that would else take months or years, Nexedi has been able to significantly reduce cost and lead time of a total banking IT environment that includes standard setup, operation and hosting of core banking, budget accounting, document workflows and payroll."

Thierry Brettnacher, VP Consulting of Nexedi, adds "Nexedi Cloud Banking leverages our experience with banking, payment systems and approval workflows in Africa, America, Asia and Europe. Standard ERP5 can process more than 25,000 complex transactions (such as payments or invoices) per hour, which is suitable for a central bank or for a regional bank. With NEO distributed database technology, ERP5 can also handle nationwide banks networks and a century of data archive."

Emily J. Hsu, Nexedi VP marketing concludes: "Nexedi Cloud Banking is fully open source, reversible and elastic. It can be deployed on premise as a private Cloud or on a public infrastructure such as ViFiB. Nexedi provides complete know how transfer* services in 1 year for IT teams that need to acquire complete independence. Overall, thanks to open source, banking IT has become a commodity."

* Permanent URL

http://www.nexedi.com/news-Cloud.Banking

* Contacts

- Dr. John P. Smets - CEO Nexedi S.A. - jp (at) nexedi (dot) com - Tel. +33 (0)6 29 02 44 25 or +86 182 01 75 42 78
- Emily J. Hsu - VP Nexedi S.A. - emily.hsu (at) nexedi (dot) com - Tel. +33 (0)6 77 73 59 28

* About Nexedi

Nexedi is the creator and leader of the ERP5 Open Source ERP project. Nexedi has developed and deployed ERP5 for a wide range of industries such as aerospace, apparel, banking, healthcare and government. ERP5 is used in companies of all sizes in Africa, Asia, Europe, North and South Americas. The open source nature of ERP5 eliminates licensing costs and provides full freedom to update and customise the system as business requirements change with no
single vendor lock-in.

Nexedi is a major contributor to the SlapOS technology, a distributed Cloud Computing system compatible with the leading market standards and designed for resilience and reversibility for critical applications.

Nexedi is a the developer of NEO, an open source distributed transactional NoSQL database built on MariaDB that implements the ZODB protocol for python objects.

Nexedi provides 24H around-the-clock support to corporations and governments wishing to migrate their mission critical applications to open source software solutions.

More information at www.nexedi.com, www.erp5.com, www.neoppod.org, www.wendelin.io and www.slapos.org.

* Legalese

Nexedi and ERP5 are registered trademarks of Nexedi.