Business Services Industry
Archer Daniels Midland Company Selects Mobius WorkflowDirect for Business Process Automation; Mobius Solution to Expedite Invoice Processing
Business Wire, Sept 25, 2002
Business Editors & High-Tech Writers
RYE, N.Y.--(BUSINESS WIRE)--Sept. 25, 2002
Mobius Management Systems, Inc. (Nasdaq: MOBI), a leading provider of software for total content management (TCM), today announced that Archer Daniels Midland Company (ADM), has licensed WorkflowDirect(TM), a new product in the ViewDirect(R) TCM suite, to automate invoice processing in several business departments.
WorkflowDirect is a Java-based business process platform for designing and building workflow applications that connect the enterprise with customers and trading partners. Full integration with the ViewDirect TCM Content Server links documents to work items and users throughout the workflow.
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ADM's goal is to reduce paper and improve efficiency by implementing a workflow system for high-volume invoice processing. "We chose WorkflowDirect because it provided a comprehensive solution and a flexible, robust architecture," stated Jim Gould, IT director of business applications at ADM. "In particular, integration with the ViewDirect TCM Content Repository makes documents easily available. We look forward to implementing workflow in additional departments in the future."
The Mobius Workflow Direct application will take an invoice from initial scanning to auditing and archiving in the ViewDirect TCM Content Repository. "The ability to track items in the workflow - not possible in the previous environment - will help our managers meet the requirements for timely processing," added Gould.
WorkflowDirect is used to design and build applications that support both e-business applications such as procurement and supply chain management and back-office operations such as invoice processing. Business tasks can be defined, routed, tracked and updated as required. The workflow can include interfaces for user interaction as well as interfaces with systems such as finance and accounting, billing, sales, and distribution.
"We are pleased that ADM has chosen WorkflowDirect for this application," said Tim Donnelly, vice president of workflow solutions at Mobius. "WorkflowDirect is designed to improve productivity, reduce errors and enable faster, more accurate decision-making. And all user interactions are browser based, which eliminates the costs of implementation on the desktop and makes it cost-effective for infrequent users to participate in the work process."
WorkflowDirect enables enterprises to use Web technology to more effectively interact with employees, customers, partners and suppliers, while leveraging a single investment into a strategic content and workflow technology across many different applications, including B2E, B2C and B2B.
About ADM
Archer Daniels Midland Company (ADM) is a world leader in agricultural processing. The Company is one of the world's largest processors of soybeans, corn, wheat and cocoa. ADM is also a leader in soy meal and oil, ethanol, high fructose corn syrup (HFCS) and flour. In addition, ADM is building a position in such value-added products as specialty food ingredients, bioproducts and nutraceuticals (such as Vitamin E and sterols). Headquartered in Decatur, Illinois, ADM has over 24,000 employees, more than 260 processing plants and net sales for the fiscal year ended June 30, 2002 of $23.5 billion. Additional information can be found on ADM's Web site at http://www.admworld.com.
About Mobius
Mobius Management Systems, Inc. (www.mobius.com) is a leading provider of integrated solutions for total content management. The Company's packaged software products support a broad range of content-intensive e-business requirements, including customer relationship management, enterprise resource planning, Internet presentment and payment, and imaging and workflow. Mobius products are used by more than one million customers and employees of nearly 1,300 organizations worldwide. More than half of the Fortune 100 companies use Mobius software. The Company, founded in 1981, is headquartered in Rye, New York, with nine U.S. offices, as well as subsidiaries in England, France, Germany, Italy, Sweden, Switzerland, Benelux, Australia and Japan.
Statements contained in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties. In particular, any statements contained herein regarding expectations with respect to future sales and profitability, as well as product development and/or introductions, are subject to known and unknown risks, uncertainties, and contingencies, many of which are beyond the Company's control, which may cause actual results, performance, or achievements to differ materially from those projected or implied in such forward-looking statements. Important factors that might affect actual results, performance, or achievements include, among other things, overall economic and business conditions, the demand for the Company's goods and services, including budget allocations for new software products especially within larger corporate environments which have traditionally licensed the company's products, technological advances and competitive factors in the markets in which the Company competes, including price competition from products providing similar functionality to Mobius' products as well as competition for experienced, seasoned employees (including retention) to support the company's key business operations, ongoing product development and growth, and acceptance and or adoption of the company's new products and services. These risks and uncertainties are described in detail from time to time in Mobius' filings with the Securities and Exchange Commission, including its Quarterly Report on Form 10-Q, filed on May 13, 2002. Mobius accepts no obligation to update these forward-looking statements and does not intend to do so.
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