Business Services Industry
Union Bank of California Banks on Savvion for Business Process Improvement
Business Wire, Oct 30, 2007
Leading Banking Firm Selects Savvion to Streamline Loan Verification Process
SANTA CLARA, Calif. -- Savvion([R]), Inc., the industry's leading business process management (BPM) company, today announced that Union Bank of California, a leading full-service commercial bank, has selected Savvion BusinessManager [TM] 7.0 to streamline and automate its loan verification process. Union Bank chose Savvion BusinessManager, an award winning suite that provides the easiest way for people to create, manage and optimize business processes, after an extensive evaluation of several BPM vendors. Union Bank selected Savvion for its flexible distribution and robust feature set.
Union Bank is among the 25 largest banks in the United States and has 321 branch offices in California, Washington and Oregon, two international offices, and facilities in six other states. Headquartered in San Francisco, the bank has more than 10,000 employees. Union Bank will rely on Savvion to enhance a wide variety of processes including verification of deposit (VOD), loan origination, and back office operations.
"More than 100 years ago, our founders had a vision of offering comprehensive financial solutions to individuals and businesses," said Dale Irvine, senior vice president of process reengineering at Union Bank. "We honor that history with a commitment to superior service for our customers, employees, shareholders, and the communities we serve. That is why business process management is such a strategic purchase for us and will assist us in our goal of always improving the way we serve everyone who counts on our services."
"Union Bank is a market leader that understands the strategic value that business process management can bring to any organization," said Patrick Morrissey, senior vice president of marketing and business development for Savvion. "Savvion brings an innovative approach to process management by focusing on collaboration between IT and business users. We are pleased that Union Bank saw the value in this approach and made Savvion its BPM vendor of choice."
About Union Bank of California
Based in San Francisco, UnionBanCal Corporation (NYSE:UB) is a bank holding company with assets of $53.2 billion at June 30, 2007. Its primary subsidiary, Union Bank of California, N.A., had 319 full-service branches in California, 4 full-service branches in Oregon and Washington, and 2 international offices at June 30, 2007. The company's Web site is located at www.unionbank.com.
About Savvion
Savvion is the leading provider of business process management (BPM) software that improves business performance and reduces costs. Savvion has a proven track record of turning process improvement ideas into real-world solutions quickly, often in as few as 30 days, and delivering a return on investment as high as 300%. More than 300 global business enterprises, public service agencies, and systems integration firms, including 20 of the Fortune 100, use Savvion systems to manage their business. Savvion is recognized by Intelligent Enterprise as one of the most influential companies in information technology today, and is a Leader in the Forrester Wave for BPM. To start down the path of process improvement, download the Savvion Process Modeler available for free at www.savvion.com/startnow. Or visit the Savvion ProcessXchange, where people can connect with a community of interest devoted to business process management, at www.processxchange.com.
Headquartered in Santa Clara, California, Savvion can be reached at www.savvion.com or 888-544-5511.
The Savvion logo, Savvion, and Savvion BusinessManager are trademarks or registered trademarks of Savvion, Inc. All other trademarks mentioned herein are the property of their respective owners.
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