MediSolution and GFI Business Solutions Sign a Partnership Agreement to Deliver Integrated Human Capital Management Solution
Market Wire, August, 2008
MediSolution Ltd., (TSX: MSH) and GFI Business Solutions, today announced the signing of a partnership agreement to deliver a fully integrated Human Capital Management solution to the healthcare and service sector market. The modular Human Capital Management (HCM) product portfolio will combine the best of breed components from both companies existing platforms and will encompass payroll, human resources, electronic timesheets, employee self-service, time and attendance, and its unique staff scheduling and recall lists features.
Building upon an existing partnership agreement between the two companies, the new agreement will combine GFI Business Solutions' leading Magistra® HR solution with MediSolution's proven Virtuo® Payroll solution creating a unique application with specific features for the healthcare and service sectors. The companies will closely collaborate on a joint development plan and leverage a combined pool of dedicated developers to significantly accelerate time to market and the delivery of a fully integrated feature-rich solution for healthcare and service sector customers.
"The payroll and human resources market will benefit from the tight integration of new HR, scheduling and recall list capabilities", said Paul Lepage, President and CEO at MediSolution.
Significant investments will be made by both companies to ensure healthcare and service sector organizations are provided with flexible solutions that are fully compliant with the evolving service oriented architecture development and latest legislative standards issued by Canada Health Infoway and the Ministere de la Sante et des Services Sociaux du Quebec.
The companies will share best practices and leverage the respective operations expertise within both companies to further improve implementation delivery, with a particular emphasis on process re-engineering and change management.
"GFI Business Solutions customers will benefit from the new solution which will include the full integration of the MediSolution payroll module, a solution that has been renowned for its reliability in healthcare and service sector markets for the past 30 years", said Guy Lacoursiere, General manager, Public Sector, GFI Business Solutions.
Two new customers, Centre de sante et de services sociaux (CSSS) du Suroit and CSSS de Sorel-Tracy, recently signed long term contracts for the proven integrated HCM solution that is already used by more than 50 healthcare customers in Canada. The solution will provide both organizations with a highly effective and robust payroll service with advanced scheduling and recall list management functionality.
About MediSolution
MediSolution (TSX: MSH), a Brookfield Asset Management company, is a leading healthcare and public sector information technology company, providing software, solutions and services to customers across North America. More than 500 hospitals and other healthcare facilities and close to 200 public sector and related organizations rely on MediSolution's systems to maximize their operational efficiencies, lower their costs, and improve the delivery of services. MediSolution has two operating segments. The Resource Management Systems segment is comprised of Financial Management software such as accounts receivable, budgeting and materials management as well as Human Capital Management tools including human resource management, staff scheduling and payroll processing. The Healthcare Information Systems segment is comprised of clinical solutions such as patient tracking, electronic patient health records, pharmacy, radiology and laboratory software for healthcare organizations.
About GFI Business Solutions
Based in Montreal, GFI Solutions Group Inc. is one of Canada's leading IT consulting firms. Its services include management consulting, application development, integration of systems and applications, outsourcing, and technical writing. GFI Solutions Group also operates three business units in the areas of travel, banking and management consulting services.
Now backed by nearly 750 professionals, GFI is one of the largest IT consulting firms in Quebec, and is a member of GFI Informatique group, an international organization with more than 9,500 collaborators worldwide and revenues in excess of CAN$ 1 billion. For more information concerning GFI please visit www.gfisolutions.com .
This press release contains "forward-looking statements" regarding MediSolution's partnership agreement to deliver integrated Human Capital Management Solution with GFI Business Solutions. The words "believe", "expect", "anticipate", "intend", "estimate" and other expressions which are predictions of or indicate future events and trends and which do not relate to historical matters identify forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements because they involve known an unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those set forth in the forward-looking statements include failure to secure additional customer interest in the Human Capital Management Solution following the partnership agreement with GFI Business Solutions, the product's failure to generate anticipated business efficiencies and value for the client and the cancellation of the agreement between MediSolution and GFI Business Solutions.
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Fox Networks Group and Bright House Networks Strike Comprehensive Deal to Distribute Fox Broadcast Stations, National Cable and Regional Sports Networks
- Fox Networks Group and Time Warner Cable Strike Comprehensive Deal to Distribute Fox Broadcast Stations, National Cable and Regional Sports Networks
- Houston Radio D.J. Kevin Kline Completes 500-Mile, 13-Day Ultramarathon Across Texas for Kids with Cancer
- Seaspan Corporation Provides Information on the CSCL Hamburg
- Dodecylamine improves nanocrystal synthesis
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Using object-oriented analysis and design over traditional structured analysis and design
- Design a commission plan that drives sales - Sales Commissions


