FOR IMMEDIATE RELEASE
Synaptix Systems Designs and Implements Information Technology Process & Business Infrastructure Solution for $1.3B Mortgage Lending & Financial Services Company
ALISO VIEJO, California – October 1, 2004 – Synaptix Systems Inc., a leading strategy and solutions firm that helps clients improve business performance, today announced the successful delivery of a multi-phased solution to improve information technology (IT) processes and systems for a leading $1.3B mortgage lending & financial services client.
With rapid growth in the business over the previous decade, the mortgage lending & financial services company had outgrown processes, systems and communication mechanisms that were initially designed to accommodate ‘smaller-scale’ operations. As a result, gaps in these processes/systems and in communication between IT and its business unit customers were causing significant operational issues. The negative financial impact of these challenges was further exacerbated by the fact that Sarbanes-Oxley audit requirements had mandated the enhancement or re-definition of key IT policies and infrastructure in areas such as IT financial reporting, program/project management, resource management and production change control.
Synaptix Systems engineered and deployed a series of efficiency-oriented solutions, ranging from new Sarbanes-Oxley compliant policies & procedures to a project initiation, prioritization & execution (PIPE) process that is critical in the effective management of the IT department’s 145-project portfolio and $93M annual budget. Synaptix also developed and implemented a contract/vendor management system that accommodates cradle-to-grave business processes for 400+ new legal agreements annually. Furthermore, the client’s management teamed with Synaptix to enhance change management infrastructure for IT production systems that successfully process more than $76B in annual transactions.
“We appreciate the opportunity to help our client via high-value improvements that have a clear impact on bottom-line financials, employee morale and customer satisfaction”, states Synaptix Systems President & CEO Heath Hawker.
Synaptix solutions have helped the mortgage lending company’s IT organization to improve Sarbanes-Oxley compliance by more than 60% and to deliver 57 on-budget projects to business unit customers over a six month period.
Synaptix Systems provides strategic consultative value and information technology governance solutions that drive significant return on investment through process improvement and program/project management office implementation & optimization. The company’s approach to planning and delivering project value has yielded a sound track record of client satisfaction. Recognized for a common sense client advocacy approach and rigorous delivery methods, Synaptix has developed long-term relationships founded on continuous value creation.
About Synaptix Systems Inc.
Synaptix Systems Inc. has its corporate headquarters at 30211 Avenida de las Banderas, 2nd Floor, Rancho Santa Margarita, CA 92688. Synaptix Systems can be reached at 949-888-6640, or by email at info@synaptixsystems.com.
All company, brand or product names are registered trademarks or trademarks of their respective holders. This press release may include forward-looking statements, including statements regarding the company's product development plans, which are subject to change. The actual results may differ materially from those described in any forward-looking statement.