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Cabinet NG targets Financial Advisor Community

Friday, January 11, 2008

Press release from the issuing company

Huntsville, Alabama, January 10, 2008 - Cabinet NG, the preeminent automated document management and workflow software provider for small enterprises, today responded to the financial advisory industry's avid demands for document management software to support regulatory compliance, security and integration with third party applications - functionalities missing in most standard electronic document management solutions on the market today. Cabinet NG's Shared Access Filing Environment (CNG-SAFE) is designed with the financial advisor in mind. It automates document filing and retrieval processes, scales to support offices of 2 to 500 users and is uniquely able to help financial advisors affordably achieve document management compliance and manage document risks with amazing simplicity.
CNG-SAFE 6.0, the latest release of Cabinet NG's flagship product, is an automated electronic document management system that helps financial advisors and broker-dealers implement a "paperless office" with complete rights management, rules-based document retention and built-in audit capabilities.
Cabinet NG's unique document management solution for financial advisors addresses these top concerns:
1)    Security. CNG-SAFE 6.0 offers a leap forward in document safekeeping with enhanced built-in data protection capabilities to secure documents and expanded user access controls to enforce authorized access.
2)    Integration. CNG-SAFE integrates - no custom IT engineering required - with most Windows-based CRM, financial planning and other software that advisors and broker- dealers use to run their businesses such as Advisor's Assistant, ACT!, LaserApp, Junxure, Outlook, Qube, and many others.
3)    Value. CNG-SAFE software is priced to meet budget requirements of small enterprises. A complete system for a 2 user office starts as low as $2,500 - including remote installation and training to assist firms in getting the system up and running, plus tech support, maintenance and online training for the first year.
"To financial advisors concerned about getting burned by paper: We Hear You!. Cabinet NG understands the challenges faced when managing mountains of documents and the need for a paperless document management solution to increase efficiency through better business processes and streamlined workflows. We are committed to helping advisors make the transition to paperless pleasant and productive," said Andrew Bailey, President of Cabinet NG.
"Cabinet NG's commitment to the document management needs of financial advisors is impressive. First, the company's CNG-SAFE solution removes the paper bottlenecks to cut costs and streamline processes. Second, the concept of a central, secure document repository gives multiple users easy access to documents based on a firm's specific user-defined access policies," said Joel Bruckenstein, Publisher of Virtual Office News and co-author of "Tools and Techniques of Practice Management."
Bruckenstein added, "At Virtual Office News (www.virtualofficenews.com) we've been reporting that document management is a "must have" technology financial advisors are embracing. Cabinet NG is helping chart the course beyond the obsolete document management 101 solutions of the past. This strategy reinforces a leadership position for Cabinet NG. I believe CNG-SAFE 6.0 will ultimately help the industry by opening everyone's eyes to the power of document management."
Other recent innovations found in CNG-SAFE 6.0 that specifically address financial services industry needs include Retriever, a patent pending technology which enable users to securely access filed documents directly from most Windows-based CRM, financial planning, and other business software.
"When we started using Retriever with Junxure, we were impressed with how easy this integration tool makes it to view client documents filed in CNG-SAFE from the clients screen in Junxure. No more jumping between applications and looking for information in two systems," said Sherod Bigelow, of Alliance Financial Group, Inc. "Cabinet NG is a key element in our business that helps us unite, secure and process information from multiple sources. In addition to Retriever, the CNG-Books integration allows us to process QuickBooks transactions and file documents in one timesaving step."
Other examples of Cabinet NG's commitment to the financial advisor community include a partnerships with ProofSpace, Inc., a provider of data authentication and time stamping technologies, and with Your Silver Bullet, an industry consortium dedicated to promoting interoperable software solutions that 'play well together' to enable financial advisors to spend more time managing clients' money rather than managing incompatible software.
Commenting on the overall benefits and user experience of the Cabinet NG system Lori Lee, COO of Private Consulting Group, Inc, said, "We use Cabinet NG's document management solution to eliminate waste and improve our efficiency, compliance, security and bottom line profits. Cabinet NG's software actually looks like a filing cabinet. This, together with the ease of use of Cabinet NG, plus the training and customer service, ensured Private Consulting Group's successful transition to an electronic document management system."




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