Chicago, 2nd June 2004. Rolfe &
Nolan Systems Inc. announced a five-year renewal by Triland USA, Inc. for RISC,
Rolfe & Nolan’s comprehensive futures and options back-office processing
system, and e-Route, its Internet / intranet data formatting and delivery
module. As part of an ongoing commitment to its Application Service Provider
(ASP) business model, Rolfe & Nolan will provide all hardware,
communications, application processing, and exchange connectivity requirements
to Triland.
“Rolfe & Nolan’s software solutions satisfy our business requirements
well. We’re also pleased with the efficiencies achieved by outsourcing our
operational and infrastructure management to them via their ASP offering,” said
Angelo Gibaldi, general manager and CFO of Triland USA. “We have already seen
enhanced processing performance, and have eliminated the need to divert resource
from our core business competencies.”
As part of the renewal, Triland USA also added Rolfe & Nolan’s Task
Automation Module to its existing product suite. With this module, a firm can
reduce internal cost and overhead by automating day-to-day tasks such as
reconciliation of positions and cash between both exchange and counterparty;
customer communication; running a program; sending e-mail and archiving data.
This removes the need for manual intervention, and delivers more timely and
accurate reporting of business critical information.
“As the industry moves toward STP solutions, we aim to automate and outsource
our applications and processes,” said Gibaldi. “By leveraging the expertise of
industry professionals like Rolfe & Nolan, we can continue to provide the
highest quality service to our customers and more effectively build our
business.”
“Triland’s five-year renewal is yet another example of the industry trend
toward outsourced solutions through an ASP vendor,” said Bob Sylverne, chief
executive officer of Rolfe & Nolan Inc. “More and more firms are realizing
the improved performance and cost efficiencies that can be achieved by
outsourcing the management of hardware, applications, and connectivity to
experienced ASP vendors like Rolfe & Nolan.”
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