Enterprise Content Management: Hyland Software Named Top 50 Provider By Mortgage Technology Magazine
Mortgage Technology magazine has recognized Hyland Software Inc., developer of the OnBase enterprise content management (ECM) software suite, as one of the 2007 Top 50 Providers for the fourth year in a row. Hyland was the only independent ECM-specific vendor included on the list. The announcement was made in the publication's July issue.
"Paper-based processing is the single biggest operational headache faced by lenders, particularly in the final stages of the mortgage process. Lenders need an enterprise-wide, integrated approach to content and process management which can support a hybrid processing environment to enable the eMortgage," said Jason King, director of financial services for Hyland Software. "Because our sole focus is on enterprise content management, Hyland Software is in a unique position to assist lenders in eliminating these pain points. By investing in an ECM system such as OnBase, lenders are able to eliminate paper, reduce costs, speed delivery to the secondary market and improve overall process efficiency."
Four major criteria for inclusion in the Mortgage Technology Top 50 Providers' list are customer satisfaction, functionality, market share and a viable revenue model. Last year's Top 25 listings were combined into the Top 50 for 2007 to reflect how the line separating technology vendors and service providers has blurred as vendors are now offering both licensed software and software as a service (SaaS) models.
"It's difficult for lenders to do accurate due diligence on a vendor no matter how intense their process may be, and Mortgage Technology magazine is in a position to help this process along," Garritano said. "We can't be the only source for vendor due diligence, but in spotlighting what we view as the top 50 mortgage technology providers we hope to be a trusted, unbiased third party that a lender can use as a first stop in looking for vendors before they go through their internal investigations."
OnBase is an ECM software suite with applications that include document imaging, workflow, electronic document management, COLD/ERM and records management. OnBase allows financial institutions to manage all digital content, including scanned paper documents, e-mails, faxes, print streams, application files, e-forms, Web content and multimedia files.
About Hyland Software Inc.
Established in 1991, Hyland Software Inc. is the developer of OnBase, a rapidly deployable suite of enterprise content management (ECM) software applications. OnBase is a modular suite of ECM applications that includes document imaging, workflow, electronic document management, COLD/ERM and records management. OnBase allows organizations to manage all digital content, including scanned paper documents, e-mails, faxes, print streams, application files, e-forms, Web content and multi-media files. OnBase is used by businesses and government agencies around the world to reduce the time and cost of performing important business functions and address the need for regulatory compliance through the management, control and sharing of digital content with employees, business partners, customers and other constituencies. For more information about OnBase, please contact an Authorized OnBase Solution Provider or visit www.onbase.com.
SOURCE: Hyland Software Inc.