Hummingbird Enterprise Sets The Standard For Compliance And Records Management Functionality
Hummingbird Ltd. (NASDAQ: HUMC, TSX: HUM), a leading global provider of integrated enterprise content management (ECM) and network connectivity solutions, today announced that Hummingbird Enterprise records and content management solutions have been adopted worldwide to address standards-based compliance requirements. The innovative compliance and records management solution helps customers protect, organize, and manage the entire lifecycle of critical business content.
The rise in the regulatory pressures facing businesses today creates risk for any organization that does not manage business-critical information correctly. Hummingbird Enterprise offers a single repository that manages all in-process content and final records in both physical and electronic formats. Customers can classify not only traditional content as records, but also e-mail, instant messaging conversations, and rich media. This significantly reduces risk exposure for organizations, averting the consequences of failure to comply with established retention policies, and reduces the costs associated with a discovery order.
"Increasing concerns for accountability and transparency are driving information management practices as organizations struggle to meet governance requirements to make business content traceable, secure and auditable," said Barry Litwin, President and Chief Executive Officer, Hummingbird Ltd. "Hummingbird Enterprise empowers organizations to mitigate risk by providing a policy-driven compliance platform for the management of physical and electronic knowledge assets. Customers are able to reduce risks, lower storage costs and optimize organizational performance, while improving access to information."
Hummingbird's Proactive Compliance framework meets the rigorous legislative and regulatory requirements across market sectors while mitigating risk. With Hummingbird Enterprise, customers can apply long term access, audit and retention control of all content enabling compliancy requirements with regulatory and privacy mandates including Sarbanes-Oxley, SEC 17a, NASD 3010, HIPAA, PIPEDA, ISO 15489, USA Patriot Act, EU Privacy Laws, U.S. Safe Harbor, and FDA 21CFR11.
Hummingbird provides government departments with a leading-edge enterprise content management solution that is built on a secure, feature- rich, standards-compliant records management foundation. Hummingbird Enterprise provides an enhanced hierarchical security model and enhanced security of metadata with DoD 5015.2 certification including the rigorous Chapter 4 requirements. In addition, Hummingbird's products have been certified on the UK TNA 2002 - The National Archives specification.
Hummingbird Enterprise for Legal, Hummingbird's proactive compliance framework for practice management, which includes records management, conflicts management, new business intake and critical dates management solutions, has proven to be the leading records management solution in the legal community as more and more law firms take steps to enhance their compliance infrastructure.
Non-intrusive Records Management
Hummingbird Enterprise makes records management as invisible as possible
to the end-user by enabling companies to automate the process that determines
whether a document is designated as being "record worthy." Business rules on
how documents and records are stored, preserved and disposed of are best
managed using corporately-agreed upon processes. In order to comply with the
proliferating corporate compliance and governance regulations, organizations
must be able to defend and assure processes were followed related to all
corporate content assets, including e-mail, instant messaging conversations,
documents, records, reports, and structured data. Hummingbird Enterprise
audits each step, including who or which system performed it and when.
According to a recent research report from Gartner Inc., "Most organizations already have a program for paper records, or programs for individual departments or business units, but extending a records management initiative companywide poses new challenges. Programs must encompass all kinds of record types: paper, electronic documents, e-mail and instant messages. You must also apply records management policies consistently across all departments and units."
About Hummingbird Enterprise
Hummingbird Enterprise provides an integrated platform for enterprise
content management that provides global organizations with solutions to manage
business interaction information such as documents, records, virtual deal room
exchanges, discussions, e-mail or financial data - linking business processes,
information and people. Hummingbird solutions are designed as modular
applications that are fully interoperable with each other, enabling customers
to incrementally build an enterprise content management solution to meet their
evolving information needs in a cost effective manner.
About Hummingbird
Hummingbird Ltd. (NASDAQ: HUMC, TSX: HUM) is a leading global provider of
enterprise software solutions. The Company's enterprise software solutions
fall into two principal categories: enterprise content management (ECM)
solutions, and network connectivity solutions. Hummingbird's ECM solutions
enable organizations to manage the lifecycle of enterprise content from
creation to disposition, thereby enabling organizations to address critical
business needs, such as information management, business continuity,
compliance and risk mitigation. The network connectivity solutions provide a
comprehensive set of core network technologies that enables the enterprise to
connect to any type of legacy system.
Founded in 1984, Hummingbird employs over 1,525 people and serves more than 33,000 customers, including 90% of Fortune 100. Hummingbird solutions are sold directly from 40 offices worldwide and through our Alliance Network of partners and resellers. For more information, visit www.hummingbird.com.