Re Contract
Focus Solutions Group PLC
29 September 2005
29 September 2005
Focus Solutions Group plc ("Focus" or "the Group")
Focus announces new contract with new mortgage
network - Home of Choice
Focus, a leading provider of customer management solutions to the financial
services market, has today announced a contract with an innovative new mortgage
network - Home of Choice ("HoC").
The five-year contract is worth £689,000, of which £460,000 is recognised in
this financial year. The contract includes the development of an online solution
to enable HoC to recruit, register and support new mortgage advisers for the
network. Focus was also commissioned to deliver a number of additional
applications including a full sales support system for the provision of product
information, management of the regulated sales cycle, and a complex commission
processing system. The new solution was built using Focus' MCA for Mortgages
approach, with Focus' XML toolkit, "goal:technology", integrated with BEA's
WebLogic(TM) to provide the workflow framework.
As a new start up organisation, speed of development and deployment were key
criteria to the success of the HoC business. The timescales for the project were
particularly challenging and the first phase of the project was delivered to HoC
within just six weeks. The online recruitment solution went live in July 2005
and a substantial number of advisers have already been recruited and are trading
effectively.
Keith Baldwin, Chief Executive, Home of Choice commented:
"Technology plays a key role in the development of our new mortgage network and
we see its application as a key differentiator in enabling us to recruit
advisers and support the sales process electronically. We selected Focus to
develop the new HoC solution based on a combination of their record of proven
delivery in the mortgage marketplace, robust technology and industry knowledge."
John Streets, Chief Executive Officer, Focus Solutions Group added;
"Using our MCA for Mortgages approach we were able to reduce risk and rapidly
develop and deploy a solution for HoC within very short timescales. Since the
start of mortgage regulation there has been a need across all mortgage
organisations to operate in a fully compliant manner in line with FSA
guidelines. The new regime has caused great pressure on the market to ensure
internal systems and sales processes alike meet the regulator's requirements and
Focus is well positioned to help companies fulfil these obligations."
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Enquiries:
Focus Solutions Group plc
01926 468300
John Streets - Chief Executive
Martin Clements - Finance Director
Seymour Pierce Limited
0207 107 8000
Mark Percy/Jeremy Porter
Notes to editors:
About Focus Solutions Group plc
Focus is a leading provider of customer management solutions for the financial
services industry. Focus' MCA (Multi-Channel Advice) approach, powered by goal:
technology, delivers the life, pensions, mortgage and general insurance markets
with a single solution to enable effective electronic trading across multiple
distribution channels, online or offline, achieving straight through electronic
trading at a much reduced cost to the financial services industry.
Focus has a blue chip customer base of financial services organisations
including Abbey for Intermediaries, Assurant Solutions, Barclays Bank PLC,
Capital Home Loans Ltd, Home of Choice, Kensington Mortgages, Legal & General,
Mortgages plc, Norwich Union, Paymentshield, Prudential, Scottish Equitable,
Scottish Widows, Skandia UK Group, Standard Life and Zurich, as well as industry
portals, including Assureweb, The Exchange, IFAengine, Trigold and Webline.
For further information on Focus, please visit www.focus-solutions.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange