PRESS RELEASE

 

NEW UK COMPANY PROCESSION LAUNCHES UNIQUE SOLUTION FOR E-PROCESS

Strategies and Funding In Place to Attack Fast Growing Market

Chesham, England. April 4th, 2001 - Procession, a new UK company, has today launched a unique solution for e-Process*. The E-PROCESS SUITE™, which has already been proven within several well-known organisations, uses non-prescriptive technology to manage, audit and maintain sophisticated business processes.

Procession's new management team includes several respected industry veterans and significant funding has been put in place, including a recent subscription from Sigma Technology Group.

Further announcements today include a new research and development centre in Cambridge and the new 'Editions' strategy (see below).

Business Process Management (BPM) is evolving into e-Process, as it adapts to the e-Business environment, and this e-Process market is already very active in the US. Procession, with a solution based on Internet technology, is set to make the most of the expected worldwide growth opportunity. There is no legacy product and the solution is not subject to the drawbacks and limitations of client-server based architecture.

The Technology

The E-PROCESS SUITE™ allows organisations to take the business processes that have been key to their past success, and automate them into Web-enabled systems in a non-prescriptive manner, while any inefficient or unnecessary processes can be identified at the design stage. The intuitive user-friendly graphical user interface (GUI) enables new systems to be designed and deployed very rapidly. Disruption to company culture, staff retraining and drain on IT resources are kept to a minimum. Future changes can be made seamlessly and in real-time. Different languages and scripts are easily catered for by the system's architecture, allowing systems to be fully international.

The E-PROCESS SUITE™'s advanced audit trail logs every action made, allowing complete visibility of all past events on the system. Detailed enquiries can be dealt with quickly and efficiently, while post-analysis of activities on the system helps improve competitiveness and business practices.

'Editions' Strategy

Procession is also launching its 'Editions' strategy. Editions are advanced solutions to some of the most challenging business processes, allowing rapid return on investment (ROI) and reduced time-to-market, and can also be the starting point for comprehensive business systems. These versions of the E-PROCESS SUITE™ have been tailored to focus on specific issues faced by line-of-business managers. For example, the Sales Director Edition, being web-enabled, allows companies to keep their essential forecasting functions completely up-to-date, even when sales staff are out on the road.

Corporate Plans

Procession is growing fast and recruiting widely, both for its new R&D centre in Cambridge and for the expanding headquarters in Chesham. International expansion plans involve the appointment of resellers throughout Europe and OEM deals in the United States.

About Procession
Procession develops & markets Business Process Management (BPM) software for the emerging e-Process* market. Procession's unique user-friendly graphical user interface (GUI) allows the intuitive description of any given e-Business process by the day-to-day user of that process, which means that new systems can be deployed very rapidly. The Procession E-PROCESS SUITE™ is highly scalable due to its standards-based architecture (Java & XML) and is already in use by several blue chip organisations.

Headquartered in Chesham, United Kingdom, the company is currently expanding its operations to support the global marketplace. More information can be found at www.procession.com

-ENDS-

*Gartner defines e-Process as " ... a new term that applies work management and process automation techniques to an e-Business environment."
(Regina Casonato, Gartner Symposium/ITxpo conference, "E-Business and Process Management - Where Flesh and Blood Meet High-Speed Integration", November 2000.)