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Mitratech, provider of legal, compliance and risk management software has reached a partnership agreement with Union Systems Limited (USL), an information technology (IT) company that specialises in the marketing and implementation of software solutions for banks and financial institutions across Africa.
The strategic partnership entails USL marketing and implementing Mitratech’s DataStoreDSX Enterprise Content Management (ECM) software solution, which for over 20 years has been the industry standard ECM solution for banks in Africa with clients in every sub-Saharan country.
It is believed that this alliance strengthens both USL and Mitratech’s position as the leading source of information governance and content management technology on a continent home to six of the world’s ten fastest growing economies. With the increased ability to store, view, archive and distribute huge volumes of data regularly, DataStoreDSX helps banks comply with regulations including those frequently updated by Central Banks and various international regulatory bodies.
“We have been supporting software at African banks for many years and we work with leading banks in different countries, so it is crucial for USL to engage with partners who can guarantee quality and bring a high level of expertise to our customers,” said Aonghus Geraghty, President and Chief Sales Officer at Union Systems Limited.
“Digital technologies are characterised by large network effects, large fixed costs and close to zero marginal cost. At USL, we feel that these are key points for banks planning to be the big winners in the African market. Through our partnership with Mitratech, we will be able to help such ambitious banks fully automate their document handling across the entire bank, helping maintain regulatory compliance, reduce costs and improve customer service,” Geraghty added.
More than 25 banks across Africa count on Mitratech to help them meet the increasing demand for customisation, communications and access to customer information.
DataStoreDSX supports key enterprise processes and delivers end-to-end control of all content across an organisation, including scanned documents, text files, images, word documents, emails, print streams, spreadsheets and more. By providing a single source digital repository for structured and unstructured corporate information, DataStoreDSX integrates seamlessly with line of business applications to help manage information at an enterprise level and support an organisation’s immediate and future regulatory, legal, risk and operational requirements.
“We are very excited to welcome Union Systems Limited to our partner network,” said Connor Blake, Director of Alliances & Partnerships for Mitratech.
“The combination of our DataStoreDSX document management solution, coupled with USL’s expertise and long-term relationships with African banks, can only help further establish DataStoreDSX as the de facto standard for Enterprise Content Management in the region. It delivers outstanding results by adapting to constantly changing operating conditions, regulations and competition,” Blake added.
Union Systems Limited (USL) is an Information Technology Company focused on the support of advanced software for banks and financial institutions across Africa. With headquarters in Lagos, Nigeria, the company has a deep understanding of the African markets. Since the company was formed in 1993, USL has developed partnerships with international blue chip organisations including IBM, Oracle, Finastra, FircoSoft, 01 Systems and Mitratech.
Mitratech is a market-leading provider of legal, compliance and risk software solutions for more than 1,200 organizations of all sizes across the globe, representing almost 40 percent of the Fortune 500, and over 500,000 users in over 160 countries. Mitratech’s portfolio of enterprise legal and risk management software includes: legal matter management, spend management, eBilling, legal hold, contracts management, risk management, policy management, audit management and health & safety management.
