PowerCenter Data Integration Platform Helps Speed Mandatory Reporting to
Federal Government by 90 Percent
REDWOOD CITY, Calif., Oct. 11 /PRNewswire-FirstCall/ -- Informatica
Corporation (Nasdaq: INFA), a leading provider of data integration software,
today announced that the Educational Credit Management Corporation (ECMC) has
successfully standardized enterprise-wide on the Informatica PowerCenter data
integration platform. A leading guarantee agency for student loans, ECMC is
leveraging PowerCenter across numerous integration projects to dramatically
increase the timeliness of regulatory reporting and reduce operational costs
associated with managing millions of loans every month.
"By driving more accurate and timely reporting, PowerCenter is helping us
stay ahead of the compliance curve using fewer people," said Greg Van Guilder,
director of the Educational Credit Management Corporation's finance group. "We
now have a flexible integration platform that addresses the complex logic
involved in our data integration projects, enabling us to provide a
centralized source of trusted information for business visibility and
compliance efforts organization-wide. As integration-driven projects
proliferate at ECMC, Informatica is also helping us move towards an
Integration Competency Center, or center of excellence, approach to data
integration."
ECMC provides a range of services to students, schools and lenders
participating in the Federal Family Educational Loan Program. At a minimum,
its portfolio data must be reported monthly to the U.S. Department of
Education. By implementing PowerCenter, ECMC slashed the time required to meet
key reporting requirements by approximately 90 percent. This enables the
reporting process to be run at any time on any day without affecting mainframe
production systems, which in turn enables ECMC to now report weekly to the
federal government.
"We're pleased to have helped ECMC leverage the power of data integration
to exceed the federal government's reporting requirements," said John
Entenmann, executive vice president of corporate strategy and marketing at
Informatica. "As with other financial services companies, we've also helped
ECMC to consolidate and validate large quantities of complex data for
strategic initiatives beyond compliance, such as risk management and customer
insight."
About Informatica
Informatica Corporation is a leading provider of data integration
software. Using Informatica products, companies can access, integrate,
visualize, and audit their enterprise information assets to help improve
business performance, increase customer profitability, streamline supply chain
operations and proactively manage regulatory compliance. More than
2,000 companies worldwide rely on Informatica for their end-to-end enterprise
data integration needs. For more information, call 650-385-5000
(1-800-970-1179 in the U.S.), or visit http://www.informatica.com.
NOTE: Informatica and PowerCenter are registered trademarks of
Informatica Corporation in the United States and in jurisdictions throughout
the world. All other company and product names may be trade names or
trademarks of their respective owners.
SOURCE Informatica Corporation
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Related links:
http://www.informatica.com
CONTACT:
Meagan Busath of Informatica Corporation,
+1-650-385-5345, or mobile, +1-408-464-2239, or
mbusath@informatica.com; or Kerry Hall of Text 100,
+1-415-593-8462, or mobile, +1-408-910-1156, or
informatica@text100.com, for Informatica
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