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Webster Bank Implements Hummingbird Enterprise for Contract and Compliance Management

Originally published February 22, 2006

Hummingbird, a provider of integrated enterprise content management (ECM) and network connectivity solutions, recently announced that Webster Bank, N.A., a subsidiary of Webster Financial Corp., has implemented Hummingbird Enterprise for Contract Management to automate the contract lifecycle process in its Information Technology (IT) department.

Hummingbird Enterprise for Contract Management is a packaged solution built on the Hummingbird Enterprise ECM platform. It provides organizations with a secure, Web based environment for real-time access to their contract data and offers automation support across all contract management lifecycle stages from creation through negotiation to maintenance.

Webster provides business and consumer banking, mortgage, insurance, financial planning, trust and investment services through 157 banking offices, 304 ATMs, telephone banking and the Internet. The IT group at Webster Bank is using Hummingbird Enterprise and Hummingbird BI, Hummingbird's query, analysis and reporting product, to manage its IT contracts.

Hummingbird Enterprise for Contract Management is not only a repository for Webster's IT contracts, but also keeps IT users informed of important renewal, expiration and decision dates associated with those contracts. Users can sort, categorize, search, classify by risk, and be notified of critical dates prior to contract renewal or termination. This allows the IT department to contribute to Webster's overall compliance position and improve workflow efficiency.

This BeyeNETWORK news item contains information from a recent press release by the company mentioned.