The following article has appeared in news2biz, a Lithuanian newspaper on 10th June 2009.

Click here to read the article.

We are pleased to announce our second presence in Europe. “UAB IDEAL INVENT” based out of Vilnius, Lithuania, has been incorporated to handle support for our entire European customer base. Our centre in Vilnius will host our near shore support and delivery capabilities to the whole of Europe. It will also be our base to expand further into the Eastern European markets.

ProcessMate^® has recently received its Certification of Registration of Trade Mark by the Trade Marks Registry, Government of India, under the Trade Marks Act 1999.

The registered trade mark serves the purpose of identifying IDEALINVENT as the source and sole owner of ProcessMate^®. The reasons for the company’s decision to register the ProcessMate^®trade mark is based on the following:

1. To provide constructive notice to its ownership of the trade mark
2. To possess a legal presumption of ownership of the mark and the exclusive right to use the mark nationwide on (or in connection with) the goods and/or services listed in the registration
3. To use the domestic registration as a basis on which it may obtain registration in foreign countries

IDEALINVENT has successfully ported DataMatrice™ on IBM p-series p570. Also it has completed performance testing and DataMatrice™ Achieved 8680 TPS (Transformations Per Second). The specific objectives of the benchmarking exercise were as follows:

1. To be able to complete the data transformations for customer and accounts modules of legacy core banking system into a target core banking system.
2. To be able to generate Customer statements, for the target core banking system, from the transformed data.

The performance benchmarking exercise has helped IDEALINVENT to optimize the DataMatrice™ data transformation solution on IBM platforms.

Click here to read the ISV Workload Estimator document.

With the ability to do any kind of data extraction and transformation, DataMatrice™ jumps one more step ahead by incorporating a Statements Module and planting its foot strongly into SEPA, which is a vast and complex payment system in the European market.
Key features of DataMatrice™ 3.1 version:

1. Multi Format file upload handling, which allows DataMatrice™ to take in data from files that consist of multiple lines for a single record, and individually specify the format of each line.
2. Emailing of templated files.
3. PDF outputs for templated documents.
4. Maker and checker for custom definitions, which provides additional authorization process for custom definitions, so that all data put into a table needs to be authorized before it can be used.
5. ASCII characters for column delimiter and padding characters – Padding characters and Delimiters can be specified for each file, which can either be static values or ASCII represented.
6. Additional data handling like #COUNT# and #SUM# which can be used in uploads for validations and in handoffs as information.
7. Footer in uploads – Apart from Headers, Footers can now be configured for uploads along with validations.
8. View exceptions in the external request screen, by which the status of DM batches can be initiated and viewed externally through a URL (with restricted access).
9. Support for all encoding formats.

Key features of SEPA Credit Transfers:

1. Support for Direct Customer Credit Transfer - the initiation request is validated and a Credit Transfer Payment is processed accordingly.
2. Support for handling rejection and returned payments – ability to repair and re-send rejected or returned payments due to reasons which are rectifiable.
3. Generate reports like number of initiations, payments, rejections, returned payments etc.

Key features of Statements Module:

1. Configure uploads from the Core Banking System views into identical structures in DataMatrice™
2. Handle complex handoff formats – TITO, TATO, FidaVista and Litas using features of DataMatrice™ 3.1
3. FTP and Emailing of templated files.
4. New web screen which allows a user to login and capture requests for Statement Generation / Re-generation.
5. DataMatrice™ batch to generate scheduled and unscheduled statements.
6. View audit and requests from the web screens.
7. Archival of statements

1. Secure File handling for customers based on the Finnish banker’s association standard PATU security protocol.
2. Maintenance for Customer Service Agreements and Service Bureaus.
3. Support for Secure Bill Payments .
4. A help desk for reports and enquires is also available as part of the solution

With the release of ProcessMate^® 3.5 version in June 2008, ProcessMate^® has taken another big leap towards Service Oriented Architecture by exposing its key business operations as Web Services. It is also now power packed with configurable Process Dashboards, Task Prioritizaton and Auto Allocation Algorithms. You can Cross Sell Products by data driven decision making using the Content Management feature that has the ability to stream information onto the user’s task window corresponding to the data input in the workflow.

The ProcessDesigner module has undergone a major transformation and has many new business critical features, which enable easy modeling of workflows as well as automatic generation of user interface. You can also use it to generate your Process Documentation in a fraction of time.

The Rules module in ProcessMate^® has been enhanced with the concept of Assignment Rules, which helps business analysts to code business rules such that the right tasks are assigned to the right persons.

In a world where change is the only constant, IDEALINVENT proudly joins the bandwagon to present the DataMatrice™ 3.0 version with an all new EDIFACT adapter and payment gateway.

Some of the advanced features of this release are that it allows a user to define complex data types, enables creation of split and templated handoff files, and provides an interface layer to support FTP, HTTP, MQ and Email attachments.

The fully integrated EDIFACT adapter allows sending and receiving of messages which follow the EDIFACT format.

Bank DnB Nord has chosen DataMatrice™, data transformation solution from IDEALINVENT as the data management and transformational engine for its new multi-country core banking roll out.

DataMatrice™, with its proven abilities to extract, transform and manage data specifically crafted for banks, is being used as the data migration tool to migrate data seamlessly from legacy system to the new core banking platform. The bank was able to achieve success on a single switch migration with data being transformed to suit the new system seamlessly using DataMatrice™.

The success of DataMatrice™ in migrating one of the country locations has prompted the bank to deploy such migration techniques for the entire rollout for their multi country migration strategy.

"The Ideal Invent team proved adept at transforming legacy data into the required formats for migration. Using DM they provided an efficient and clean data transformation enabling the project to meet tight deadlines during migration weekend."

IDEALINVENT was recommended for ISO 9001:2000 Certification by TUV India (affiliated to TUV Nord) on 12th March 2008. IDEALINVENT’s Quality Management Philosophy is oriented on Customer Focus, and is aptly defined in our Quality Policy:
“We are committed to creating value for our customers by delivering high quality product and services through well-defined processes and methodologies that ensure meeting and exceeding customer expectations consistently and comply with statutory and regulatory requirements whilst continually improving the effectiveness of the Quality Management System”