Disc Inc., a subsidiary of Nynes, has introduced Windows-based versions of several of its products.
According to Joe Spatarella, vice president of strategic planning and marketing, these new releases are part of a long-term plan at Disc to support a range of operating systems.
"Some customers will want to move to Windows; others are comfortable in DOS," he said "We want to serve the varied needs of our customers."
For Tracking Cash Flow
In the cash management area, Disc has released Disc Accessory and Disc Access/PC for Windows. Disc Accessory provides a front end for interactive dialogue with a bank. Disc Access PC offers an advanced system utilizing distributed processing technology.
Mr. Spatarella said distributed processing technology reduces costs by enabling banks, as well their customers, to perform more functions off-line, including the preparation of inbound mail, balance reporting files, and money transfers.
With Disc Access PC, batch transmissions require on-line connections of a minute or less between customer equipment and the bank host.
Once customers receive the bank data files, they can download them to other software applications and use them however they want.
Both products can be used in conjunction with Disc Positive Pay, an imaging system that stores and displays check images without requiring paper file transfer or faxing. With Disc Positive Pay, corporate customers can view check images to decide whether or not to authorize payment. Disc Positive Pay is also available in Windows.
In the trade finance area, Disc has introduced a Windows-based version of DiscWorld Net. Mr. Spatarella said that this version of the product is designed to enhance productivity by offering one platform for processing all of bank's global transactions, including letters of credit, collection documents, and import bills.
Because of the number of documents involved in processing transactions, Mr. Spatarella said that trade finance is heavily dependent on word processing applications.
"Windows lends itself perfectly to trade finance," Mr. Spatarella said. "In previous versions of the system, a bank would have to move through 10 to 15 screens to process a letter of credit. We've reduced that to three to five screens in Windows."
Ms. Sullivan is a freelance writer based in New York.