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Aug 27, 2008

Steria is taking part in the 2008 edition of Sibos, the international Financial Services event aimed at decision-makers, financial experts, bankers, vendors and service providers. Organised by the SWIFT community, this year the show will concentrate on issues around the consequences of the credit crunch and the evolution of the financial landscape where cash credits have become expensive, cost reductions essential and new technologies crucial. End-to-end IT Services provider in Europe, Steria will be presenting its portfolio of financial solutions on the booth B422.

With over 40 years experience in the financial arena, Steria is well established throughout the international financial community. The company has proven its expertise in BPO, risk and liquidity management as well as payment solutions, combining knowledge of the business, industry experience and ongoing support to its clients. With its long-term experience, Steria is well placed to assist the financial community in adapting to this fast-changing landscape and technological evolutions.

Steria will be presenting the following services and expertise on its booth B422:

• "Business Process Outsourcing"

How can BPO transform business processes to provide a rapid return-on-investment?
Business Process Outsourcing is a global offering that improves business performance by reducing costs due to an ongoing benchmark, increasing efficiency of business processes through a Continuous Improvement Plan (CIP) thus freeing senior management time to invest in strategic development.

Because flexibility generates added value, Steria uses a variety of models for providing cost effectiveness of global sourcing with the comfort and rigour of a local presence. Steria's BPO portfolio reaches into the heart of business support activities: Finance & Accounting, Human Resources, Procurement & Request Management, Cards Management, bringing significant and measurable key benefits. These benefits include clear visibility of workflow, reducing time-to-market, increase of business agility and risk sharing, leading to a rapid return-on-investment.

• "Liquidity Management"

How can businesses improve liquidity and control the operational risks linked?
Efficient allocation of liquidity resources is key in a context of cash credits restraints. Swift's SWIFTNet cash Reporting and Steria's Nostro Cash Manager solutions help business optimize existing and anticipated liquidity, using standardised real-time data. Nostro-Disposition enables the ongoing improvement of workflows and the provision of reliable data, which follows standardised protocols, contributing to the optimisation of workflow and reduction of operational costs.

With real-time availability and automated examination of external transactions, liquidity risk is significantly reduced for business and Steria's Nostro-Cash-Manager provides significant return-on-investment. 

• "Payment solutions"

How can payment solutions be used to simplify processes and secure competitive advantage in European Payments?
The Single Euro Payments Area (SEPA) has created a new context with new payment schemes (SCT, SDD, SDD B2B, SCF), in which players need to meet the requirements of the European Payment Council. The emergence of new banking standards, such as IBAN and BIC alongside new technical standards like UNIFI ISO 20022, should enable banks to increase banking and account reachability and achieve interoperability of information systems. SEPA will also reshape the payment market and accelerate consolidation among the Clearing & Settlement Mechanism (CMS) actors, meaning cost cutting will become even more important in the payment arena. Steria has the necessary technical and practical skills to advise and support banks in focusing on new areas of development for their information system, reducing payment process costs. 

• "Swift for Corporates"

How to optimise Corporates's liquidity management and provide a real-time view of cash and worldwide STP access facilitated through innovative SWIFT solutions.
 The Swift network, mainly dedicated to banks, is progressively becoming relevant to businesses and enables them to link up directly, increasing payment flows and reducing costs and risks. The number of clients using Swift solutions to manage their transactions is expected to increase massively in the coming years, forcing treasurers to rethink the way they operate and adapt to new productivity tools. Steria supports the deployment of SWIFT Services and Solutions and is one of the leading integrators of SWIFT solutions supporting transformation plans.