Ideagen Share Discussion Threads

[rivaldo] 21/4/2017 12:31

Another contract win, this time for internal audit:



"European Reliance S.A selects Ideagen Pentana to digitise internal auditing operations
19 April 2017

European Reliance S.A, a comprehensive insurance company active in all modern sectors, is to roll out a new internal auditing system developed by software firm Ideagen.

Ideagen Pentana, Ideagen’s audit automation application, will help Greek-based European Reliance S.A to digitise its entire internal auditing operations and better equip the company to face future challenges and potential growth.

As part of the project, the Pentana system will allow European Reliance S.A’s internal auditing team to electronically plan and complete audits, assess inherent risks, identify any deficiencies in the company's operations and facilitate their remediation efficiently.

Stilianos Malamos (pictured right), Internal Audit Director for European Reliance S.A, said Pentana would provide significant savings, particularly in relation to audit report creation, and assist in the dynamic monitoring of all company risks and controls and the overall governance efforts.

He added: “Ideagen Pentana will not only provide us with strategic business benefits but also day-to-day improvements – particularly in relation to the creation of our audit reports for senior management.

“If we take into consideration that approximately 25% of our time is spent on writing reports, then the capability of Pentana to produce them automatically using our data in the system, means it will be an extremely useful piece of software for us.”

Stilianos added: "This is not the only benefit we expect to see from the software. We will be using Pentana in all phases of our internal audit operations starting from annual internal audit planning to identifying and managing various risks and inherent risks to the business. Strategically, this will give us a viewpoint of what we should expect to see performance-wise in the next year or two.”

European Reliance S.A provides a wide range of insurance coverages for individuals and companies through its creation of “specially designed, innovative andflexible insurance programs".

The company employs over 5,000 staff and insurance agents and has plans to expand further within Greece in the following years to significantly develop their operations.

Stilianos added: "We have already had discussions with other areas of the business around the capabilities of the Pentana system. We have also had detailed discussions with upper management and, everybody is excited by the prospects of using the Pentana system.

“European Reliance is a company with many departments and processes and as a result it is difficult to have a dynamic and holistic viewpoint of the various risk elements. Pentana will centralise all information and enable us to connect and unify operations from various departments efficiently for the benefit of the business.”"

[leavers] 20/4/2017 12:09

I think its significant also....the U.S. in general is a fantastic opportunity for them

[rivaldo] 20/4/2017 11:43

Cheers Cheshire Man.

Interesting that no-one else has commented on the US contract win. It may not be material financially in itself, but once you get a foothold in the US local authority market the potential is surely huge as one local authority recommends the system to its fellow local authorities and so on....at least, that's the way it works in the UK.

[eeza] 20/4/2017 11:26

2 trades of 29.5k delayed for 3 hours, also.

[cheshire man] 20/4/2017 10:18

Well spotted rivaldo,,,,,,good move up this morning :-)

[eeza] 20/4/2017 09:27

10k delayed trade from 0825 @ 86.60p, & 10k @ 87p.

[eeza] 20/4/2017 08:52

MM's not renowned for their generosity so expect to see a large delayed buy trade later.

[davr0s] 20/4/2017 08:43

Ignore the last post - complete rubbish! - it's too early in the day for my head

[davr0s] 20/4/2017 08:42

So,I can buy for 89.625 and sell for 88.66 atm so it's the wrong way around

[davr0s] 20/4/2017 08:36

And no volume lol - someone buying behind the scenes?

[eeza] 20/4/2017 08:34

Sudden jump, on no news.

[rivaldo] 19/4/2017 09:57

New contract win in Chicago from a local authority:



"Village of Niles, the local authority which oversees the running of the village’s government and businesses, is to implement a software application from Ideagen to monitor departmental performance and improvement.

Ideagen Covalent, Ideagen’s cloud-based performance and risk management software, will also enable the Illinois-based authority to assess itself against national benchmarking and neighbouring municipalities.

The software was chosen to replace Village of Niles’ manual system which had been in place to collate data as part of its performance measurement programme, launched in 2013.

Hadley Skeffington-Vos, Assistant Village Manager at Village of Niles, said Covalent will bring with it a host of analytical benefits for the authority.

She said: “We started a performance measurement programme in 2013. It was a directive of the mayor of the village who had worked for an organisation that carried out that type of work.

“Covalent will be implemented to modernise and digitise that programme. Being able to compare each department’s performance against each other via Covalent is going to be a huge factor. To be able to do that automatically and assess costs, percentages etc is excellent. It will help reduce errors and at the same time significantly increase accuracy.”

Village of Niles is a suburb of Chicago with around 30,000 residents. The village is made up of a large business population including a diverse community. The governing body is responsible for operating and maintaining the day-to-day running of the village including family services and regular police, fire and public works.

Hadley added: “Covalent will be our central system for performance and project management. We have a 2030 comprehensive plan and this plan is a set of goals and objectives to accomplish before 2030. It’s part of a larger vision that was set out and we will have data related to that uploaded and managed in Covalent to show progress towards those goals and objectives.”

She continued: “Eventually we’d like to compare ourselves against other municipalities but right now we are just comparing ourselves over time and against any national benchmarking. For example, our fire department has a lot of national standards, the police department has some national standards and so we will compare against those. This lets us see the progress we are making as an organisation over time or to find areas that require extra attention or needs improvement. It will also highlight different ways in which departments can collaborate.

"We are really excited by this project and are looking forward to seeing some real benefit."

[cheshire man] 11/4/2017 16:27

I was thinking there must be a large buyer too rivaldo,,,,,,time will tell :-)

[rivaldo] 11/4/2017 15:47

New highs on pretty low volumes today - either keen interest with no sellers around or larger buys still to be reported.

[droid] 10/4/2017 13:51

Should be cracking year starting next month with the Pleasetech purchase and the new contracts.

[brucie5] 10/4/2017 13:26

Just added. Looks to me like a strike upwards. The rate this one goes, how long before we see £1.

[eeza] 05/4/2017 13:05

Hope I don't put the mockers on it.

:-)

[panic investor] 05/4/2017 12:59

Welcome eeza

[multibagger] 05/4/2017 12:52

Welcome aboard eeza ! Most here would agree that this is an excellent investment decision :)

[eeza] 05/4/2017 12:33

Joined the merry band with an initial 5000 @ 82.30p.

[rivaldo] 05/4/2017 07:38

IDEA are featured by Gartner for the first time in their new Document Management Software report. This is very positive and a sign that IDEA are now coming onto the industry's radar:



"Ideagen make Capterra’s Top 20 list for Document Management software
04 April 2017

Ideagen have been ranked 12th in the ‘Top 20 Most Popular Document Management Software’ report by business software advice service and comparison website, Capterra.

The report, which is presented in an infographic on the Capterra Document Management Software directory , measured and ranked software based on the number of customers, users and the social presence of the organisation.

Capterra are owned by technology research and advice experts, Gartner , and are part of their Digital Markets service which helps organisations to find business software which matches their requirements.

"Ideagen was a new addition to our latest update of the Top 20 Most Popular Document Management Software report. Capterra’s Market Score is a non-revenue based representation of a company’s market share, converted to a 100 point scale," said Rachel Wille, Senior Product Research Analyst at Capterra. "The Market Score takes into account a product’s customer and user base, along with social presence and Capterra reviews. Ideagen was able to rank in the top 20 in part because of their strong user base."

Ideagen’s document management solutions help organisations to eliminate paper-based systems and provide immediate access to the correct information at the point of need. Its software proves foundational for document control in the management of quality, compliance, safety, audit and risk management.

Ideagen’s document management software portfolio, which includes Q-Pulse and the recently re-branded Coruson, boasts over 1,800 customers and around 116,000 individual users. Flagship clients of the software include BT, Virgin Trains, Anthony Nolan and over 75% of the NHS."

[cheshire man] 03/4/2017 14:48

Very good news indeed rivaldo :-)

[rivaldo] 03/4/2017 12:23

News of a product release:



"Ideagen unveils latest version of leading audit automation software, Ideagen Pentana
03 April 2017

Pentana 5.1 will further meet the needs of internal audit operations across the globe

Ideagen, developers of quality, safety, audit, performance and risk management software, is delighted to announce the latest release of its audit automation software product, Ideagen Pentana.

Pentana 5.1 comes with further enhancements to the core internal audit functions, an enhanced Windows and Web user experience and enterprise risk management capability.

It is the latest version of the software, which is used by more than 450 organisations globally including BDO, Heineken and the European Central Bank.

Ben Dorks, Chief Customer Officer at Ideagen, said: “With each release of Pentana we seek to further address the needs of internal audit operations management. This includes tasks aligning to planning and scoping, project management, scheduling and resource allocation, time management, work paper and evidence management and tasking and action management.

“Pentana 5.1 is no exception to this discipline and introduces several core improvements to improve functionality and new home and audit screen dashboards and widgets to modernise the product and enhance user experience at the same time.”

Ideagen Pentana 5.1 introduces integrated time recording and several other core improvements including entity level reviews and the handling of reviews and points.

For users, there are also new home and audit screen dashboards and widgets for easier access to key information while several enhancements have also been made to the browser interface.

Multiple risk impacts can now be recorded, with Pentana 5.1 allowing for Risk Impact to be measured in terms of factor such as “Financial”, “Reputational”, “Safety”."

[petewy] 31/3/2017 12:58

Thanks Riv. Much appreciated