OnX Enterprise Solutions Inc. and WCG Limited Extend Agreement to Provide Financial Infrastructure Managment Solutions for the Canadian Marketplace
27 February 2006
OnX Enterprise Solutions Inc. (TSX:ON), «OnX», a leading provider of IT Infrastructure, managed services and web-based application outsourcing today announced the extension of its Reseller agreement with WCG Limited for the marketing, sales and support of WCG's Financial Infrastructure Management (FIM) Solutions for the Canadian marketplace with a focus on the Financial, Manufacturing and Telecommunications sectors.
OnX's Technology Cost Management (TCM) practice is underpinned by WCG's powerful software which addresses the challenges of Asset Management, IT Governance, Investment Justification and Cost Management in one comprehensive solution. WCG's FIM Business Applications do for Cost Accounting what ERP systems have done for Financial Accounting. For the first time, CFOs and CIO's alike have the ability to rapidly implement complete solutions around cost management in IT infrastructures while creating a process for adherence to strict new compliance standards.
«Our experience has shown that a proper cost management and compliance solution for IT integrates asset management, activity-based costing, budgeting and charge back,» said Duane Winslow, Founder and CEO for WCG Limited. «OnX recognized the urgent need for FIM solutions as organizations scramble to meet new governance standards, and they continue to be well positioned to help customers utilize WCG's FIM Business Applications for significant cost reduction, improved governance, and higher efficiency levels.»
«WCG's FIM Business Application Software addresses a pressing market requirement that has been exacerbated by recent Sarbanes-Oxley legislation in the US and other increasingly onerous compliance requirements in Canada and elsewhere,» said Lasse Silegren, Senior Vice President for OnX Enterprise Solutions Inc. «OnX is able to offer customers a solution that enables drastic cost reductions for organizations and simplifies the complexity of spreadsheet-based financial control and management of IT.»
With the extension of this agreement, WCG will supply OnX with its powerful FIM Professional Application software suite for use in Sales, Pre-sales and Project Consulting.
WCG's FIM solutions can withstand the scrutiny of any financial audit, which makes it an ideal application for Auditors and Certified Public Accountants. It places equal emphasis on fiscal and physical lifecycle asset management, with a unique data model that fully integrates the financial as well as the architectural information about each asset, individual, facility, logistic, or license. The result is a fully automated audit trail for all financial operations within the business. The TCO e-Valuator suite also generates key financial metrics such as NPV, IRR, and ROI to enable investment justification modeling for Enterprises and IT Professionals.
About OnX Enterprise Solutions Inc.
OnX Enterprise Solutions is a leading IT services organization focused on delivering superior customer value by way of our proven consulting, integration and outsourcing solutions. For over two decades, OnX has been helping organizations grow revenues, reduce costs and, overall, manage the complexity and risks associated with information technology. Headquartered in Thornhill, Ontario the Company has office in Ottawa, Windsor and Toronto. OnX Enterprise Solutions is publicly traded on the Toronto Stock Exchange.
About WCG Limited
WCG Limited is an international consulting and software firm specializing in Financial Infrastructure Management- the integration of key management disciplines required to manage the financial and technical complexity of operational IT infrastructures. Based on over 30 years of experience helping companies align business and IT goals, by providing Automated Financial Analysis software, Governance Compliance & Audit Software, Cost Management and Asset Management Solutions for Enterprises or all types and sizes. WCG's Financial Infrastructure Management Solution is the only software suite on the market that combines a robust asset management system with financial and architectural modeling to deliver truly powerful IT and Non-IT investment decision support. WCG has offices in Ireland, the Netherlands, Sweden and the United States. For more information about WCG Limited, please visit www.wcglimited.com.
Source: emediawire
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