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Galantis, Inc. Announces GEM/CART™ Release 2.0 Contract Approval Automation

COSTA MESA, Calif., July 3, 2007 – Galantis has announced the availability of GEM/CART™ Release 2.0, its advanced product for the automation of contract review and approval. GEM/CART™ provides an end-to-end solution for automating and shortening the contract approval process. This is accomplished by using a proven solution template, which incorporates industry best practices, and by leveraging the versatile and platform-independent GEM/Frame™ application framework.

“The manual and paper-intensive process of reviewing and approving contracts can be costly, time-consuming and potentially problematic” said Roumen Antonov, Galantis CEO. “If your organization struggles to translate business issues into contract terms, is forced to search for lost or misplaced contracts, is missing deadlines and jeopardizing important business relationships, then GEM/CART™ is the solution.”

GEM/CART™ is a unique contract management solution, which allows organizations to author, review, negotiate, store and manage contracts on-line. The contract and all supporting documents are stored in the image repository for instant on-line viewing by all authorized participants in the contract approval process. Version control insures that the most recent and correct versions of all documents form the basis for contract review and approval. GEM/CART™ provides automatic workflow of the approval process, insuring that timely review and action is taken by the appropriate persons. Workflow and document history is automatically captured and maintained to ensure auditability.

“GEM/CART™ is a valuable business tool, enabling our organization to effectively manage the large number of contracts our rapidly-growing business generates” said Nikolay Krasilov, President of Galaktika Corporation, a GEM/CART™ customer. “Prior to using GEM/CART™ it could take weeks to process contracts for approval. With GEM/CART™ that approval process is greatly streamlined, and contracts and supporting documents are always readily available”.

GEM/Frame™ allows Galantis to rapidly develop content and business process management applications for a variety of industries and verticals, and has been successfully tested with such technologies as FileNet P8, Apache Jackrabbit and JBoss jBPM. GEM/Frame™ serves as the foundation for the popular GEM/CART™ offering.

About Galantis

Galantis (http://www.galantis.com) is a global software development services company based in Costa Mesa, California that specializes in the creation of custom Enterprise Content Management and Business Process Management solutions for some of the World’s leading organizations, including customers in North America, Australia and the Far East, and Europe.

Galantis has developed a number of solutions for customers in the financial industry. These include:

  • Accounts Payable
  • Credit Card Dispute Processing
  • Brokerage Customer Processing
  • Loan Origination
  • Insurance Claims Processing and Underwriting

About Galaktika

The Galaktika Corporation, based in Moscow, Russia, is one of the largest developers in Eastern Europe of end-to-end production, business and financial management automation solutions for companies and corporations. The company has been providing business solutions to the domestic economic software market for over 18 years. Over that period, they progressed from custom software (classic Automated Control Systems) to developing bulk branch-wide solutions completely adapted for branch-specific features. Today Galaktika's clients number more than 5800 industrial enterprises in Eastern Europe.

The Galaktika Corporation unites firms located in Moscow, Minsk, Kiev, Almaty, Ekaterinburg, Saint-Petersburg and Samara. Their regional partner network includes more than 200 companies.