Fiserv, Inc., a provider of financial services technology solutions, reportedly announced the release of an upgraded version of its rporate action processing solution, eVent. The new version is expected to automate highly customized notifications besides election and instruction processing.

Acrding to mpany sources, eVent offers more visibility and ntrol across the rporate actions lifecycle. EVent mes as a modular package and it provides the ability to rerd elections using appropriate mechanisms in order to centralize processes, rce paper chasing and mismmunication among decision makers, back office operations and others.

 Decision makers in local or regional offices help in automating the election process and it also allows customization of notifications for including business-specific formatting by the clients.

 “The rporate action lifecycle ntinues to remain highly mplex, particularly where elections on offers and options need to be passed between internal departments and external agents in a time critical process,” Geoff Harries, vice president, investment services at Fiserv said, in a statement. “This is often mpounded by manual processing which can lead to potential misinterpretation and translation errors, and if not handled rrectly, these errors can have a significant financial impact.”

 “By customizing and automating the rporate actions workflow in a highly flexible manner specified by the client, Fiserv customers have the freedom to tailor processes to their particular business needs,” Harries said.

 pany sources said that Fiserv’s eVent substantiates the optimized processing services developed by the mpany. The notification support is scalable and flexible and offers support to the mplete rporate actions event lifecycle along with delivery of information via various channels.

 This is imperative in the high volume and demanding business environments seen presently. With growth in business, multiple file format functionality bemes necessary as this allows customers to send instructions and notifications to both internal and external parties using SWIFT, XBRL, faxes, e-mail and print. Optimized ntrol provided by eVent brings down ourrence of no, late and wrong instructions, said Fiserv sources.

 Using eVent, customers can customize rporate actions workflow by automating various actions acrding to requirements. Decision-making process is greatly enhanced through deadline monitoring, tracking and notification triggering.