GXS Announces Webinar on Successfully Incorporating Cloud Computing into Financial Institutions

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CEB TowerGroup Analyst to discuss how to decrease operational risk and improve data visibility.



GXS, a leading provider of B2B integration services, today announced it will sponsor a webinar titled “Compliance in the Cloud: Raising the Bar in Financial Services.” The webinar will be held on Thursday, August 9, 2012 at 11:00 am ET.

As stated in the recent FFIEC document, Outsourced Cloud Computing, “Outsourcing to a cloud service provider can be advantageous to financial institutions because of potential benefits such as cost reduction, flexibility, scalability, improved load balancing, and speed.” But, the document also stresses the need for financial institutions to thoroughly assess the potential risks associated with cloud computing.

CEB TowerGroup Senior Research Director Rodney Nelsestuen will join GXS’s Director of Financial Services Marketing, Patricia Hines, to present how financial institutions can decrease operational risk and improve data visibility using cloud computing. The speakers will address how technology is being used to manage a broader set of financial supply chains, such as cash management, commercial finance and securities to deliver data assurance and real time insight into potential problems.

What:    Compliance in the Cloud: Raising the Bar in Financial Services webinar
Date:        August 9, 2012
Time:    11:00 am -12:00 pm ET
Speakers:    Rodney Nelsestuen, senior research director of financial services at CEB TowerGroup Patricia Hines, director of financial services marketing at GXS

Click here to register for the webinar.

GXS improves corporate-to-bank connectivity to manage a financial institution’s multi-enterprise processes. As an increasing number of commercial banks, payment processors and global custodians seek to enhance the flexibility and agility of their integration capabilities, GXS’s suite of cloud-based services simplify the way financial institutions exchange data related to electronic payments, securities transactions and international trade with their corporate clients. More than 250 financial institutions across the globe utilize GXS’s B2B integration solutions to enhance their service delivery capabilities to tens of thousands of corporate clients.

About GXS:
GXS is a leading B2B integration services provider and operates the world’s largest integration cloud, GXS Trading Grid®. Our software and services help more than 400,000 businesses, including 72 percent of the Fortune 500 and 22 of the top 25 supply chains, extend their partner networks, automate receiving processes, manage electronic payments, and improve supply chain visibility. GXS Managed Services, our unique approach to improving B2B integration operations, combines GXS Trading Grid® with our process orchestration services and global team to manage a company’s multi-enterprise processes. Based in Gaithersburg, Maryland, GXS has direct operations in 20 countries, employing more than 2,400 professionals. To learn more, see http://www.gxs.com, read our blog at http://www.gxsblogs.com and follow us on Twitter at http://twitter.com/gxs. You can also access our public filings with the Securities and Exchange Commission at http://www.sec.gov/edgar.shtml.

This press release may contain “forward-looking statements.” All statements, other than statements of historical facts that address activities, events or developments that the company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements are affected by risks, uncertainties and assumptions, including but not limited to those set forth in the company’s public filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Accordingly, actual results or outcomes may differ materially from those expressed in the forward-looking statements. You should not place undue reliance on these statements and the company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances that may arise.

All products and services mentioned are trademarks of their respective companies.

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Robin Lane
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