BISYS is a leading global provider in the field of business process outsourcing. They are providing outsourcing solutions for the financial services sector. It has formally announced that the Bank of Oklahoma based in the Tulsa has expanded its operations. It has extended its outsourcing relationship. BISYS will continue to provide a quality services for the bank’s proprietary American Permanence Funds with an absolute collection of funds services that includes the administration, accounting, and transfer agency services. The contracts of the Bank of Oklahoma with the BISYS has been renewed even if the existing contracts has not already expired. There are a lot of reasons why the Bank of Oklahoma has signed in the contract earlier. It is because of the BISYS’ services. They give their clients a high quality services in order to satisfy them. The Bank of Oklahoma and the BISYS have established a great relationship. That is the reason why the Bank of Oklahoma has extended a multiple-year contract to the BISYS. The Bank of Oklahoma has authorised its relationship with the BISYS at the inauguration of the American Performance Funds in the year 1990. The funds have increased from a little money market fund into a miscellaneous family of 11 funds which consists of money market, bond and equity alternatives. The American Performance Funds has owned a $2 billion in asset. Dough Scott, the vice president and mutual fund product manager of
Bank of Oklahoma, said that BISYS has provided a quality services and significant services since they have inaugurated the funds since 1990. They have renewed the contract because of BISYS’ excellent and consistent services and they believe that they continue the mutually beneficial relationship that they have formed during that time. According to the president of BISYS’ Investment Services group, Bill Tomko, that said relationship is really a pleasure to have long-term client further authenticate their business, product, and service strategies by renewal of the contract. It only shows that the BISYS has satisfied the needs of their clients. For BISYS, Bank of Oklahoma is a valued clients and it has been an important clients for them. They are proud and thankful that they reach the expectations regarding the product and service delivery.
BISYS is a leading provider in the field of global investment services. It is providing services in almost 120 financial services clients and it has been owned almost $450 billion in assets and more than 1,200 registered and non-registered funds. Most of their domestic and international asset managers and financial services organizations are paying more attention on gathering assets, handling money and improving shareholder results while BISYS performs an important back-office services, customer care, and in developing the business functions. Outsourcing in various industries are really important in such a way that it can lessen the operating expenses of the said industry and it also has the ability to make a certain industry to prosper in the field where it belongs. Outsourcing is the best strategy that a company must possess and have.
Reference
http://www.prnewswire.com/news-releases/bisysr-extends-outsourcing-relationship-with-bank-of-oklahoma-75540677.html
