NEW YORK, Nov. 7, 2011 (GLOBE NEWSWIRE) -- GBS Enterprises Incorporated (OTCBB:GBSX), a global software and services company specializing in cloud automation, application modernization, and a comprehensive portfolio of business applications, today announced that through the Company's strategic partnership with IBM, the Law Offices of LaVan & Neidenberg have begun using a customized social business solution created by GBS Enterprises.
GBS Enterprises has created a comprehensive and easy to use social business solution for the law firm that gives them access to instant messaging, email, collaboration tools and a free desktop productivity suite for word processing, spreadsheets and presentation creation. This new solution helps the employees to quickly and easily enter, analyze, approve, track, submit, file and review all data and documents. LaVan and Neidenberg will use the software and analytics capabilities to analyze and file claims for veterans 66% faster, resulting in quicker access to the much needed aid. As part of the evolution into a social business, the law offices chose IBM social software over Microsoft software to more than double its client base, resulting in increased gross revenues by 80%.
Located in Fort Lauderdale, Florida, LaVan & Neidenberg serves 20,000 veteran and Social Security clients, specializing in disability compensation and long-term disability cases. Like many small and midsized businesses, the firm places a greater emphasis on innovative technology to drive profitability and ensure competitiveness in the market while contending with limited resources.
Today, the number of veterans filing disability claims continues to rise, so the firm needed a better way to keep up with mounting paperwork to file claims. Data was previously stored on disparate systems resulting in delays for processing customers, including organizing the information for full qualification and pulling it together to submit to the appropriate set of agencies. This time-consuming manual process hindered the firm's ability to analyze and respond to benefits claims within an acceptable period of time sometimes taking months. Veterans often cannot afford to spend months awaiting the arrival of a check in the mail.
Now, all critical information needed to access and file a claim is available in one place with a simple click of the mouse. Instead of spending hours sifting through paperwork and digging through a client's paper file, the firm's employees can apply analytics and share information instantly and collaborate with each other and external agencies including the Office of Veterans Affairs to gain access to pertinent information such as the status of a claim.
Joerg Ott, Chief Executive Officer of GBS Enterprises, stated, "Through our partnership with IBM we have been able to demonstrate the effectiveness and capability of our social software and analytics, significantly improving operating efficiency and revenue for our client. As IBM continues to migrate Lotus clients to the cloud, GBS Enterprises will be instrumental in that process using our transformer technology, and we look forward to customizing our solutions for IBM's client base. Our solution operates as a centralized platform with information easily accessible offering several key advantages to managing a data focused business. We will continue to work with IBM and their clients to assist them in operating in the most efficient manner possible."
About GBS Enterprises Incorporated
GBS Enterprises Incorporated (OTCBB:GBSX) is the 50.1% parent company of Group Business Software (GBS), a global software and services company specializing in cloud automation. The company serves to: automate business processes; optimize system & application performance; ensure messaging security & compliance; modernize server-based applications to Web 2.0; and simplify application development & delivery.
Strong customer allegiance paired with a diversified portfolio of powerful business solutions place GBS at the forefront of the market in terms of both revenue growth and profitability. GBS has won many awards for its innovations, as well as resources spanning five time zones.
GBS has over 4,000 customers worldwide with over 4 million users of its products and services. Its North American headquarters is in New York City and its European headquarters is in Frankfurt, Germany. There are over 15 offices throughout North America and Europe. For more information, please visit www.gbs.com/" target="_top" rel="nofollow">www.gbs.com. The contents of the website are not incorporated by reference into this press release.
Caution Concerning Forward-Looking Statements
This release contains statements that may constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. These statements regard the intent, belief, and expectations of the Company. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, they involve risks and uncertainties, and their results may differ materially.