LIVEOFFICE CORP. ANNOUNCES COMPLIANCECHECK™
July 28, 2003
TORRANCE, Calif., July 28, 2003 - LiveOffice Corporation (www.liveoffice.com), the leader in compliance technology for financial services
professionals nationwide, today announced the addition of its proprietary ComplianceCheck' feature to AdvisorMail (www.advisormail.net),
an end-to-end monitoring, archiving and retrieval solution for email and instant messages (IM) designed specifically for financial
services organizations. Operating similar to word processing spell checks, this new feature enables financial representatives to
pre-screen their emails against LiveOffice's proprietary eSupervisor' lexicon of compliance words and phrases prior to sending an
email message.
"ComplianceCheck' will significantly reduce the workload on the compliance departments within financial service organizations," said Ann
Davis, director of business development for LiveOffice Corp. "In fact, preliminary testing of the product indicates that our
ComplianceCheck' feature will reduce the number of emails that require a compliance officer's review by over 75 percent."
AdvisorMail's new ComplianceCheck ' feature:
- Takes the guesswork out of regulated email communications by performing a thorough review of all outbound emails using LiveOffice's proven library of compliance words and phrases and highlighting questionable language in red Reduces the supervisory burden on compliance officers and Offices of Supervisory Jurisdiction (OSJs) by providing a real-time review of email messages as they are composed by the field representative
- Expedites email communications between firm representatives and their clients, while ensuring that any questionable language is stopped at the source
LiveOffice's AdvisorMail enables Compliance Departments to electronically monitor, retain and archive thousands of emails, attachments and instant messages (IM) in a single and secure location. AdvisorMail's robust monitoring capabilities ensure that financial services firms can easily comply with all the regulatory requirements of SEC Rules 17a-3, 17a-4, NASD rule 3010(d) as well as NASD's June 17, 2003 Notice to Members outlining the proper handling of instant message (IM) communications.
ComplianceCheck' will be available to existing and new AdvisorMail customers in early August 2003.
About LiveOffice
LiveOffice is a leading provider of software-as-a-service email archiving and Hosted Exchange 2007 solutions, with more than 9,000 clients and a 97-percent client-retention rate. Founded in 1998 and backed by leading private-equity firm Summit Partners, the company has more than 100 employees with deep experience in messaging, including executives and board members from Symantec, Microsoft, FrontBridge and Postini. For more information, call 800.374.2032 or visit www.liveoffice.com. Visit the LiveOffice Blog at http://blog.liveoffice.com.
LiveOffice and its logo are trademarks of LiveOffice LLC. All other company names and products may be trademarks of their respective companies.
