The Co-operative Financial Services selects Sinequa
02/09/2009

The Co-operative Financial Services selects Sinequa to develop colleague efficiency, facilitate collaboration and improve customer service

Online PR News – 09-February-2009 – – Paris and Manchester - The Co-operative Financial Services (CFS), part of The Co-operative Group, the world’s largest consumer co-operative, has chosen Sinequa’s enterprise search engine, Sinequa CS, in a strategic project to develop colleague efficiency, facilitate collaboration and improve further upon the companies award winning customer service.

CFS includes the The Co-operative Bank, that offers a range of financial products, from current accounts, savings accounts, credit cards, mortgages and loans and The Co-operative Insurance, that offers a variety of insurance products. In addition to this the company also includes The Co-operative Investments and smile – the internet bank.

Sinequa CS securely connects to data sources (including SharePoint and file systems) allowing the different business units (Marketing, Retail Bank, General Insurance and Life & Savings.) within CFS to easily find and share information depending on their user profile and access rights. Users can perform simple keyword searches in natural language and Sinequa CS, with its patented linguistic and semantic technology, will automatically retrieve related documents regardless of format (Office, PDF, HTML) and classify them by categories (subject experts, company names and related themes), allowing users to filter and refine their searches. Sinequa CS will foster collaboration and enhance the working environment of CFS colleagues by improving their ability to work together.

“Sinequa’s solution will enable CFS colleagues to be more efficient. They will be able to find the right person in the right place at the right time, empowering them to save time and wasted effort in making informed business decisions. Thanks to Sinequa, CFS can better understand our customers in order to provide new and improved products and services to meet their growing needs,” said Guy Herrington, Director of Marketing, Co-operative Financial Services. “We chose Sinequa for the relevancy of answers provided, the speed of implementation and the ease of user adoption.”

Jean Ferré, CEO of Sinequa comments “Sinequa is proud to add CFS to our customer portfolio. This strategic project demonstrates that CFS is not only good with money, but good with people – their colleagues and customers. With Sinequa CS, colleagues of CFS will be able to access the wealth of company knowledge and experience at their fingertips, in order to deliver real added value to their customers. In addition to finding critical business information, users will be able to find relevant knowledge experts within the company, instead of working alone in ‘silos’.”

About CFS – www.cfs.co.uk

The Co-operative Financial Services (CFS) is part of The Co-operative Group, which is the world's largest consumer co-operative with over three million members, over £10 billion turnover, and core business interests in financial services, food, travel, pharmacy and funeral care. The Co-operative Group has over 4,500 retail trading outlets.

CFS provides a range of financial products, from current and savings accounts to credit cards, personal loans, corporate lending and payments, insurance products, unit trusts, investment bonds and pensions to some six million customers. It has 109 retail and corporate centres and over 1,000 face-to-face financial advisers throughout the UK. The CFS also has £40 billion of assets under management across its retail and corporate business areas. It employs 8,000 people with a major presence in Manchester, Skelmersdale and Stockport.

Within the last 12 months CFS has been recognised as having the highest rates of customer satisfaction (BBC Watchdog, JD Power and Which?) and as the UK's 'most trusted' financial services institution (The Times).

About SINEQUA - www.sinequa.com

Sinequa is a leader of Enterprise Search. Its expertise and know-how is based on over 200 man-years of R&D, which positions Sinequa as the only Enterprise Search provider to deliver a comprehensive linguistic and semantic based search solution for the enterprise that runs on a secured industrial platform with built-in connectivity.

Its unique Connect to KnowledgeTM approach accelerates the localization of expertise and the transfer of knowledge across large and mid-sized enterprises, increasing their performance and enabling them to be more competitive.

Sinequa CS is differentiated by the relevancy of answers provided to users, ease of deployment, strength and performance of the technical platform, security management out of the box and the ability to connect to a large variety of data sources throughout the enterprise.

Sinequa is currently helping more than 200 large companies and organizations drive tangible business value from their investment in Enterprise Search. Customers include L’Oréal, EADS, Bouygues Construction, MBDA, Arkema, The Group LCF Rothschild, the DGA, the French Ministry of Defense and the French Ministry of Culture.

Sinequa has had an average growth rate of 60% for the past two years and is profitable.