Press Release Archives — Sun, 14 May 2023 10:31:27 +0000 en-CA hourly 1 NexJ Systems Announces Completion of Plan of Arrangement https://www.nexj.com/blog/press-room/nexj-systems-announces-completion-of-plan-of-arrangement/ Tue, 15 Nov 2022 18:23:51 +0000 https://www.nexj.com/?post_type=press&p=8289 TORONTO, Nov. 10, 2022 /CNW/ – NexJ Systems Inc. (“NexJ” or the “Company”) (TSX: NXJ), delivering intelligent customer management software to the financial services industry, announced today the successful completion of the previously announced acquisition of 100% of the issued and outstanding common shares of NexJ by N. Harris Computer Corporation (“NHC” or “Harris”). Delisting of the NexJ shares from… Continue Reading NexJ Systems Announces Completion of Plan of Arrangement

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TORONTONov. 10, 2022 /CNW/ – NexJ Systems Inc. (“NexJ” or the “Company”) (TSX: NXJ), delivering intelligent customer management software to the financial services industry, announced today the successful completion of the previously announced acquisition of 100% of the issued and outstanding common shares of NexJ by N. Harris Computer Corporation (“NHC” or “Harris”).

Delisting of the NexJ shares from the Toronto Stock Exchange is expected to occur shortly, and NexJ will apply to all applicable Canadian securities regulatory authorities to cease to be a reporting issuer.

INFOR Financial Inc provided a fairness opinion to the independent committee of the board of directors of NexJ. Blake, Cassels & Graydon LLP acted as counsel to NexJ. Cassels Brock & Blackwell LLP acted as counsel to Harris.

NexJ is focused on improving the advisor and relationship manager experience and optimizing our clients’ engagement with their customers. We are innovators who build and implement software that aggregates data from front, middle, and back-office and presents it in an intuitive, user-friendly, configurable user experience, enabling the advisor/relationship manager to deliver real-time information to manage their client engagement more efficiently.

About NexJ Systems Inc.
NexJ Systems provides Intelligent Customer Management products for the financial services industry. Our award-winning products are designed to help Wealth Management, Private Banking, Corporate and Commercial Banking, and Insurance firms revolutionize their business. Powered by artificial intelligence, our products help drive productivity, boost client engagement, and increase revenue. With users in over 60 countries, its customers benefit from its deep expertise across financial services verticals, strategic investment in innovation, and commitment to their success.

Based in Toronto, NexJ has clients throughout North AmericaAsia Pacific and in Europe. For more information about NexJ visit www.nexj.com, e-mail info@nexj.com, or call 416-222-5611. Join us on LinkedIn, follow us on Twitter, subscribe to our YouTube channel, or like us on Facebook.

About N. Harris Computer Corporation
Harris acquires vertical market software businesses, manages them using industry best practices, and builds them for the future. Through acquisitions, Harris has grown extensively from its roots in the utilities, local government, education, and healthcare sectors to operate over 180 businesses globally across more than twenty industries. Harris is an operating group of Constellation Software Inc. (TSX: CSU), one of North America’s most active acquirers of software businesses.

NexJ Forward-looking Statement
Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on NexJ’s current expectations, estimates, forecasts and projections about the operating environment, economies, and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. NexJ’s assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently, its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see NexJ’s securities filings with the OSC and other securities regulators. NexJ securities filings are available on www.sedar.com.  Unless otherwise required by applicable securities laws, NexJ disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For further information: Matthew Bogart, Head of Sales and Marketing, NexJ Systems Inc., Tel. +1 416-227-3708, Email: Matthew.bogart@nexj.com

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NexJ Systems to be Acquired by Harris https://www.nexj.com/blog/press-room/nexj-systems-to-be-acquired-by-harris/ Wed, 31 Aug 2022 17:20:21 +0000 https://www.nexj.com/?post_type=press&p=8252 Toronto (August 29, 2022) — NexJ Systems Inc. (“NexJ” or the “Company”) (TSX: NXJ), delivering intelligent customer management software to the financial services industry, announced today that it has entered into an arrangement agreement (the “Arrangement Agreement”) with N. Harris Computer Corporation (“NHC” or “Harris”), a wholly-owned subsidiary of Constellation Software Inc. (TSX:CSU) (“Constellation”), pursuant… Continue Reading NexJ Systems to be Acquired by Harris

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Toronto (August 29, 2022) — NexJ Systems Inc. (“NexJ” or the “Company”) (TSX: NXJ), delivering intelligent customer management software to the financial services industry, announced today that it has entered into an arrangement agreement (the “Arrangement Agreement”) with N. Harris Computer Corporation (“NHC” or “Harris”), a wholly-owned subsidiary of Constellation Software Inc. (TSX:CSU) (“Constellation”), pursuant to which Harris will acquire all of the outstanding common shares of NexJ by way of a statutory plan of arrangement under section 192 of the Canada Business Corporations Act (the “Transaction”).

Constellation is a large public company focused on, through its operating groups including the Harris operating group, investing in, and managing, software companies with mission-critical products and a strong industry presence and has been operating in a variety of vertical markets for over 25 years.

NexJ is joining a financially stable and growing portfolio of companies that will support our future growth objectives. The Constellation business philosophy of long-term value realization and commitment to the companies they acquire will protect our customer’s existing and future investments in NexJ technology.

With strong financial backing, NexJ will continue to focus on building world-class CRM and Integrated Advisor Desktop (IAD) solutions for Wealth Management and Private Banking (B2C) and Corporate and Commercial Banking (B2B).

“Constellation’s buy and hold investment strategy and commitment to providing customers software for life makes Harris a perfect permanent owner of NexJ,” said Paul O’Donnell, NexJ CEO. “NexJ prides itself in its ‘customer-first’ mentality. Once NexJ is acquired by Harris, our customers who rely on our technology to support the day-to-day operations of their business will continue to receive exceptional dedicated support and services for all NexJ products.”

Under the terms of the Arrangement Agreement, each NexJ shareholder will receive cash consideration of C$0.55, on a fully diluted basis, for each NexJ share held (the “Consideration”).  The Consideration represents an approximate 45% premium to the closing price of the NexJ shares on the Toronto Stock Exchange (the “TSX”) on August 26, 2022, and an approximate 35% premium to the volume weighted average price of the NexJ shares over the last 20 trading days.

“The acquisition by Harris, a wholly owned subsidiary of Constellation (TSX:CSU) will provide the financial strength and operational support required as NexJ continues its transition to a subscription-based license model and seeks to grow its global competitiveness and provides a secure future for our customers and employees,” said Scott Beattie, Chair of NexJ’s Board.

Special Committee and Board of Directors Recommendations

NexJ’s Board of Directors (the “Board”) established a special committee of independent directors (the “Special Committee”) comprised of E. Scott Beattie (Chair), William F. Morris and David Yach, to consider the Transaction. INFOR Financial Inc. has provided a fairness opinion to the Special Committee (the “Fairness Opinion”) stating that in its opinion as of the date thereof, and based upon and subject to the assumptions, limitations and qualifications set forth therein, the Consideration to be received by the NexJ Shareholders pursuant to the Transaction is fair, from a financial point of view, to the NexJ Shareholders.

The Board, after receiving financial and legal advice, and following receipt of the Fairness Opinion and the unanimous recommendation of the Special Committee, has unanimously determined that the Transaction is in the best interests of NexJ and is unanimously recommending that NexJ Shareholders vote in favour of the Transaction.

The Transaction was approved by the Board based on consideration of the recommendation of the Special Committee, Bill Tatham abstaining as a result of his role as Executive Chairman of NexJ Health Holdings Inc., which as part of the Transaction will release the Company from certain non-competition and customer non-solicitation covenants in exchange for the release of NexJ Health Holdings Inc. from certain non-competition and customer non-solicitation covenants, surrender of certain of its shares and release of certain accounts payable owing to the Company.

In recommending the Transaction, the Special Committee and the Board considered and evaluated a number of factors, including those listed below:

  • Review of Strategic Alternatives Process. Prior to recommending the transaction, the Special Committee considered the extensive nature of NexJ’s strategic alternatives process (the “Strategic Alternatives Process”) to identify a strategic partner or purchaser for the Company which, over the period of the process, did not secure a transaction on terms considered to provide greater value with an appropriate degree of risk than the terms proposed by NHC, and in particular, (i) the public disclosure of the Company’s intent to undertake the Strategic Alternatives Process in September 2019, and the period of time over which interested parties could assess their interest in considering a potential transaction with the Company; (ii) the volatility in the capital markets which negatively impacted the process throughout 2020 and subsequently in early 2022, (iii) the extent of the efforts made by the Company and its financial advisors to identify and engage with parties having interest in a potential transaction with the Company, and, (iv) the assessment of potential transactions and their associated financial risk resulting from discussions and negotiations with parties, other than NHC, that did express interest but did not result in a transaction.
  • No Brokerage Fees or Commissions. The Transaction will allow each NexJ Shareholder to dispose of their common shares without incurring brokerage fees or commissions.
  • Company Performance and Financial Condition. The Special Committee recognized that the market dynamics and commercial challenges facing the company could not be ameliorated without additional capital to improve its competitiveness. The Special Committee considered the low likelihood of obtaining any additional equity financing for the Company, and the uncertainty and cost that would be associated with obtaining debt financing. The Special Committee has therefore concluded that without additional capital, the risk to shareholders would likely increase in the future.
  • Fairness Opinion. The Special Committee considered and relied on the Fairness Opinion and its conclusion that, as of the date thereof, and subject to the assumptions, limitations and qualifications contained therein, the consideration to be received by the NexJ Shareholders pursuant to the Transaction is fair from a financial point of view to the NexJ Shareholders.
  • Shareholder and Court Approval. The Transaction must be approved by the affirmative vote of at least 66⅔% of the votes cast by NexJ Shareholders at a special meeting to be held to consider and approve the Transaction, as well as by the Ontario court.
  • Arm’s Length Negotiations. The Transaction and the Arrangement Agreement are the result of a comprehensive negotiation process that was undertaken at arm’s length with the oversight and participation of the Special Committee and the Board and the participation of legal counsel, which resulted in an agreement with terms and conditions that are reasonable in the judgment of the Special Committee and the Board.
  • Ability to Respond to Superior Proposals. The terms and conditions of the Arrangement Agreement do not prevent a third party from making an unsolicited Acquisition Proposal (as defined in the Arrangement Agreement) and, subject to compliance with the terms of the Arrangement Agreement, the Board is not precluded from considering and responding to an unsolicited Acquisition Proposal that constitutes, or could reasonably be expected to constitute, a Superior Proposal at any time prior to obtaining the approval by NexJ Shareholders of the Transaction.
  • Interim Period Restrictions. The restrictions on the Company’s business until the Transaction is completed or the Arrangement Agreement is terminated are reasonable and are not expected to impair or materially affect the Company’s business during such period.
  • Deal Certainty. The Special Committee considered the likelihood that the Transaction would be completed in light of the customary nature of the conditions to closing under the Arrangement Agreement, and the fact that the Transaction is not subject to a financing condition.

In addition, directors, executive officers and other shareholders of NexJ, who as of the date hereof collectively hold approximately 43.8% of the NexJ Shares, have entered into voting support agreements to support the Transaction and vote their NexJ Shares in favour of the Transaction.

Transaction Details

The Transaction will be implemented by way of a statutory plan of arrangement under the Canada Business Corporations Act and will require the approval of 66 2/3% of the votes cast by NexJ Shareholders at a special meeting of NexJ Shareholders to be called to approve the Transaction (the “Special Meeting”). Pursuant to the “minority approval” requirements of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, the Transaction must also be approved by a simple majority of the votes validly cast by the NexJ Shareholders present in person or by proxy at the Meeting, excluding the votes of Paul O’Donnell, President and CEO of NexJ, and Richard J. Broley, Chief Operating Officer of NexJ, each of whom is deemed to receive a “collateral benefit” pursuant to the Transaction as a result of the trigger of the change of control payments stipulated in their respective employment agreements.

The completion of the Transaction will also be subject to obtaining required court and other approvals and satisfaction of closing conditions customary for a transaction of this nature.  The Arrangement Agreement includes customary deal-protection provisions.  NexJ is subject to non-solicitation provisions and in certain circumstances, the Board may terminate the Arrangement Agreement in favour of an unsolicited superior proposal, subject to the payment of a termination fee of C$800,000 and subject to a right of NHC to match such superior proposal.  Such a termination fee is also payable by NexJ if the Arrangement Agreement is terminated in certain other specified circumstances, including if the Board changes its recommendation or NexJ wilfully or intentionally breaches its non-solicitation covenant.

It is anticipated that the Special Meeting will be held in October 2022. Following closing of the Transaction, the NexJ Shares would be delisted from the TSX. The Transaction is expected to close in the fourth quarter of 2022.

Advisors and Counsel

INFOR Financial Inc. provided the Fairness Opinion in connection with the Transaction. Blake, Cassels & Graydon LLP is acting as counsel to NexJ and Cassels Brock & Blackwell LLP is acting as counsel to NHC.

Additional Information about the Proposed Transaction

A copy of the written Fairness Opinion, and a description of the various factors considered by the Board in its determination to approve the Transaction, as well as other relevant background information, will be included in the management information circular to be sent to NexJ’s shareholders in advance of the Special Meeting. The management information circular, the Arrangement Agreement, including the plan of arrangement, and certain related documents will be filed with the Canadian securities regulators and will be available on SEDAR at www.sedar.com.

About N. Harris Computer Corporation

Harris acquires vertical market software businesses, manages them using industry best practices, and builds them for the future. Through acquisitions, Harris has grown extensively from its roots in the utilities, local government, education, and healthcare sectors to operate over 180 businesses globally across more than twenty industries. Harris is an operating group of Constellation Software Inc. (TSX: CSU), one of North America’s most active acquirers of software businesses.

About NexJ Systems Inc.

NexJ Systems provides Intelligent Customer Management to the financial services industry. Our award-winning CRM is designed to help Wealth Management, Private Banking, Corporate and Commercial Banking, and Insurance firms revolutionize their business. Powered by artificial intelligence, our products help drive productivity, boost client engagement, and increase revenue. With users in over 60 countries, our customers benefit from our deep expertise across financial services verticals, strategic investment in innovation, and commitment to their success.

Based in Toronto, NexJ has clients throughout North America, Asia Pacific and in Europe. For more information about NexJ visit www.nexj.com, e-mail info@nexj.com, or call 416­222-5611.

Notice on Forward-looking Statements

This press release includes forward-looking statements regarding NexJ. In some cases, the forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “seek”, “believe”, “potential”, “continue”, “is/are likely to”, “could”, “should”, “target”, “envision”, and other similar language. Forward looking statements in this press release include those related to the Transaction, the anticipated date of the Special Meeting,  timing for closing of the Transaction, the expected de-listing of the NexJ common shares on the TSX following completion of the Transaction, protection of customer investments in NexJ products and continuing focus by NexJ on its solutions and support and services for its customers; the delivery of financial strength and operating support by Constellation to NexJ and the continued ownership of NexJ by Constellation. These statements are based on the Company’s current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the Company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. The Company’s assumptions, although considered reasonable by the Company at the date of this press release, may provide to be inaccurate and consequently the Company’s actual results could differ materially from the expectations set out herein.

Actual results or events could differ materially from those contemplated in forward-looking statements as a result of the following: (i) the ability to secure the required shareholder or court approvals; (ii) the occurrence of a “Material Adverse Effect” (as defined in the Arrangement Agreement) or the failure to satisfy any other closing condition in favour of NHC provided for in the Arrangement Agreement, which condition is not waived by NHC; (iii) general business, economic, competitive, political and social uncertainties; and (iv) the future performance, financial and otherwise, of NexJ. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances.

The risks and uncertainties that may affect forward-looking statements include, but are not limited to: (i) risks relating to the receipt of all requisite approvals for the Transaction; (ii) fluctuation in our quarterly operating results; (iii) our dependence on key personnel and our compensation structure; (iv) risks associated with managing large and complex software implementation projects; (v) uncertainties and assumptions in our sales forecasts, including the extent to which sales proposals are converted into sales; (vi) risks associated with our ability to design, develop, test, market, license and support our software products on a timely basis; (vii) market acceptance of our products and services; (viii) commercial success of products resulting from our investment in research and development; (ix) our success in expanding sales into new international markets; (x) competition in our industry; (xi) failure to protect our intellectual property or infringement of intellectual property rights of third parties; (xi) reliance upon a limited number of third-party software products to develop our products; (xiii) defects or disruptions in our products and services; (xiv) currency exchange rate fluctuations; (xv) lengthy sales cycles for our software; (xvi) general economic conditions; (xvii) failure to manage our growth successfully; (xviii) breach of our security measures and unauthorized access to data; and (xix) litigation, including litigation relating to the proposed Transaction, and commercial, product liability, employment, class action and other litigation and claims.

For additional information with respect to risks and other factors which could occur, see the Company’s most recently filed Annual Information Form for the year ended December 31, 2021 dated March 8, 2022 and NexJ’s June 30, 2022 MD&A, and other securities filings with the Canadian securities regulators available on www.sedar.com. Unless otherwise required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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Celent recognizing NexJ’s CRM Technology for Wealth Management – Advanced Technology Category https://www.nexj.com/blog/press-room/celent-awarded-nexj-an-xcelent-award-in-the-advanced-technology-category-recognizing-nexjs-crm-technology-for-wealth-management/ Tue, 17 Aug 2021 15:01:31 +0000 https://www.nexj.com/?post_type=press&p=8107 NexJ Systems (TSX: NXJ), a provider of intelligent customer management software to the financial services industry, announced today that Celent, a global research and advisory firm for the financial services industry, has recognized NexJ for having the best CRM technology for wealth management in its recently published report CRM Platforms: North America Wealth Management Edition. Continue Reading Celent recognizing NexJ’s CRM Technology for Wealth Management – Advanced Technology Category

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NexJs wealth management focus helps advisors better engage with their clients and helps firms increase assets under management

Toronto, ON (August 17, 2021)NexJ Systems Inc. (TSX: NXJ), a provider of intelligent customer management software to the financial services industry, announced today that Celent, a global research and advisory firm for the financial services industry, has recognized NexJ for having the best CRM technology for wealth management in its recently published report CRM Platforms: North America Wealth Management Edition. Click here to download a free copy.

NexJ is Unique, Flexible and Accessible

“NexJ is regarded as a vanguard solution in our North American CRM analysis, in large part due to their AI capabilities supporting Next Best Action and content marketing,” said Awaad Aamir, Wealth Management analyst for Celent. “What sets NexJ apart is how its list of partnerships with system integrators and fintech players has made it a viable CRM tool for large Wirehouses and smaller RIAs”

NexJ Wins Award for CRM Technology

NexJ was named the winner of the XCelent award for CRM technology because of our focus on delivering enhanced client engagement capabilities. Celent believes that “a CRM platform that facilitated strong advisor-client engagement was a cornerstone for strengthening the relationship during and hopefully after the pandemic.” NexJ’s Nudge-AI suite of products does exactly that as Engage presents advisors with a dashboard of recommended activities or the Next Best Actions while Inform automates the collection of content that is hyper-personalized to a clients profile and interests, a capability that is a “key differentiator for CRM providers”.

“This recognition is extremely gratifying,” said Paul DeVriendt, Head of Products of NexJ Systems, “From our very first day we set our sights on delivering best-in-class CRM for wealth management with a strong focus on enhancing client engagement. The industry is receptive to our vision, world-class technology, and breadth of functionality and our continuous innovation fosters our long-standing relationships with the world’s leading wealth management firms.”

NexJ Focuses on Addressing the Needs of Advisors

As a niche provider of CRM for wealth management, NexJ is keenly focused on addressing the needs of advisors including capabilities that enable them to form deep connections to clients. This commitment was apparent to the authors, who noted our focus on:

  • Driving better, smarter, and more personalized engagement
  • Deep vertical-specific capabilities to drive efficiency and enhance the client experience
  • Creating an improved comprehensive view of the client for greater insights and analytics
  • Enriching functional capability with strategic product partnerships

“We are continually augmenting our enhanced client engagement software with advanced analytics capabilities while maintaining our focus on introducing functionality that assists wealth advisors build better relationships, maximize productivity, and capture a greater share of wallet,” continued Mr. DeVriendt.

Click here to read Celent’s report, XCELENT Awards 2021, CRM Platforms: North America Wealth Management Editions.  For more information about NexJ’s solutions, please visit www.nexj.com or email info@nexj.com.

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NexJ Systems Expands Relationship with Leading US Brokerage Firm https://www.nexj.com/blog/press-room/nexj-systems-expands-relationship-with-leading-us-brokerage-firm/ Wed, 07 Jul 2021 18:07:41 +0000 https://www.nexj.com/?post_type=press&p=8100 NexJ Systems Expands Relationship with Leading US Brokerage Firm Toronto, ON (July 7, 2021) — NexJ Systems Inc. (TSX: NXJ), delivering intelligent customer management software to the financial services industry, today announced a new subscription license agreement with a leading US Brokerage firm resulting from a new product designed and developed specifically for the wealth… Continue Reading NexJ Systems Expands Relationship with Leading US Brokerage Firm

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NexJ Systems Expands Relationship with Leading US Brokerage Firm

Toronto, ON (July 7, 2021)NexJ Systems Inc. (TSX: NXJ), delivering intelligent customer management software to the financial services industry, today announced a new subscription license agreement with a leading US Brokerage firm resulting from a new product designed and developed specifically for the wealth management market.

Delivering improvements in user experience and performance, this new enabling technology offers further key benefits derived from an enhanced ability to introduce business functionality with greater agility and streamline the process of integrating products across the wealth management eco-system.  In addition, the new platform technology futureproofs NexJ Systems’ prospects and clients by seamlessly supporting multiple deployment options including public, private and hybrid clouds.

“The roster of wealth managers NexJ is proud to serve represents a number of high-profile brand names. We achieved this by offering state of the art technology that delivers real business value. We feel privileged to work with our clients to continually introduce new products to further their goals and business needs,” said Rick Broley, Chief Operating Officer.

The business transformation that was started in mid-2019 has led to the introduction of several new products including the Nudge-AI suite of products; Inform, Engage and Insights, as well as complementary modular products to enhance the deeper vertical cloud CRM solutions that that can now be deployed more cost-effectively. Introducing these new subscription-based offerings to market will deliver predictable software license revenue now and into the future.

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NexJ Systems Expands Market Reach Through Partner Ecosystem https://www.nexj.com/blog/press-room/nexj-systems-expands-market-reach-through-partner-ecosystem/ Tue, 29 Jun 2021 13:14:45 +0000 https://www.nexj.com/?post_type=press&p=8099 Accelerating subscription growth, firms of all sizes now benefiting from NexJ’s market leading solutions. Continue Reading NexJ Systems Expands Market Reach Through Partner Ecosystem

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Accelerating subscription growth, firms of all sizes now benefiting from NexJs market leading solutions

Toronto, ON (June 29, 2021)NexJ Systems Inc. (TSX: NXJ), delivering intelligent customer management solutions to the financial services industry, today announces new client acquisitions resulting from our cloud initiative and eco-system expansion.

In April of 2021 we expanded the availability of our significantly enhanced, cloud-based relationship management solution through a partnership with Bill Good Marketing. Specifically focusing on the rapidly growing RIA market, NexJ is fulfilling its goal to drive increased customer acquisition and bring its considerable experience to bear across the broader market.

NexJ Systems has a long history of innovation in delivering intelligent customer management software serving world class financial services firms such as Credit Suisse, RBC, UBS and Wells Fargo. As we have evolved our solutions over the years, we have continually demonstrated thought leadership and introduced new complementary technologies though ecosystem partnerships. NexJ Systems’ vision is validated by major eco-system vendors as evidenced by the recent acquisitions of NexJ partners Grapevine6 (by Seismic) and AdvisorStream (by Broadridge).

We believe that BGM is another example of our ability to identify trends and introduce products to market that address a wealth manager’s very specific needs. With industry recognized, out of the box, practice management capability, BGM is driving accelerated client acquisition.  More than 30 new RIA clients have been onboarded to the NexJ cloud in the last 90 days and now manage their book of business with the support of NexJ Systems and our partners.

“While we are pleased with the initial results of our efforts, we recognize that we have a massive opportunity and a lot of hard work ahead of us. We particularly want to thank our partners efforts for their contribution to this early success and their commitment to our continued joint efforts. New subscription agreements will begin to be recognized this quarter.” said Matthew Bogart, VP Marketing at NexJ Systems.

About NexJ Systems Inc.

NexJ Systems develops Intelligent Customer Management products for the financial services industry. Its award-winning products are designed to help Wealth Management, Private Banking, Corporate and Commercial Banking, and Insurance firms revolutionize their business. Powered by artificial intelligence, its products help drive productivity, boost client engagement, and increase revenue. With users in over 60 countries, its customers benefit from its deep expertise across financial services verticals, strategic investment in innovation, and commitment to their success.

Based in Toronto, NexJ has clients throughout North America, Asia Pacific and in Europe. For more information about NexJ visit www.nexj.com, e-mail info@nexj.com, or call 416-222-5611. Join us on LinkedIn, follow us on Twitter, subscribe to our YouTube channel, or like us on Facebook.

NexJ Forward-looking Statement

Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on NexJ’s current expectations, estimates, forecasts and projections about the operating environment, economies, and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. NexJ’s assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently, its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see NexJ’s securities filings with the OSC and other securities regulators. NexJ securities filings are available on www.sedar.com.  Unless otherwise required by applicable securities laws, NexJ disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For more information:

Matthew Bogart
Vice President, Marketing
NexJ Systems Inc.
Tel. +1 416-227-3708
Email: Matthew.bogart@nexj.com

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NexJ CRM Products are Now Available on IBM Cloud for Financial Services https://www.nexj.com/blog/press-room/nexj-crm-products-are-now-available-on-ibm-cloud-for-financial-services/ Tue, 22 Jun 2021 16:04:16 +0000 https://www.nexj.com/?post_type=press&p=8096 NexJ Systems (TSX: NXJ), delivering intelligent customer management software to the financial services industry, today announced that its flagship, vertical-specific customer engagement products are now available on the IBM Cloud for Financial Services Continue Reading NexJ CRM Products are Now Available on IBM Cloud for Financial Services

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Award-winning CRM Products to offer greater value to customers by leveraging IBM’s industry-specific cloud infrastructure

Toronto, ON (June 21, 2021)NexJ Systems Inc. (TSX: NXJ), delivering intelligent customer management software to the financial services industry, today announced that its flagship, vertical-specific customer engagement products are now available on the IBM Cloud for Financial Services, the industry’s first financial services-ready cloud with support for VMware, Red Hat OpenShift, and other cloud-native services. NexJ’s CRM and Nudge-AI product suites for wealth management, private banking, commercial banking, and corporate banking provide financial services institutions a more secure way to increase efficiency, accelerate transaction speeds, and enhance revenue growth.

NexJ’s customer engagement products, combined with the critical underpinnings of the IBM Cloud for Financial Services, deliver powerful business functionality in a secure cloud environment. The IBM Cloud for Financial Services addresses key requirements related to regulatory compliance, security, resiliency, and enables financial institutions to securely migrate sensitive operations to the cloud and transact with technology vendors like NexJ.

“NexJ’s go-to-market strategy aligns with IBM’s vision to build a growing ecosystem that supports the diverse needs of the financial services market,” said Matthew Bogart, Vice President of Marketing, NexJ Systems Inc. “After collaborating with IBM to enable a private cloud solution years ago, expanding our offering to the IBM Cloud for Financial Services is a natural forward progression that delivers further value to our customers.”

“Our growing ecosystem of partners that collaborate on the IBM Cloud for Financial Services enables customers to unlock the benefits of an industry-specific cloud for highly-related industries,” said Brendan Kinkade, Vice President, Technology and Hybrid Cloud Partnerships, IBM. “We’re de-risking the supply chain to help financial institutions leverage hybrid cloud strategies and host mission-critical workloads with confidence while adhering to stringent security and compliance regulations.”

NexJ is part of IBM’s partner ecosystem collaborating on the IBM Cloud for Financial Services to help partners accelerate transactions with financial services institutions. The IBM Cloud for Financial Services is designed to help address financial services institutions requirements for their regulatory compliance, security and resiliency. IBM’s partner ecosystem is fueling its hybrid cloud platform by accelerating cloud adoption to drive client digital transformation.

 

About NexJ Systems Inc.

NexJ Systems develops Intelligent Customer Management products for the financial services industry. Its award-winning products are designed to help Wealth Management, Private Banking, Corporate and Commercial Banking, and Insurance firms revolutionize their business. Powered by artificial intelligence, its products help drive productivity, boost client engagement, and increase revenue. With users in over 60 countries, its customers benefit from its deep expertise across financial services verticals, strategic investment in innovation, and commitment to their success.

Based in Toronto, NexJ has clients throughout North America, Asia Pacific and in Europe. For more information about NexJ visit www.nexj.com, e-mail info@nexj.com, or call 416-222-5611. Join us on LinkedIn, follow us on Twitter, subscribe to our YouTube channel, or like us on Facebook.

 

NexJ Forward-looking Statement

Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on NexJ’s current expectations, estimates, forecasts and projections about the operating environment, economies, and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. NexJ’s assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently, its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see NexJ’s securities filings with the OSC and other securities regulators. NexJ securities filings are available on www.sedar.com.  Unless otherwise required by applicable securities laws, NexJ disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

 

For more information:

Matthew Bogart
Vice President, Marketing
NexJ Systems Inc.
Tel. +1 416-227-3708
Email: Matthew.bogart@nexj.com

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Bill Good Marketing and NexJ Systems Announce Partnership and Release of Gorilla 5 https://www.nexj.com/blog/press-room/bill-good-marketing-and-nexj-systems-announce-partnership-and-release-of-gorilla-5/ Tue, 20 Apr 2021 13:58:53 +0000 https://www.nexj.com/?post_type=press&p=8087 Legendary Bill Good Marketing teams up with NexJ Systems Inc., leader in wealth management automation technology Continue Reading Bill Good Marketing and NexJ Systems Announce Partnership and Release of Gorilla 5

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Legendary Bill Good Marketing teams up with leader in wealth management automation technology

Toronto, ON (April 20, 2021)NexJ Systems Inc. (TSX: NXJ), announces it is partnering with Bill Good Marketing, the leader in growth, retention, and practice management solutions for financial advisors, and the release of Gorilla 5. Gorilla 5 is powered by NexJ CRM for Wealth Management, NexJ’s deep vertical and industry leading customer relationship management product.

Through this collaboration, Bill Good Marketing have and will continue to develop a new platform that combines both a next-generation CRM and unparalleled marketing content, campaigns, and best practices geared entirely toward helping advisors grow their business, increase efficiencies in the office and improve their client relationships.

“This is a game changer for our industry. Our founder built one of the first CRM’s in the industry, and now we have the capability to continuously improve on the core principles of that technology,” said Frantz Widmaier, CEO of Bill Good Marketing. “Now more than ever financial advisors are looking for cutting edge technology to give them an edge. NexJ CRM for Wealth Management combined with our deep knowledge of the industry puts us in a unique position to help our clients dominate their market.”

“Wells Fargo, RBC and UBS are examples of customers that continue to benefit from our deep vertical CRM. While continuing to pursue these globally recognized brands, NexJ is committed to expanding the availability of our industry leading CRM for Wealth Management to a larger segment of the market,” said Matthew Bogart, VP Marketing at NexJ Systems. “Teaming up with Bill Good Marketing and launching Gorilla 5 will create opportunities for firms of all sizes to take advantage of our complementary expertise to achieve their growth objectives.”

Now is the time to join the growing community on Gorilla 5, sign up here.

About Bill Good Marketing

Bill Good Marketing was founded in 1977 by Bill Good. He was one of the first in the industry to teach advisors how to sell, prospect, and build a team. In 2012, he was named by Wealth Management.com as one of the top coaches in the financial services industry. Bill Good Marketing helps advisors double their production in 2-3 years by offering everything an advisor and their team needs to reach their goals faster. Including strategy, content, campaigns, and guidance.

About NexJ Systems Inc.

NexJ Systems develops Intelligent Customer Management products for the financial services industry. Its award-winning products are designed to help Wealth Management, Private Banking, Corporate and Commercial Banking, and Insurance firms revolutionize their business. Powered by artificial intelligence, its products help drive productivity, boost client engagement, and increase revenue. With users in over 60 countries, its customers benefit from its deep expertise across financial services verticals, strategic investment in innovation, and commitment to their success.

Based in Toronto, NexJ has clients throughout North America, Asia Pacific and in Europe. For more information about NexJ visit www.nexj.com, e-mail info@nexj.com, or call 416-222-5611. Join us on LinkedIn, follow us on Twitter, subscribe to our YouTube channel, or like us on Facebook.

NexJ Forward-looking Statement

Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on NexJ’s current expectations, estimates, forecasts and projections about the operating environment, economies, and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. NexJ’s assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently, its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see NexJ’s securities filings with the OSC and other securities regulators. NexJ securities filings are available on www.sedar.com.  Unless otherwise required by applicable securities laws, NexJ disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For more information:

Matthew Bogart
Vice President, Marketing
NexJ Systems Inc.
Tel. +1 416-227-3708
Email: Matthew.bogart[at]nexj.com
Frantz Widmaier
CEO
Bill Good Marketing
Tel. +800-678-1480
Email:FrantzW[at]billgoodmarketing.com

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NexJ Systems Engages Sand Hill East for Business Acceleration https://www.nexj.com/blog/press-room/nexj-systems-engages-sand-hill-east-for-business-acceleration/ Tue, 09 Mar 2021 15:29:16 +0000 https://www.nexj.com/?post_type=press&p=8085 Toronto, ON (March 9, 2021) — NexJ Systems Inc. (TSX: NXJ), announces it is has entered in to an agreement with Sand Hill East LLC, a New York based business development firm,  to leverage their deep domain expertise and business development capabilities in the financial services market. With strong ties to leaders and influencers in… Continue Reading NexJ Systems Engages Sand Hill East for Business Acceleration

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Toronto, ON (March 9, 2021)NexJ Systems Inc. (TSX: NXJ), announces it is has entered in to an agreement with Sand Hill East LLC, a New York based business development firm,  to leverage their deep domain expertise and business development capabilities in the financial services market. With strong ties to leaders and influencers in the wealth management and banking sectors, NexJ will benefit from Sand Hill East’s network to drive business acceleration.

The Sand Hill East team comprises a network of subject matter experts that have spent the majority of their careers advancing key technology initiatives for some of the world’s leading financial institutions including Morgan Stanley, Deutsche Bank, Merrill Lynch, Bank of America, UBS and Credit Suisse.

“NexJ has a proven ability to deliver great value to many of the most recognized global financial services firms with their intelligent customer management products,” said Andy Brown, CEO and Co-Founder of Sand Hill East. “We look forward to presenting the benefits that can be achieved through NexJ’s technology to key decision makers in the wealth management and banking sectors.”

“With a full revision of our flagship advisor and banking front-office software and a new suite of AI-driven modular technology now available, we are wholly focused on driving top-line growth this year and into the future,” said Paul O’Donnell, CEO of NexJ Systems Inc. “Sand Hill East has a strong track record of connecting innovative software vendors with financial services firms and we look forward to working with them to grow our position in the market.”

About NexJ Systems Inc.

NexJ Systems develops Intelligent Customer Management products for the financial services industry. Its award-winning products are designed to help Wealth Management, Private Banking, Corporate and Commercial Banking, and Insurance firms revolutionize their business. NexJ products have been deployed in some of the largest financial institutions in the world to help drive productivity, boost client engagement, and increase revenue. With users in over 60 countries, its customers benefit from its deep expertise across financial services verticals, strategic investment in innovation, and commitment to their success.

Based in Toronto, NexJ has clients throughout North America, Asia Pacific and in Europe. For more information about NexJ visit www.nexj.com, e-mail info@nexj.com, or call 416-22-5611. Join us on LinkedIn, follow us on Twitter, subscribe to our YouTube channel, or like us on Facebook.

About Sand Hill East

Sand Hill East LLC is a strategic venture advisory group supporting the growth of digital, technology, and FinTech businesses. Founded in 2014 with the goal of leveraging their extensive technology and business experience, the team has built a robust ecosystem reaching across the tech startup, financial services and investment community. The Sand Hill East Team works in between ideas, capital and enterprises to identify gaps that can be filled by innovative technology products.  Sand Hill East mentors founders and companies through the critical stages of development by offering advisory services and leveraging the strength of their networks. For more information, visit https://sandhilleast.net

NexJ Forward-looking Statement

Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on NexJ’s current expectations, estimates, forecasts and projections about the operating environment, economies, and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. NexJ’s assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently, its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see NexJ’s securities filings with the OSC and other securities regulators. NexJ securities filings are available on www.sedar.com.  Unless otherwise required by applicable securities laws, NexJ disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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NexJ Systems Partners with AdvisorStream to Solve Critical Problem in Wealth Management https://www.nexj.com/blog/press-room/nexj-systems-partners-with-advisorstream-to-solve-critical-problem-in-wealth-management/ Tue, 12 Jan 2021 12:00:47 +0000 https://www.nexj.com/?post_type=press&p=8044 NexJ Systems is partnering with AdvisorStream to enhance a product that enables wealth managers to better address the need to meaningfully engage with clients. Continue Reading NexJ Systems Partners with AdvisorStream to Solve Critical Problem in Wealth Management

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Innovative Inform is first Intelligent Digital Assistant that marries deep data with ROI-focused marketing initiatives to help wealth managers better communicate

Toronto, ON (January 12, 2021)NexJ Systems Inc. (TSX: NXJ), announces it is partnering with AdvisorStream to enhance a product that enables wealth managers to better address the need to meaningfully engage with clients. Inform is the first intelligent digital assistant that allows advisors to hyper-personalize content and deliver superior, value-added, customer experiences throughout the client lifecycle.

Awaad Amir, Wealth Management analyst for Celent, the leading research and advisory firm focused on technology for financial institutions globally, advocates the critical need for digital content marketing. Understanding how the NexJ and AdvisorStream partnership benefits the industry Mr. Amir says, “Licensed content usually garners higher levels of engagement over content that’s publicly available. Further, using personalization tools to distribute exclusive content is a powerful and smart client engagement strategy.”

NexJ’s innovative Inform product, coupled with AdvisorStream’s trusted 5-star rated content marketing platform drives higher client acquisition, engagement and retention. All content is exclusively licensed from industry recognized sources, with no paywall or advertisements, and is fully compliant with FINRA, SEC, IIROC and FCA regulations.

How it works:

NexJ’s Inform product leverages information a firm has about a client such as demographic and transaction data to build a unique client interest profile. The profile is further enhanced using the most advanced AI, including Natural Language Processing to analyze client or prospect interests sourced from interactions (like email and notes from the firm’s CRM system).  Once the client or prospect interests have been identified, Inform allows advisors to automatically or manually deliver a stream of content, hyper-personalized to each recipient.

“Our partnership with AdvisorStream is a natural fit. We share a vision of helping wealth managers better engage their clients and facilitate their ability to generate more assets,” says Paul DeVriendt, Senior Vice President of Product at NexJ Systems Inc. “Inform, powered by AdvisorStream, helps wealth managers improve the client experience by delivering relevant and meaningful content with no paywalls or ads, and saves valuable time by automating the selection of content that matches client interests. This builds loyalty by enabling regular, proactive interactions with clients.”

Kevin Mulhern, AdvisorStream CEO and Co-founder says: “Inform answers the call of our enterprise clients for a next-level product that helps maximize the return on the significant investments they have made in CRM technologies. It marries deep data with ROI-focused marketing initiatives. AdvisorStream’s partnership with NexJ is aligned with the goals of wealth managers to cost-effectively manage the unspoken expectations of clients and prospects; to have a deeper understanding of their wants, needs, dreams, concerns and life events and deliver the most relevant, real-time, trusted content through unprecedented hyper-personalization.”

 

 

To learn more, please visit the Inform website.

About NexJ Systems Inc.

NexJ Systems develops Intelligent Customer Management products for the financial services industry. Its award-winning products are designed to help Wealth Management, Private Banking, Corporate and Commercial Banking, and Insurance firms revolutionize their business. Powered by artificial intelligence, its products help drive productivity, boost client engagement, and increase revenue. With users in over 60 countries, its customers benefit from its deep expertise across financial services verticals, strategic investment in innovation, and commitment to their success.

Based in Toronto, NexJ has clients throughout North America, Asia Pacific and in Europe. For more information about NexJ visit www.nexj.com, e-mail info@nexj.com, or call 416-222-5611. Join us on LinkedIn, follow us on Twitter, subscribe to our YouTube channel, or like us on Facebook.

About AdvisorStream

AdvisorStream is the highest-rated marketing platform for enterprises and financial advisors and is fully partnered with the world’s most credible and trusted publishers. The award-winning platform helps financial firms and advisors engage investors through timely, personalized and compliant communications. As an omni-channel marketing service, AdvisorStream delivers the highest-quality and up-to-date article, commentary, video and infographic content through newsletters, social media, emails, websites, and client portals. Every year, AdvisorStream delivers hundreds of millions of communications materials on behalf of its vast network of financial advisors. Headed by CEO, co-founder and industry thought leader Kevin Mulhern, AdvisorStream has offices in New York, London, and Toronto.

For more information, visit AdvisorStream.com or connect with us on social media on FacebookLinkedIn, Twitter, or Instagram.

NexJ Forward-looking Statement

Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on NexJ’s current expectations, estimates, forecasts and projections about the operating environment, economies, and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. NexJ’s assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently, its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see NexJ’s securities filings with the OSC and other securities regulators. NexJ securities filings are available on www.sedar.com.  Unless otherwise required by applicable securities laws, NexJ disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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NexJ Systems Announces Next Best Action Digital Assistant https://www.nexj.com/blog/press-room/nexj-systems-announces-next-best-action-digital-assistant/ Thu, 21 Nov 2019 13:10:53 +0000 https://www.nexj.com/?post_type=press&p=7786 The next best action digital assistant helps advisors foster better relationships by recommending appropriate actions, and better client engagement. Continue Reading NexJ Systems Announces Next Best Action Digital Assistant

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Equips advisors with data-driven prompts to help drive efficiency, meet compliance obligations, and boost loyalty

Toronto, ON (November 21, 2019)NexJ Systems Inc. (TSX: NXJ) announces the launch of its NexJ Nudge-AI next best action digital assistant for Wealth Management advisors. Wealth Managers can effectively leverage this assistant to improve client outcomes while automating tasks and processes, all in real time.

The digital assistant presents actions in order of highest value to an advisor. It generates, scores and ranks these actions based on industry best practices or firm established guidelines. Interactions are prioritized and recommendations made by recognizing that clients want to be treated as individuals with distinct preferences. It enables advisors to recommend the next best action that can leverage their competitive assets, using data and analytical insights to serve clients in a more relevant and contextual manner.

The next best action digital assistant helps advisors foster better relationships by recommending appropriate actions, and better client engagement. It also keeps regulatory frameworks in mind and issues alerts accordingly to ensure compliance.

“NexJ Nudge-AI digital assistants are designed to meet the most pressing needs of the wealth management industry including increasing the amount of time an advisor can spend with clients, improving the quality of that time spent, and reducing the amount of back-office administrative tasks,” said Matthew Bogart, Vice President of Marketing at NexJ Systems Inc. “Their key benefits reflect these needs, offering the recommendation of appropriate actions to help foster stronger relationships, the facilitation of better client engagement, and automation of administrative tasks.”

NexJ follows a pragmatic approach to the deployment of its digital assistants, beginning with simple recommendations to help build trust, followed by more complex recommendations as the system gains access to more data and is trained on optimal outcomes.

The next best action digital assistant will be available in December. For more information: www.nexj.ai

About NexJ Systems Inc.

NexJ Systems develops Intelligent Customer Management products for the financial services industry. Its award-winning products are designed to help Wealth Management, Private Banking, Corporate and Commercial Banking, and Insurance firms revolutionize their business. Powered by artificial intelligence, its products help drive productivity, boost client engagement, and increase revenue. With users in over 60 countries, its customers benefit from its deep expertise across financial services verticals, strategic investment in innovation, and commitment to their success.

Based in Toronto, NexJ has clients throughout North America, Asia Pacific and in Europe. For more information about NexJ visit www.nexj.com, e-mail info@nexj.com, or call 416-222-5611. Join us on LinkedIn, follow us on Twitter, subscribe to our YouTube channel, or like us on Facebook.

NexJ Forward-looking Statement

Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on NexJ’s current expectations, estimates, forecasts and projections about the operating environment, economies, and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. NexJ’s assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently, its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see NexJ’s securities filings with the OSC and other securities regulators. NexJ securities filings are available on www.sedar.com.  Unless otherwise required by applicable securities laws, NexJ disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For more information:

Matthew Bogart
Vice President, Marketing
NexJ Systems Inc.
Tel. +1 416-227-3708
Email: Matthew.bogart@nexj.com

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NexJ Systems Advances CRM for Wealth Management https://www.nexj.com/blog/press-room/nexj-systems-advances-crm-for-wealth-management/ Tue, 08 Oct 2019 13:00:07 +0000 https://www.nexj.com/?post_type=press&p=7696 Delivers next generation wealth management functionality with flexible deployment options on private or hybrid cloud or on-premise Continue Reading NexJ Systems Advances CRM for Wealth Management

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Delivers next generation wealth management functionality with flexible deployment options on private or hybrid cloud or on-premise

Toronto, ON (October 8, 2019)NexJ Systems Inc. (TSX: NXJ), delivering intelligent customer management software to the financial services industry, today announced the general availability of its next generation CRM, purpose built for wealth management firms that can be deployed either on a private cloud, hybrid cloud or on-premise.

NexJ has long been recognized as best-in-class by industry analyst firms including Aite (Top CRM Vendor for wealth management), and Celent (Best CRM for Wealth Management). Building on that reputation, NexJ has further evolved its CRM for Wealth Management product with built-in vertical market functionality leveraging the experience and expertise gained in delivering solutions to notable financial services firms including Wells Fargo, UBS, and RBC.

NexJ CRM for Wealth Management is purpose built to provide financial advisors the ability to save time, optimize customer value, and enhance client engagement. The product offers rep code security to support the way wealth management firms govern data, wealth specific client attributes such as market segment, domicile and investor qualification, and enables transparent client management across teams and the broader organization. The vertical specific capabilities ensure that a firm can extract value quickly through not having to make changes to its business to meet the limitation of horizontal CRM.

In addition, NexJ Nudge-AI digital assistants can seamlessly integrate with the CRM, delivering Artificial Intelligence, Machine Learning, and Natural Language Processing to assist advisors increase customer loyalty, enhance the sales and service model and help automate compliance requirements.

A recent Forrester report titled ‘CRM Goes Vertical In The Age Of The Customer Landscape’ highlighted the need for differentiated customer experiences in order to “align people, processes, and technology to enable organizations to better serve and support customers during their engagement journey.”1 Deeply vertical CRM offers support for industry processes that can drive higher adoption rates, and deep domain functionality that includes compliance with industry standards and regulations.

“Wealth management firms are facing significant challenges including competition from robo-advisors and new market entrants, a more informed customer, inefficient processes due to dated technology and the commoditization of financial products,” said Matthew Bogart, Vice President of Marketing at NexJ Systems. “Customers have always trusted NexJ to place advisors at the center of their solutions. This next generation product continues to enhance the experience of the advisor helping them to better understand and engage the clients that make up their book of business.”

About NexJ Systems Inc.

NexJ Systems develops Intelligent Customer Management products for the financial services industry. Its award-winning CRM is designed to help Wealth Management, Private Banking, Corporate and Commercial Banking, and Insurance firms revolutionize their business. Powered by artificial intelligence, its products help drive productivity, boost client engagement, and increase revenue. With users in over 60 countries, its customers benefit from its deep expertise across financial services verticals, strategic investment in innovation, and commitment to their success.

Based in Toronto, NexJ has clients throughout North America, Asia Pacific and in Europe. For more information about NexJ visit www.nexj.com, e-mail info@nexj.com, or call 416-222-5611. Join us on LinkedIn, follow us on Twitter, subscribe to our YouTube channel, or like us on Facebook.

For more information:

Matthew Bogart
Vice President, Marketing
NexJ Systems Inc.
Tel. +1 416-227-3708
Email: Matthew.bogart@nexj.com

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NexJ Systems Announces A New Intelligent Investment Recommendation Assistant For Financial Advisors https://www.nexj.com/blog/press-room/nexj-systems-announces-a-new-intelligent-investment-recommendation-assistant-for-financial-advisors/ Mon, 23 Sep 2019 14:51:06 +0000 https://www.nexj.com/?post_type=press&p=7693 Previously recognized by Celent that said “NexJ is one of the industry leaders for its implementation and application of AI across its platform”1, this product extends the real-world deployment of AI and further deepens NexJ’s wealth management vertical specific capabilities. Continue Reading NexJ Systems Announces A New Intelligent Investment Recommendation Assistant For Financial Advisors

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First in a suite of digital assistants that leverage Artificial Intelligence, Machine Learning, and Natural Language Processing

 

Toronto, ON (September 23, 2019) — NexJ Systems Inc. (TSX: NXJ), announces the launch of a new intelligent investment recommendation assistant that creates highly individualized investment options optimized to mitigate risk and volatility. It continuously monitors and detects portfolio imbalances and automates compliance by identifying the need to rebalance and applying investor mandate and firm compliance rules to all recommendations.

The intelligent investment recommendation assistant consolidates investor information from any source, internal or external, then utilizes client preferences and the firm’s portfolio management strategy to create a hyper-personalized mandate for each client portfolio. Working directly in partnership with Boosted.ai, a strong team with experience building Machine Learning algorithms at Bloomberg, the product employs Deep Learning methodologies to perform analysis of 10+ years of historic data to arrive at smart recommendations. It also automatically captures documented rationale for why a recommendation is made.

Previously recognized by Celent that said “NexJ is one of the industry leaders for its implementation and application of AI across its platform”1, this product extends the real-world deployment of AI and further deepens NexJ’s wealth management vertical specific capabilities.

“The intelligent investment recommendation assistant is not only delivering significant efficiency gains in the process of creating an investor mandate but, more importantly, is introducing hedge fund quality investment algorithms to client portfolios, hyper-personalized to individual and firm investment criteria,” said Matthew Bogart, Vice President of Marketing at NexJ Systems Inc. “Through the continuous monitoring for portfolio imbalances, the system driven alerts mitigate the potential of being out of compliance.”

NexJ is confident that the intelligent investment recommendation assistant adds significant value to a firm’s investment in portfolio management, financial planning and trading systems. Immediate value is delivered through the reduction of manual processes required to consolidate information from these systems. It enhances a firm’s investment recommendations based on augmented intelligence and predictive models, taking existing systems and turning data into actionable and repeatable investment ideas.

A preview of the intelligent investment recommendation assistant will be on display at the NexJ booth at Finovate September 23 to 25. The product will be available in November.

1 Ranking the CRM Vendors for Wealth Management An Overview of the North American Market, Ashley Globerman, May 2018

About NexJ Systems Inc.
NexJ Systems develops Intelligent Customer Management products for the financial services industry. Its award-winning products are designed to help Wealth Management, Private Banking, Corporate and Commercial Banking, and Insurance firms revolutionize their business. Powered by artificial intelligence, its products help drive productivity, boost client engagement, and increase revenue. With users in over 60 countries, its customers benefit from its deep expertise across financial services verticals, strategic investment in innovation, and commitment to their success.

Based in Toronto, NexJ has clients throughout North America, Asia Pacific and in Europe. For more information about NexJ visit www.nexj.com, e-mail info@nexj.com, or call 416-222-5611. Join us on LinkedIn, follow us on Twitter, subscribe to our YouTube channel, or like us on Facebook.

NexJ Forward-looking Statement
Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on NexJ’s current expectations, estimates, forecasts and projections about the operating environment, economies, and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. NexJ’s assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently, its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see NexJ’s securities filings with the OSC and other securities regulators. NexJ securities filings are available on www.sedar.com. Unless otherwise required by applicable securities laws, NexJ disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For more information:
Matthew Bogart
Vice President, Marketing
NexJ Systems Inc.
Tel. +1 416-227-3708
Email: Matthew.bogart@nexj.com

The post NexJ Systems Announces A New Intelligent Investment Recommendation Assistant For Financial Advisors appeared first on NexJ Systems.

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NexJ Systems Partners With Boosted.ai to Enhance Machine Learning Capabilities https://www.nexj.com/blog/press-room/nexj-systems-partners-with-boosted-ai-to-enhance-machine-learning-capabilities/ Wed, 12 Jun 2019 14:23:32 +0000 https://www.nexj.com/?post_type=press&p=7348 NexJ and Boosted.ai align to develop products designed to empower the human advisor using Artificial Intelligence Toronto, ON (June 11, 2019) — NexJ Systems Inc. (TSX: NXJ), offering intelligent customer management software to the financial services industry, announced today that it has entered into a partnership with Boosted.ai to supplement its AI and Machine Learning… Continue Reading NexJ Systems Partners With Boosted.ai to Enhance Machine Learning Capabilities

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NexJ and Boosted.ai align to develop products designed to empower the human advisor using Artificial Intelligence

Toronto, ON (June 11, 2019)NexJ Systems Inc. (TSX: NXJ), offering intelligent customer management software to the financial services industry, announced today that it has entered into a partnership with Boosted.ai to supplement its AI and Machine Learning capabilities. This is in line with our recently launched Strategic Partner Program that welcomes financial services-specific solutions partners to work closely with us to broaden our product offering and add to our overall value proposition.

NexJ and Boosted.ai have already begun building a breakthrough product that will leverage the expertise of both companies. The initial product will deliver Wealth Management specific functionality to augment an advisor’s ability to service and sell to clients, while improving productivity associated with the execution of back-office tasks. The partnership will greatly enrich our vertical capabilities and vastly increase the value delivered to our customers.

“It made sense for NexJ and Boosted.ai to partner given we are aligned in delivering technologically advanced products, leveraging AI and Machine Learning, to the financial services market,” said Matthew Bogart, Vice President of Marketing at NexJ Systems Inc.  “Artificial Intelligence and Machine Learning are foundational components of our Intelligent Customer Management strategy. Our focus is to develop feature-rich, industry specific, out-of-the-box functionality, delivered with a rapid time to value that can empower the human advisor.”

Boosted.ai has a strong team with decades of combined experience building Machine Learning teams at Bloomberg and through the founding of Maluuba, a company that was acquired by Microsoft and became Microsoft Research Montreal. Joshua Pantony, Co-Founder and CEO of Boosted.ai, said, “Boosted.ai was founded with the belief that Machine Learning will revolutionize the financial industry. We want to empower the industry to achieve consistently better results by unlocking the predictive power of data. We think the partnership with NexJ, which has market leading domain knowledge and expertise, will allow us to fully unleash the potential of our Machine Learning algorithms in combined product offerings.”

About Boosted.ai

Boosted.ai is a software company focused on helping customers unlock the value of their financial domain expertise and data through the predictive machine learning platform: Boosted Insights.  The platform allows users to improve their investment decision making process through the use of artificial intelligence – without the need for a team of data scientists and programmers.  This allows investment professionals to leverage Boosted.ai’s team of machine learning engineers in order to deliver both efficiency gains and improve investment results, all through an easy to use web interface.

About NexJ Systems Inc.

NexJ Systems is the pioneer of Intelligent Customer Management. Its award-winning CRM is designed to help Wealth Management, Private Banking, Corporate and Commercial Banking, and Insurance firms revolutionize their business. Powered by artificial intelligence, its products help drive productivity, boost client engagement, and increase revenue. With users in over 60 countries, its customers benefit from its deep expertise across financial services verticals, strategic investment in innovation, and commitment to their success.

Based in Toronto, NexJ has clients throughout North America, Asia Pacific and in Europe. For more information about NexJ visit www.nexj.com, e-mail info@nexj.com, or call 416-222-5611. Join us on LinkedIn, follow us on Twitter, subscribe to our YouTube channel, or like us on Facebook.

NexJ Forward-looking Statement

Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on NexJ’s current expectations, estimates, forecasts and projections about the operating environment, economies, and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. NexJ’s assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently, its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see NexJ’s securities filings with the OSC and other securities regulators. NexJ securities filings are available on www.sedar.com.  Unless otherwise required by applicable securities laws, NexJ disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For more information:
Matthew Bogart
Vice President, Marketing
NexJ Systems Inc.
Tel. +1 416-227-3708
Email: Matthew.bogart@nexj.com

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NexJ Systems Rolls Out Early Access Program For Powerful, Private Cloud CRM for Wealth Management https://www.nexj.com/blog/press-room/nexj-systems-rolls-out-early-access-program-for-powerful-private-cloud-crm-for-wealth-management/ Thu, 23 May 2019 11:00:40 +0000 https://www.nexj.com/?post_type=press&p=7325 Announcing the launch of our Early Access Program for our new Private Cloud CRM for Wealth Management. Continue Reading NexJ Systems Rolls Out Early Access Program For Powerful, Private Cloud CRM for Wealth Management

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Applications for a free trial of the new offering with immediate business benefits from award-winning CRM provider are now being accepted

Toronto, ON (May 23, 2019)NexJ Systems Inc. (TSX: NXJ), offering intelligent customer management software to the financial services industry, announces the launch of its Early Access Program for its new Private Cloud CRM for Wealth Management. The program offers 3 months free use of the new product, free setup and additional benefits to qualified wealth management firms.

There are a number of immediate business benefits to customers who choose to come on board. NexJ’s Private Cloud CRM for Wealth Management can help firms grow their business by increasing customer loyalty, drive efficiency by enhancing advisor productivity, and ultimately grow assets under management.  A modern, mobile user experience also helps attract and retain advisors while fostering collaboration.

With this new product, NexJ is keeping with its commitment to delivering innovative solutions employing cutting-edge technology and leveraging strategic partnerships with industry leaders such as IBM. NexJ’s Private Cloud CRM for Wealth Management offers better security by eliminating the possibility of data ‘co-mingling’. It also boosts reliability by using dedicated infrastructure to prevent any impact on performance sometimes associated with a shared services model.

Based on our award-winning CRM for wealth management, this new product offers a number of key capabilities such as:

  • Comprehensive Customer View to consolidate all key customer information
  • Quick Notes for advisors to easily capture meeting and call notes
  • Householding to understand complex relationships and service entire households
  • Lead Management to identify value of each lead and drive efficiencies in the sales process

“The introduction of this new, configurable offering, built specifically for Wealth Management, greatly reduces a firm’s time to market and further demonstrates our commitment to delivering the best vertical market CRM on the planet. The design goals were to build a product that incorporated out-of-the-box capabilities resulting from our work with some of the largest wealth management institutions in the world,” said Matthew Bogart, Vice President of Marketing at NexJ Systems Inc. “Beyond the application functionality, we believe deploying on a private cloud is the only choice for firms where data integrity and maximizing compliance requirements is of high priority.”

Customers choosing the Early Access Program will also receive a 15% discount and a 1-year term (reduced from 3 years) on conversion, cancelable within 30 days. Free setup is included, along with 24/7 support. The program starts on June 1, 2019, and extends until September 30, 2019. Applications are now being accepted, starting today.

About NexJ Systems Inc.

NexJ Systems is the pioneer of Intelligent Customer Management. Its award-winning CRM is designed to help Wealth Management, Private Banking, Corporate and Commercial Banking, and Insurance firms revolutionize their business. Powered by artificial intelligence, its products help drive productivity, boost client engagement, and increase revenue. With users in over 60 countries, its customers benefit from its deep expertise across financial services verticals, strategic investment in innovation, and commitment to their success.

Based in Toronto, NexJ has clients throughout North America, Asia Pacific and in Europe. For more information about NexJ visit www.nexj.com, e-mail info@nexj.com, or call 416-222-5611. Join us on LinkedIn, follow us on Twitter, subscribe to our YouTube channel, or like us on Facebook.

NexJ Forward-looking Statement

Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on NexJ’s current expectations, estimates, forecasts and projections about the operating environment, economies, and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. NexJ’s assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently, its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see NexJ’s securities filings with the OSC and other securities regulators. NexJ securities filings are available on www.sedar.com.  Unless otherwise required by applicable securities laws, NexJ disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For more information:
Matthew Bogart
Vice President, Marketing
NexJ Systems Inc.
Tel. +1 416-227-3708
Email: Matthew.bogart@nexj.com

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NexJ Systems Revamps Industry Leading CRM with IBM Hybrid Cloud Platform https://www.nexj.com/blog/press-room/nexj-systems-revamps-industry-leading-crm-with-ibm-hybrid-cloud-platform/ Mon, 29 Apr 2019 12:30:12 +0000 https://www.nexj.com/?post_type=press&p=7277 Small and Medium Wealth Managers first to benefit from latest offering leveraging IBM Cloud Private Toronto, ON (April 29, 2019) — NexJ Systems Inc. (TSX: NXJ), the pioneer of intelligent customer management for the financial services industry, announced today that it has chosen IBM Cloud Private to host its customer relationship management (CRM) platform for… Continue Reading NexJ Systems Revamps Industry Leading CRM with IBM Hybrid Cloud Platform

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Small and Medium Wealth Managers first to benefit from latest offering leveraging IBM Cloud Private

Toronto, ON (April 29, 2019) — NexJ Systems Inc. (TSX: NXJ), the pioneer of intelligent customer management for the financial services industry, announced today that it has chosen IBM Cloud Private to host its customer relationship management (CRM) platform for small and medium enterprise (SME) wealth managers.

Wealth managers in need of CRM solutions are increasingly recognizing that workloads containing sensitive customer information can have complex requirements when being moved back and forth across various cloud and IT environments. In order to tap into the flexibility and cost-saving benefits of the cloud while maintaining compliance and security across multiple, dispersed data sources, NexJ needed a first-class hybrid cloud strategy to support its CRM platform.

NexJ chose IBM Cloud Private due to IBM’s experience designing hybrid cloud strategies for the financial services industry, and the access to advanced services IBM Cloud Private provides. With IBM Cloud Private, NexJ is leveraging a suite of services like IBM Cloud Log Analysis with Kibana, IBM Cloud Databases for Elasticsearch, and IBM Cloud Object Storage for mass data storage, all orchestrated through IBM Cloud Kubernetes Service and Istio. Now, NexJ’s wealth management customers can securely streamline how they move and manage customer data across environments, freeing them up to spend more time focusing on driving new revenue streams and providing better experiences for customers.

NexJ’s deep vertical product has long been recognized by industry analyst firms including Aite (Top CRM Vendor for wealth management), and Celent (Best CRM for Wealth Management), and selected by the wealth management divisions of notable financial services firms including Wells Fargo, UBS and RBC. NexJ’s hybrid cloud strategy with IBM Cloud Private allows them to leverage the success they have had refining their offerings in the largest banks, insurers and financial services firms in the world, and now bring their products to SME wealth managers looking for lower cost and more flexible offerings.

Matthew Bogart, Vice President of Marketing at NexJ Systems Inc. spoke about the advantages of selecting IBM as its provider: “We wanted to deliver the CRM chosen by world’s leading Blue Chip financial services institutions to SME firms. By building this solution with IBM technology and collaborating with the IBM Partner Ecosystem team to bring it to market, we can offer a best of breed customer management software on an industry-leading cloud platform.”

“NexJ Systems recognizes the importance of today’s hybrid cloud opportunity as its customers are demanding more flexibility and secure access to advanced cloud technologies in order to revamp their CRM strategies,” said Lisa Canham, Director of Partner Ecosystem, IBM Canada. “Our priority right now is helping these businesses migrate and modernize applications for the cloud in order to speed up their business transformation.”

About NexJ Systems Inc.

NexJ Systems is the pioneer of Intelligent Customer Management. Its award-winning CRM is designed to help Wealth Management, Private Banking, Corporate and Commercial Banking, and Insurance firms revolutionize their business. Powered by artificial intelligence, its products help drive productivity, boost client engagement, and increase revenue. With users in over 60 countries, its customers benefit from its deep expertise across financial services verticals, strategic investment in innovation, and commitment to their success.

Based in Toronto, NexJ has clients throughout North America, Asia Pacific and in Europe. For more information about NexJ visit www.nexj.com, e-mail info@nexj.com, or call 416-222-5611. Join us on LinkedIn, follow us on Twitter, subscribe to our YouTube channel or like us on Facebook.

NexJ Forward-looking Statement

Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on NexJ’s current expectations, estimates, forecasts and projections about the operating environment, economies, and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. NexJ’s assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently, its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see NexJ’s securities filings with the OSC and other securities regulators. NexJ securities filings are available on www.sedar.com.  Unless otherwise required by applicable securities laws, NexJ disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For more information:
Matthew Bogart
Vice President, Marketing
NexJ Systems Inc.
Tel. +1 416-227-3708
Email: Matthew.bogart@nexj.com

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NexJ Systems Announces Strategic Partner Program https://www.nexj.com/blog/press-room/nexj-systems-announces-strategic-partner-program/ Tue, 16 Apr 2019 13:00:03 +0000 https://www.nexj.com/?post_type=press&p=7248 Toronto, ON (April 16, 2019) — NexJ Systems Inc. (TSX: NXJ), the pioneer of Intelligent Customer Management (ICM) for the financial services industry, announces the launch of its partner program. Continue Reading NexJ Systems Announces Strategic Partner Program

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Providing partners with the tools, training, and support needed to create critical long-term value, boost growth, and increase revenue

Toronto, ON (April 16, 2019)NexJ Systems Inc. (TSX: NXJ), the pioneer of Intelligent Customer Management (ICM) for the financial services industry, announces the launch of its partner program. NexJ is inviting financial services-specific consulting and solutions partners to expand our implementation capabilities and broaden our product offering.

Speaking about the program, Vlad Hachinski, Vice President, Partnership Success at NexJ Systems Inc. says, “Our ultimate goal is to ensure superior client engagements by unleashing the combined value of our partners’ expertise and NexJ’s ICM. Our partners and NexJ will benefit from an expanded sales & service footprint, and increased diversity of offerings, leading to growth in sales, market share, and innovation in the fintech space”.

At the heart of the partner program lies NexJ’s ongoing commitment to innovation and a relentless desire to create value for our clients. Through select partners, NexJ believes its program can help customers more easily benefit from new technologies and extend their competitive differentiation.

Organizations that have partnered with us have done so for 3 principal reasons. First, we are experts in the financial services industry and the trusted choice for CRM products by global financial institutions due to our deep domain expertise. Second, we are experts in customer success; we align ourselves with our customers and act as trusted advisors. Third, we are experts at integration; our integration tools are built to integrate with complex back-office environments and designed to meet the needs of financial services firms and consulting partners.

To learn more about becoming a NexJ partner, visit: www.nexj.com/partners or email partners@nexj.com. Click here to read more about how the next generation of CRM tools from NexJ Systems Inc. can allow customers to work smarter, better and faster with Intelligent Customer Management.

About NexJ Systems Inc.

NexJ Systems is the pioneer of Intelligent Customer Management. Its award-winning CRM is designed to help Wealth Management, Private Banking, Corporate and Commercial Banking, and Insurance firms revolutionize their business. Powered by artificial intelligence, its products help drive productivity, boost client engagement, and increase revenue. With users in over 60 countries, its customers benefit from its deep expertise across financial services verticals, strategic investment in innovation, and commitment to their success.

Based in Toronto, NexJ has clients throughout North America, Asia Pacific and in Europe. For more information about NexJ visit www.nexj.com, e-mail info@nexj.com, or call 416-222-5611. Join us on LinkedIn, follow us on Twitter, subscribe to our YouTube channel or like us on Facebook.

NexJ Forward-looking Statement

Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on NexJ’s current expectations, estimates, forecasts and projections about the operating environment, economies, and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. NexJ’s assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently, its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see NexJ’s securities filings with the OSC and other securities regulators. NexJ securities filings are available on www.sedar.com.  Unless otherwise required by applicable securities laws, NexJ disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For more information:

Matthew Bogart
Vice President, Marketing
NexJ Systems Inc.
Tel. +1 416-227-3708
Email: Matthew.bogart@nexj.com

 

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NexJ Systems partners with Symphony to offer corporate banks and wealth managers an advanced collaboration platform https://www.nexj.com/blog/press-room/nexj-systems-partners-with-symphony-to-offer-corporate-banks-and-wealth-managers-an-advanced-collaboration-platform/ Wed, 03 Oct 2018 15:03:49 +0000 http://www.nexj.com/?post_type=press&p=4232 NexJ announces a partnership with the cloud-based secure team collaboration platform Symphony Communication Services, LLC to offer a product that allows corporate banks to engage with colleagues and clients in new and exciting ways. The integrated solution will be on display at Symphony Innovate 2018. Continue Reading NexJ Systems partners with Symphony to offer corporate banks and wealth managers an advanced collaboration platform

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Powerful messaging system integrated with leading CRM application allows corporate banking firms and wealth managers to better engage on accounts

Toronto, ON (October 3, 2018)NexJ Systems Inc. (TSX: NXJ), a provider of intelligent customer management software to the financial services industry, announces a partnership with the cloud-based secure team collaboration platform Symphony Communication Services, LLC to offer a product that allows corporate banks to engage with colleagues and clients in new and exciting ways. The integrated solution will be on display at Symphony Innovate 2018.

Symphony was founded in 2014 by a consortium of 15 financial institutions, and has evolved into a powerful integrated messaging platform that offers its clients the ability to quickly and easily build chatbots that connect to other client ecosystem components and trading platforms.

The collaboration with NexJ Systems enables communication with internal and external teams, allows for secure sharing of documents and content, and facilitates meetings with conferencing and screen sharing. Symphony’s open APIs allow for the streamlining and automation of workflows and has been effectively leveraged by NexJ Systems to transform the way users in capital markets and corporate banking communicate effectively and securely with a single workflow application.

“Together, NexJ CRM and Symphony combine to be a powerful productivity tool. Corporate banking firms can leverage Symphony’s powerful messaging capabilities alongside NexJ’s award-winning Intelligent Customer Management software to enhance communication between colleagues and clients thereby improving the customer experience,” says Matthew Bogart, Vice President of Marketing at NexJ Systems Inc.

NexJ CRM integrated with Symphony allows users to see rolled up client revenue from CRM with seamless access to NexJ’s CRM applications and connected information inside Symphony such as client profiles and relationship hierarchies. It also allows users to take advantage of market-leading CRM functionality built specifically for markets and banking, build deep relationships with colleagues, leverage all aspects of NexJ CRM and benefit from an integrated collaboration and client engagement platform on the desktop as well as mobile.

There are also specific advantages in wealth management, as the platform enables financial advisors to offer higher-value added services to scale their business. This can be done by leveraging customized bots to drive advisor efficiency. “Chatbots can also be used to provide real-time performance and planning insights to advisors, depending on future integrations with financial planning software,” says Kelley Byrnes, Senior Analyst at research and advisory firm Celent.

“We are excited to offer the NexJ app to our growing community of users. NexJ is a great fit with Symphony because it offers our customers a seamless platform and world-class user experience. It is a partnership with the potential to change how our clients across capital markets and corporate banking engage with their customers,” says Jonathan Williams, Global Head of Partners at Symphony.

Here are some of the other benefits offered by the platform:

  • Routine tasks can be made fast and easy.
  • Meetings can be booked using NexJ Systems natural language chatbot.
  • Call lists can be built and client profile information accessed for a quick view.
  • Augmentation capabilities allow chatbots to relay real-time intelligence.
  • Events in roadshows can be viewed and free bookings made by a chat assistant.
  • Users get access to Symphony’s Trusted Global Directory.
  • Complex data security and regulatory compliance needs are met by data-sharing in journals.
  • Chats can be leveraged with integrated drag-and-drop document sharing and screen sharing.

Click here to view a demo video of the integrated solution or here to read more about how capital markets and corporate banks can connect, collaborate, and deliver results to internal and external teams through the Symphony integration to NexJ CRM. For more information, please visit www.nexj.com or email info@nexj.com.

About NexJ Systems Inc.

NexJ Systems is a provider of Intelligent Customer Management software for the financial services industry. The Intelligent Customer Management suite is comprised of NexJ’s award winning-products that use artificial intelligence to optimize customer management and increase advisor productivity, and cognitive applications that use machine learning to recommend the right actions to work smarter and faster.

Based in Toronto, NexJ has clients throughout North America, Asia Pacific and in Europe. For more information about NexJ visit www.nexj.com, e-mail info@nexj.com, or call 416-222-5611. Join us on LinkedIn, follow us on Twitter, subscribe to our YouTube channel, like us on Facebook or hang out with us on Google+.

About Symphony

Symphony transforms the way users communicate effectively and securely with a single workflow application. Forging a new path in the industry, Symphony is designed to help individuals, teams, and organizations of all sizes improve productivity while meeting complex data security and regulatory compliance needs. Symphony was founded in October 2014 and is headquartered in Palo Alto, CA, with offices in New York, Hong Kong, Singapore, Paris, Tokyo, Stockholm, Sophia-Antipolis, and London.

For more information, visit www.symphony.com and connect with Symphony on Twitter, Facebook, and LinkedIn.

For more information:
Matthew Bogart
Vice President, Marketing
NexJ Systems Inc.
416-227-3708
Matthew.bogart@nexj.com

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Global financial services firm reports annual ROI of 42 percent deploying NexJ Systems CRM https://www.nexj.com/blog/press-room/global-financial-services-firm-reports-annual-roi-of-42-percent-deploying-nexj-systems-crm/ Tue, 14 Aug 2018 20:00:15 +0000 http://www.nexj.com/?post_type=press&p=4144 NexJ announced today that a report from technology research firm Nucleus Research showed how deploying its software enabled one of the world's largest banking and financial services organizations to report an annual ROI of 42% with a payback period of 2.8 years. Continue Reading Global financial services firm reports annual ROI of 42 percent deploying NexJ Systems CRM

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Investment by one of the world’s largest banking and financial services organizations leads to direct benefits of 57% in terms of productivity and reduced marketing costs

Toronto, ON (August 14, 2018)NexJ Systems Inc. (TSX: NXJ), a provider of intelligent customer management solutions to the financial services industry, announced today that a report from technology research firm Nucleus Research showed how deploying its software enabled one of the world’s largest banking and financial services organizations to report an annual ROI of 42% with a payback period of 2.8 years. It also helped the firm increase data capture by 25 percent, reduce technology costs, increase sales, boost manager productivity and customer satisfaction.

According to the Nucleus report, the firm deployed NexJ Systems’ CRM to replace its aging Oracle Siebel applications, enabling it to improve technology management with a platform that could support new communication channels and embedded analytics and insights. The move allowed it to provide salespeople and managers with capabilities for data-driven decision making, reduce the burden of manual data entry, and support more intelligent interactions with clients with next-best action recommendations gleaned from both internal and external data.

The bank needed an application that could enable it to better differentiate itself with actionable analytics, giving salespeople insights on the next best action needed based on transactional and portfolio data as well as positive or negative news in a specific sector. It chose NexJ Systems over other vendors based on the company’s functional capabilities in specific areas including analytics, administration, mobile, desktop integration, client management, and sales and service delivery, as well as user interface.

“Looking ahead five years, Nucleus sees the full realization of orchestration and the dominance of AI and bots presenting new opportunities – and challenges – for CRM vendors and decision makers,” says Rebecca Wettemann, VP, Research, Nucleus Research. “NexJ Systems’ investments in AI and other edge technologies help it maintain its position as an Expert in the CRM Value Matrix.”

NexJ Systems was chosen for a number of reasons, the most important being the flexibility of its platform that allowed the firm to integrate more easily with its other peripheral systems. Trust shown by other financial firms also made a difference, NexJ has deep domain expertise and experience in deploying large-scale global implementations. NexJ was further able to demonstrate support for regional compliance and cross-border data jurisdiction.

“NexJ Systems is the CRM vendor of choice because, in this scenario, the firm recognized the ability to elimination legacy software license maintenance, redeploy IT and administrative staff and reduce marketing costs. Nucleus expects that productivity improvements will increase over time as use of the system expands,” says Matthew Bogart, Vice President of Marketing at NexJ Systems Inc.

Deployment of NexJ Systems’ platform also enabled the financial firm to report significant benefits in the following areas:

  • Improved technology management.
  • Lower license maintenance and IT support costs.
  • Reduced administrative overhead.
  • Increased sales and manager productivity.
  • Reduced cost of sales and lower client-facing expenses.

Click here to read the complete Nucleus Research report on how deploying NexJ Systems’ CRM enabled this financial services firm to meet its evolving needs and better differentiate itself with actionable analytics. For more information about NexJ’s integrated desktop solutions, please visit www.nexj.com or email info@nexj.com.

About NexJ Systems Inc.

NexJ Systems is a provider of Intelligent Customer Management software for the financial services industry. The Intelligent Customer Management suite is comprised of NexJ’s award winning-products that use artificial intelligence to optimize customer management and increase advisor productivity, and cognitive applications that use machine learning to recommend the right actions to work smarter and faster.

Based in Toronto, NexJ has clients throughout North America, Asia Pacific and in Europe. For more information about NexJ visit www.nexj.com, e-mail info@nexj.com, or call 416-222-5611. Join us on LinkedIn, follow us on Twitter, subscribe to our YouTube channel, like us on Facebook or hang out with us on Google+.

For more information:

Matthew Bogart
Vice President, Marketing
NexJ Systems Inc.
416-227-3708
Matthew.bogart@nexj.com

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NexJ Announces Election of Directors https://www.nexj.com/blog/press-room/nexj-announces-election-of-directors-2/ Fri, 22 Jun 2018 13:23:40 +0000 http://www.nexj.com/?post_type=press&p=4096 NexJ today announced, in accordance with the Toronto Stock Exchange Company Manual, that the nominees listed in its Management Information Circular dated May 11, 2018 were elected as its Directors. Continue Reading NexJ Announces Election of Directors

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Toronto, ON (June 21, 2018) NexJ Systems Inc., (TSX: NXJ), a provider of intelligent customer management solutions to the financial services industry, today announced, in accordance with the Toronto Stock Exchange Company Manual, that the nominees listed in its Management Information Circular dated May 11, 2018 were elected as its Directors.  The directors were unanimously elected by show of hands at the Company’s Annual Meeting held on June 19, 2018.

9,787,227 common shares were represented at the meeting, including 9,706,807 common shares represented by way of proxy and 80,420 common shares in person.

Details of the voting are as follows:

Michael Cardiff          Votes FOR: 9,691,457                              WITHHELD: 1,300

Ian McPhee              Votes FOR: 9,691,457                              WITHHELD: 1,300

William M. Tatham    Votes FOR: 9,691,457                              WITHHELD: 1,300

David Yach               Votes FOR: 9,691,457                              WITHHELD: 1,300

About NexJ Systems Inc.

NexJ Systems is a provider of Intelligent Customer Management solutions for the financial services industry. Individually, NexJ Systems’ award winning products use artificial intelligence to improve customer service and increase advisor and banker productivity.  Together, the Intelligent Customer Management suite delivers a continuously-learning, cognitive application that recommends the right intelligence-augmented actions for users to deliver personalized customer service at scale and grow their business.

Based in Toronto, NexJ Systems has clients throughout North America, Asia Pacific and in Europe. For more information about NexJ Systems visit www.nexj.com, e-mail info@nexj.com, or call 416-222-5611. Join us on LinkedIn, follow us on Twitter, subscribe to our YouTube channel, like us on Facebook or hang out with us on Google+.

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NexJ Systems is Best CRM for Wealth Management https://www.nexj.com/blog/press-room/nexj-systems-is-best-crm-for-wealth-management/ Wed, 13 Jun 2018 13:37:56 +0000 http://www.nexj.com/?post_type=press&p=4061 NexJ was named the overall winner of the XCelent award for Functionality, Service and Client Base in the North American ranking and overall winner for Functionality and Service in the European ranking. Continue Reading NexJ Systems is Best CRM for Wealth Management

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A wealth management focus enables NexJ to deliver intelligent capabilities that help the worlds top firms grow assets under management  

Toronto, ON (June 13, 2018)NexJ Systems Inc. (TSX: NXJ), a provider of intelligent customer management software to the financial services industry, announced today that Celent, a division of Oliver Wyman, has awarded NexJ top honours in its rankings of CRM technology vendors for wealth management in both the North American and European markets.

“NexJ Systems is solely focused on the financial services industry and therefore has strong expertise in wealth management. This is further supported by positive client feedback and its deployments with some of the largest wealth managers.” (Ashley Globerman, XCelent Awards 2018, Ranking the CRM Vendors For Wealth Management, An Overview of the European Market, Celent, April 2018.) Click here to download a free copy.

NexJ was named the overall winner of the XCelent award for Functionality, Service and Client Base in the North American ranking and overall winner for Functionality and Service in the European ranking.

“This recognition is extremely gratifying,” said Paul O’Donnell, President and CEO of NexJ Systems, “From our very first day we set our sights on delivering best-in-class CRM for wealth management. The industry is receptive to our vision, world-class technology, and breadth of functionality and our continuous innovation fosters our long-standing relationships with the world’s leading wealth management firms.”

In the reports, author Ashley Globerman reviews key trends impacting wealth management CRM and evaluates leading vendors serving the European and North American markets. Globerman notes that, “NexJ is one of the industry leaders for its implementation and application of AI (i.e. NLG, chatbots, etc.) across its platform, as well as its digital engagement features, including NexJ Publish, NexJ Prospect, and NexJ Insights.” (Ashley Globerman, XCelent Awards 2018, Ranking the CRM Vendors For Wealth Management, An Overview of the North American Market, Celent, May 2018) Click here to download a free copy.

As a niche provider of CRM for wealth management, NexJ is keenly focused on addressing the needs of advisors by delivering best-in-class functionality and integrating key systems and data. This commitment was apparent to Globerman, who noted that our product development strategy aligns with three major market trends and business needs, namely:

  • Industry-specific capabilities that support the entire financial services client lifecycle
  • Business process automation that automates and embeds best practices in workflows
  • A superior user experience platform that improves productivity and service personalization

“NexJ continually enhances our intelligent customer management software with AI and wealth management-specific functionality so advisors can maximize productivity, easily personalize service at scale, and capture a greater share of wallet,” says Paul DeVriendt, Senior Vice President of Products at NexJ Systems.

Click here to read the North American version of Celent’s report, Ranking of CRM Technology Vendors for Wealth Management and here to read the European version. For more information about NexJ’s integrated desktop solutions, please visit www.nexj.com or email info@nexj.com.

About NexJ Systems Inc.

NexJ Systems is a provider of Intelligent Customer Management software for the financial services industry. The Intelligent Customer Management suite is comprised of NexJ’s award winning-products that use artificial intelligence to optimize customer management and increase advisor productivity, and cognitive applications that use machine learning to recommend the right actions to work smarter and faster.

Based in Toronto, NexJ has clients throughout North America, Asia Pacific and in Europe. For more information about NexJ visit www.nexj.com, e-mail info@nexj.com, or call 416-222-5611. Join us on LinkedIn, follow us on Twitter, subscribe to our YouTube channel, like us on Facebook or hang out with us on Google+.

NexJ Forward-looking Statement

Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on NexJ’s current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. NexJ’s assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see NexJ’s securities filings with the OSC and other securities regulators. NexJ securities filings are available on www.sedar.com. Unless otherwise required by applicable securities laws, NexJ disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For more information:
Matthew Bogart
Vice President, Marketing
NexJ Systems Inc.
416-227-3708
Matthew.bogart@nexj.com

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NexJ Addresses Opportunities for AI in Financial Services through Intelligent Customer Management https://www.nexj.com/blog/press-room/nexj-addresses-opportunities-for-ai-in-financial-services-through-intelligent-customer-management/ Mon, 23 Apr 2018 12:53:20 +0000 http://www.nexj.com/?post_type=press&p=3924 Improving the customer experience with AI requires consistent data, process management, and a pragmatic approach Toronto, ON (April 17, 2018) — NexJ Systems Inc. (TSX: NXJ), a provider of Intelligent Customer Management software, today shared insight into how financial services firms should leverage AI to grow their business. Some firms have already started an AI… Continue Reading NexJ Addresses Opportunities for AI in Financial Services through Intelligent Customer Management

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Improving the customer experience with AI requires consistent data, process management, and a pragmatic approach

Toronto, ON (April 17, 2018)NexJ Systems Inc. (TSX: NXJ), a provider of Intelligent Customer Management software, today shared insight into how financial services firms should leverage AI to grow their business. Some firms have already started an AI journey with roboadvisors managing investments or chatbots providing customer support. With an evolutionary and practical AI strategy, firms can now empower advisors and bankers to better focus interactions to increase market share.

NexJ has been delivering rules-based intelligence in its product suite for more than 10 years, enabling some of the world’s largest financial institutions to differentiate themselves through the delivery of personalized service and a superior customer experience. NexJ’s Intelligent Customer Management suite comprises relationship management, process management, and data management products. The guiding principle behind every NexJ product is to deliver intelligent capabilities that empower bankers and advisors to save time, optimize customer value, and enhance client engagement. We are now progressively introducing machine learning and advanced AI to generate and operationalize deeper, more reliable insights from enterprise data.

NexJ’s Intelligent Customer Management approach begins by integrating any data source, whether internal, such as back-office systems, or external, such as market data, into a comprehensive customer view. A sophisticated rules engine leverages this integration to automate time-consuming tasks and embed best practices into daily activities. For example, firms can use the rules engine to drive recommendations in real time and prompt for next best action.

This intelligent capability, coupled with consistent data, forms the foundation for future deep learning and the application of AI to key business tasks and ensuring regulatory compliance. For example, NexJ provides the capability to select the correct regulatory forms, prefill data from integrated systems and launch dynamic branching approval and follow-up workflows.

According to Ashley Globerman, Wealth Management Research Analyst at Celent, “The automated customization of client performance reports is a feature that separates NexJ from its competitors. Most CRM providers have only begun to add this capability to their roadmaps for 2019 and beyond.”

“What our customers want is for their advisors to have an intuitive user experience that helps them work smarter and faster,” said William M. Tatham, CEO of NexJ Systems. “Our newly added ability to support machine learning to deliver a cognitive application is an exciting step in the advancement of our industry-leading Intelligent Customer Management for financial services.”

About NexJ Systems Inc.

NexJ Systems is a provider of Intelligent Customer Management software for the financial services industry. The Intelligent Customer Management suite is comprised of NexJ’s award winning-products that use artificial intelligence to optimize customer management and increase advisor productivity, and cognitive applications that use machine learning to recommend the right actions to work smarter and faster.

Based in Toronto, NexJ has clients throughout North America, Asia Pacific and in Europe. For more information about NexJ visit www.nexj.com, e-mail info@nexj.com, or call 416-222-5611. Join us on LinkedIn, follow us on Twitter, subscribe to our YouTube channel, like us on Facebook or hang out with us on Google+.

NexJ Forward-looking Statement

Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on NexJ’s current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. NexJ’s assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see NexJ’s securities filings with the OSC and other securities regulators. NexJ securities filings are available onwww.sedar.com.  Unless otherwise required by applicable securities laws, NexJ disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For more information:

Matthew Bogart
Vice President, Marketing
NexJ Systems Inc.
416-227-3708

Matthew.bogart@nexj.com

The post NexJ Addresses Opportunities for AI in Financial Services through Intelligent Customer Management appeared first on NexJ Systems.

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