Rockville, MD – Jinfonet Software (www.jinfonet.com), the global leaders in embedded J2EE reporting solutions, announced today that Business Data Inc. (BDI), a leading provider of financial document outsourcing, is embedding JReport into its eStatements solution. This enhancement will allow eStatements to provide credit unions with secure, seamless Web delivery of financial documents in compliance with federal Statement on Auditing Standards No. 70 (SAS-70) requirements. SAS-70 is the federal guidance that requires service organizations to demonstrate adequate controls and safeguards when they host or process customer data, and to disclose their processes to customers and their auditors in a uniform reporting format.

“Since the adoption of SAS-70, we could no longer transmit customer data via email,” says BDI’s director of software development, Stacey Taylor. “JReport enables us to deliver eStatements over a secure FTP site and then automatically notifies our clients via email.” To further ensure only authorized access to data, BDI leveraged JReport’s flexible security model by integrating it with their existing security schemes to provide single sign-on capabilities with customized authentication.

Slated for roll-out next month, BDI’s eStatements service now features JReport’s Web-based enterprise reporting, to give credit unions and other financial institutions instant Internet access to a full range of reports pertaining to their customers’ use of online home-banking. Seamlessly embedded within eStatements, JReport Designer and JReport Enterprise Server are also being used by BDI to automate their generation of internal workflow monitoring reports.

BDI’s developers have reported significant time-savings and more precise report development with JReport. Prior to embedding JReport, BDI’s developers would manually update approximately 300 reports every month, writing SQL commands and saving each report to a file that would later be printed and mailed to customers. This process was time consuming and left room for human error. With JReport enabling BDI to automate this process via the Web, BDI’s customers can now access their reports securely online, when they want them. And, they have the ability to change report parameters at runtime in order to get customized, updated information on demand.

“Up to now, all our reporting was done manually,” said Krishna Tummeti, a developer for BDI. “Every month we update eight to ten reports each for some thirty clients. We write the SQL commands and save each report to a file that later gets printed and mailed out. That takes a lot of time and leaves room for human error. With JReport, it’s all automated, so clients won’t have to wait for us. They’ll have access to standard reports online, they can change the parameters at runtime, and they’ll get updated, accurate information whenever they want it.”

About BDI
Headquartered in Inglewood, California BDI was formed in 1984 as a privately held corporation. Along with eStatements, BDI specializes in computer processing, high-speed laser imaging, mail fulfillment and automated high-speed zip-presorting of financial statements and other personalized direct mail applications needed by the credit union industry. Other BDI services include creation and archiving of eDocuments, file archiving via DVD, CD-ROM or graphic design and offset printing, and print warehousing.

About Jinfonet Software
Rockville, Maryland based Jinfonet Software is the leading provider of easily embeddable, highly functional reporting solutions. JReport, the company’s flagship product, is a 100% J2EE reporting solution that embeds seamlessly into any application and delivers actionable reports via the web. Key features include a rich set of APIs for integrating any level of reporting functionality into an application, the ability to access any data source, built-in security with single sign-on capabilities, and the ability to scale through multiple machines or clusters to meet growing reporting needs. JReport’s intuitive design and deployment tools make report creation, review, on-the-fly modification and distribution fast and easy. JReport is in its 7th release cycle and is employed by 1,000,000+ end-users at more than 800 companies worldwide. More information on Jinfonet Software and JReport is available online at www.jinfonet.com.