25.04.2005 13:31:00
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EasyLink Services Helps Prudential plc Meet the UK Government's Requi
Business Editors/Technology Editors
LONDON--(BUSINESS WIRE)--April 25, 2005--EasyLink Services Corporation (NASDAQ:EASY), a leading global provider of services that power the exchange of information between enterprises, their trading communities and their customers, today announced that Prudential's UK insurance group has chosen EasyLink EDI Service to help it file tax forms electronically in order to meet the Government's May, 2005 deadline. The UK Government has imposed this deadline to encourage all large businesses to file certain tax forms electronically in an attempt to reduce administrative costs and to ensure that payments are made more promptly.
Prudential UK, part of Prudential plc, is a leading life insurance and pensions provider in the UK providing a range of financial products and services including annuities, corporate pensions, with-profits and unit-linked bonds, savings and investments, protection and equity release products. EasyLink's EDI Service reduces the cost, time and complexity associated with the electronic return of these forms. EasyLink's EDI significantly reduces errors due to manual intervention, offers increased security and reliability, allows for forms to be transferred quickly and gives confirmation of receipt of the electronic documents. EasyLink is an approved services provider of the UK Government Inland Revenue Service.
"EasyLink's EDI solution has not only simplified the process of transferring data between ourselves and the Inland Revenue, but as our team no longer needs to re-input the data it significantly reduces the amount of manual intervention involved, therefore allowing us to use valuable resource elsewhere," said Adam Byford, e-Business Strategy Manager, Prudential plc.
"With the Government's deadline looming, businesses need to carefully examine their e-commerce requirements," said Colin Clare, Vice President Sales, EMEA, EasyLink Services. "EasyLink can assist businesses in meeting these new electronic requirements. By outsourcing this to us, we can help them file easily, quickly and securely."
EasyLink's EDI service allows users to send and receive information to and from their own electronic mailbox. EasyLink's network then handles all transfers of information from the sender's mailbox into the Inland Revenue's mailbox. This allows employers and the Inland Revenue to freely exchange information but at the same time avoids giving direct access to each other's internal system. EasyLink Services UK, Ltd. is a major provider of EDI services in the UK and Europe, serving major financial services companies, manufacturers, and retailers.
About EasyLink Services Corporation
EasyLink Services Corporation (NASDAQ:EASY), headquartered in Piscataway, New Jersey, is a leading global provider of services that power the exchange of information between enterprises, their trading communities, and their customers. EasyLink's global network handles over 1 million transactions every business day on behalf of over 60 of the Fortune 100 and thousands of other companies worldwide. We facilitate transactions that are integral to the movement of money, materials, products, and people in the global economy, such as insurance claims, trade and travel confirmations, purchase orders, invoices, shipping notices and funds transfers, among many others. EasyLink helps companies become more competitive by providing the most secure, efficient, reliable, and flexible means of conducting business electronically. For more information, please visit www.EasyLink.com.
This news release may contain statements of a forward-looking nature relating to the future events or the future financial results of EasyLink. Investors are cautioned that such statements are only predictions and that actual events or results may differ materially. In evaluating such statements, investors should specifically consider the various factors which could cause actual events or results to differ materially from those indicated from such forward-looking statements, including the matters set forth in the Company's reports and documents filed from time to time with the United States Securities and Exchange Commission.
--30--MW/ny*
CONTACT: EasyLink Media Contact: Keating & Co. Gene King, 973-966-1100 gking@keatingco.com
KEYWORD: NEW JERSEY UNITED KINGDOM INTERNATIONAL EUROPE INDUSTRY KEYWORD: HARDWARE SOFTWARE NETWORKING INTERNET E-COMMERCE MARKETING AGREEMENTS SOURCE: EasyLink Services Corporation
Copyright Business Wire 2005
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