Omesti: Partnership with Foster Moore will transform SEA business landscape

• Catalyst powers not only business registries, but also occupational registries, trademark registries, and others
• A typical project involves the deployment of an integrated business registry management solution

^{From left: Omesti executive director Gerard Monteiro and Foster Moore VP (Catalyst Consulting) Kim de Moor} 

MALAYSIAN-based Omesti Bhd, a IT solutions provider formerly known as Formis Resources Bhd, has tied up with New Zealand-based Foster Moore to deploy the latter's proprietary electronic registry solution Catalyst across South East Asia and other markets.

Under the partnership, Omesti has been selected as Foster Moore's implementation partner for the region and other markets. The territories include (but not limited to) Singapore, Hong Kong, Vietnam, Myanmar and Malaysia. 

Omesti executive director Gerard Monteiro believes that the partnership will play a role in transforming the business landscape in the region. 

"As stakeholders everywhere push for greater transparency and access to corporate information, the implementation of such robust solution like Catalyst will transform the business landscape...

"Catalyst powers not only business registries at the national level, but also business licensing (federal, state or local government levels), occupational registries (professions and activities that are regulated such as teachers, doctors and auditors), trademark registers, and secured transaction registers," said Monteiro in an email reply to Digital News Asia.

"Once deployed in the national authority, Catalyst allows for seamless integration of activities undertaken after company or business registration, such as tax registration, business licensing and so on. These actions contribute to the overall improvements of the ease of doing business activities within a jurisdiction."

Catalyst provides a generic database structure for multiple registries and seamlessly handles configuration, mapping, workflow and integration. Master templates provide configurable sets of online forms, business rules and workflows that are typical of the majority of statutory registries. This reduces the time and cost of implementation significantly.

The solution administers core functionality and access to shared services such as “search, content and document management, payment, reporting and security“ to deliver integrated, end-to-end solutions.

A typical project involves the deployment of an integrated business registry management solution in full compliance with local statutory requirements. This enables digital management of the entire process of company registration, statutory filing and other corporate reporting.  Data capture is provided over a secure, scalable platform and a powerful on-board data analytics module provides management dashboard, customer insights and statistical analysis.

To date, Foster Moore's clients using Catalysts include: Abu Dhabi Global Market, Companies and Intellectual Property Authority of Botswana, Brunei's Ministry of Finance, Cambodia's Ministry of Commerce, Canadian Securities Administration, Malaysia's Labuan Financial Services Authority, and others.
 
"With a proven technology solution such as Catalyst and an experienced technology partners such as Foster Moore, Omesti believes there is significant potential and value in this partnership given that many countries in South East Asia and the wider ASEAN region operate on a heavily manual basis for corporate registration, statutory filing and other business processes," said Monteiro. 

Catalyst is currently offered to end-users via the licensing model -- organisations buy the software's license and renew it when they need to. Organisations can either host the solution from an on-premise data centre, or even host in Amazon Web Services.  

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