The OIX Announces Enterprise SaaS Platform and additions to the Executive Leadership Team

LOS ANGELES, March 7, 2018 /PRNewswire/ -- The OIX today announced the official release of its Credits and Incentives Management System (CIMS), the world's first and only enterprise class, cloud-based solution for tax credit and incentive management enabling companies to take control and gain visibility into a substantial component of its financial portfolio. The OIX also announced that Ron Bienvenu has joined the company as Interim-CEO. Mr. Bienvenu is software and financial industry veteran with 30 years of experience in enterprise SaaS development, among other areas of technology experience and expertise. The company also announced that OIX co-founder and industry thought leader, Danny Bigel, has assumed the role of Chief Strategy Officer.

In commenting on his new role, Mr. Bienvenu noted, "The OIX and its new CIMS platform addresses a multi-billion dollar industry that is still largely run and managed by spreadsheets and in-house systems. As local, state and federal governments continue to issue an increasing number of incentives to influence local economies, the challenges faced by companies to manage these assets will continue to evolve and grow. Furthermore, the imminent arrival of new compliance regulation through FASB Topic 832 will bring higher levels of reporting requirements that demand an integrated and seamless enterprise solution. The OIX CIMS is that solution and I am very excited to be part of this world class team."

Mr. Bigel added, "For over six years we have been building and evolving an enterprise class solution to address limitations that are inherent with legacy systems. During that time, I have seen the challenges faced by tax and financial professionals as they struggle to perform their jobs in rapidly changing economic and regulatory environments. Our CIMS platform gives these professionals visibility and control over their global credits and incentives portfolio, helping to ensure streamlined workflows, elimination of missed deadlines and the resulting slippage, and robust tools to optimize the value of these assets. Add to that the ability to administer utilization, monetization and its financial impact with precision, and to collaborate with partners, advisors and counter-parties, and the result is a formula for corporate success."  Bigel continued, "As the company is growing at a rapid pace we are delighted to have brought in an operator with Ron's experience. Together we will continue to address the needs of our clients with continuous innovation of our CIMS product including increased functionality as mandated by regulatory demands."

OIX CIMS was designed to serve the needs of companies and advisors, of all sizes, who touch on the lifecycle of the credits and incentive process. An early adopter of The OIX, the CBS Corporation, and its Vice President, Production Tax Incentives Graham Lee stated, "Since seamlessly migrating our portfolio to the OIX Credits & Incentives Management System we immediately experienced greater control of our production incentive assets, eliminated confusion, and gained increased productivity. Real-time analytics and reporting will continue to help the corporation and its business units reduce slippage, maximize value and track pacing with great efficiency. Bravo OIX!"

About the OIX

The OIX is a technology platform and SaaS provider offering cost-effective enterprise solutions that streamline the utilization, reporting, analysis, forecasting, workflow and compliance processes for credits and incentives portfolio management on a global basis.  OIX CIMS empowers its clients to take control of this asset class throughout its lifecycle, and provides A-Z solutions to maximize value and optimize financial results.

Founded in 2012, The OIX set out to build the world's most comprehensive credits and incentives management platform. Recognizing the immense complexity of its goals the firm opted for an "evolutionary" platform development strategy and launched a "marketplace" to allow companies to trade state transferrable tax credits.  This approach allowed the company's platform and integrated technology to advance to its current state of excellence after stress-testing with clients in the real world to address the complex requirements of managing this growing and rapidly changing asset class. 

The OIX's transaction processing systems (developed to run our "marketplace") provides additional solutions and automated back-office tools to brokers, syndicators and intermediaries who offer transactional services to their clients. The company is also incubating the integration of cutting-edge Blockchain technologies to its legacy marketplace systems in order to bring a new level of transparency and efficiency through distributed ledger and smart contract applications.

Danny Bigel
The OIX, Co-Founder & Chief Strategy Officer
2049 Century Park East
Los Angeles, CA 90067
310-407-5200
[email protected]
www.theoix.com

SOURCE OIX

Related Links

http://www.theoix.com