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| November 29, 2007 Release Adds Significant New Functionality and Extends Support for Microsoft and Other Platforms AUSTIN, Texas-Versata Enterprises, Inc., a leading provider of enterprise software solutions, announces the release of version 3.2 of its Distribution Channel Management (DCM) solution, the leading solution for consolidation of compensation, distribution, and credential management for the Insurance and Brokerage industry. Versata DCM is used by many of the largest insurers in the world as a single platform onto which customers centralize management of product distribution management, credentialing and compensation activities, across all lines of business. With the DCM 3.2 release, Versata brings to market significant new functionality in each of DCM’s three major modules: distributor management, credential management, and compensation. In addition, enhancements to the integrated reporting and analytical platform provide new industry-leading functionality for business users to assess compensation and distribution strategies through forecasting, modeling and advanced analytics. The release also includes enhanced support for recent Microsoft technologies such as service-oriented architecture, XML, and additional database and operating system platforms. “Our customers are not only demanding more in terms of functionality for business users to support advanced analytics and reporting, but also the latest in platforms and technologies. We focused this release on delivering high-value capabilities that our clients have requested to ensure we continue to drive down their total cost of ownership while delivering additional business value,” says Frank Kopas, Vice President of Sales at Versata. Responding to the growing demand for analytics, DCM 3.2 takes existing powerful compensation, reporting, and analytical functionality and combines them to enable business users to drive complex “what if” modeling and to create forward-looking forecasts on an unmatched scale. Users can analyze hundreds of millions of transactions across multiple years, products lines, and distribution channels, without purchasing third party software. The DCM 3.2 release also updates the platforms supported by the solution to include the latest versions of supported third party software. This includes Microsoft SQL Server 2005, IBM DB2 9, and PostgreSQL 8.2, running respectively on Microsoft Windows Server 2003, IBM AIX 5.3, and Red Hat Enterprise Linux 5. For customers utilizing DCM’s distributor and credential management modules, DCM 3.2 further automates managing licenses and appointments by allowing the customer to capture a unique interpretation of each states’ insurance regulations. DCM utilizes this information to automate processes such as appointment renewal that would otherwise be manually driven, helping to eliminate the payment of unnecessary renewal fees while also reducing operational costs. The release also provides a number of significant usability enhancements for error management and omissions coverage. Versata's solution suite for Insurance and Brokerage companies enables large, complex organizations to quickly roll out new sales and marketing strategies through distribution channels and the point of sale, with full capabilities for DCM, policy administration, compensation management, point-of-sale applications, and data analysis. To speed deployment and return on investment, Versata provides a completely configurable, hosted system, supplied and supported on premise or offsite, offering everything including hardware, operating systems, databases, and all third party components. All components are tuned for performance and ease of support on an open source platform. Versata's comprehensive solutions for Insurance and Brokerage are available today. For more information, visit http://tinymce.moxiecode.cp/mce_temp_url ABOUT VERSATA ENTERPRISES, INC. With a global presence covering 45 countries, Versata Enterprises solves the most complex business problems for the world’s largest organizations. Versata Enterprises comprises a number of leading enterprise solution providers, including Versata, Inc., Artemis International Solutions Corporation, Nextance, Inc., and Gensym Corporation. Versata distinguishes itself in the software industry by focusing on customer priorities as driven by value delivered. Versata’s market-leading Customer Success Program ensures customer involvement in product decisions and business priorities and provides a twice-yearly opportunity for customers to score Versata’s performance against commitments. Versata’s world-class engineering capability ensures substantive and valuable product releases, thereby ensuring customer success. Versata also offers customers the opportunity to leverage Versata’s global efficiency by offering a menu of services to help customers lower the cost of technology services across the enterprise. Versata’s relentless focus on customer priorities, coupled with an unmatched global engineering capability, provides Versata customers continuous innovation and repeatable value propositions. Further information is available at http://www.versata.com/.
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