|[April 18, 2012]
CSC's Insurance Billing System Named an Industry Leader for North America
FALLS CHURCH, Va. --(Business Wire)--
CSC (News - Alert) (NYSE: CSC) today announced it received the XCelent Functionality
2012 and XCelent Service 2012 awards from Celent, an industry research
and consulting firm, for its Exceed
Billing insurance software. Exceed Billing enables consolidated
billing across multiple market segments, lines of business, distribution
channels and/or policy systems. The awards are based on Celent's
assessment of CSC's configurable, scalable application, as compared to
other offerings profiled in a report titled, "Stand-Alone Billing System
Vendors: North American Property and Casualty Market 2012."
The report uses Celent's proprietary framework called the ABCD Vendor
View to profile and benchmark stand-alone systems in use by property and
casualty carriers. Vendors with the highest score in each category are
recognized as XCelent award winners. CSC's Exceed Billing led the
"Functionality" and "Depth of Service" categories following an analysis
of the functions and features provided in the base offering; the power
and ease of use of rules, workflow and product configuration
capabilities; supported lines of business and number of deployments;
size and experience of CSC's services and support team; and users'
"Approximately 80 percent of our new business starts as a cross-selling
opportunity to existing policyholders," said Greg Clancy, chief
information officer of Indiana Farm Bureau. "With Exceed Billing, we
have tremendous fexibility and are able to customize billing plans to
fit our customers' needs. We can schedule the same due date for all
policies, bundle commercial and personal policies separately or offer
multiple billing schedules according to their wishes."
"These honors stem from CSC's commitment to technology innovation,
enhanced functionality and improved efficiency," said Jeffery Schwalk,
president of CSC's Property and Casualty Insurance Division. "Exceed
Billing provides carriers of all sizes a highly configurable system that
automates billing and collections for all types and lines of business -
enabling the carrier to focus on brand differentiation and speed to
market. Insurers choosing the Software as a Service (SaaS (News - Alert)) deployment
option can be up and running on Exceed Billing in as little as 80 days."
Exceed Billing is a real-time, rules-based billing system for property
and casualty carriers, life insurance and annuity companies and health
insurers. The system's open, service-oriented architecture includes
Web-based configuration capabilities and provides a user-friendly
experience for home offices, agents and customers. Exceed Billing can
bill for both gross and premium net of commission. Authorized users can
easily add new pay plans, expire and replace plans and add new data
fields without IT involvement. Exceed Billing is available with multiple
deployment options, including SaaS, cloud or on premise. For more
information, visit www.csc.com/exceedbilling.
About CSC in Financial Services
More than 1,200 major banking, insurance, investment and wealth
management, and securities firms rely on CSC's global financial services
team to turn their ambitions into realities. With a track record for
delivering software, consulting, and IT and business process outsourcing
and services at scale, CSC brings a deep understanding of the financial
services business and a collaborative culture to one of the industry's
most engaged client communities. For more information, visit www.csc.com/financialservices.
CSC is a global leader in providing technology-enabled business
solutions and services. Headquartered in Falls Church, Va., CSC has
approximately 98,000 employees and reported revenue of $16.0 billion for
the 12 months ended December 30, 2011. For more information, visit the
company's website at www.csc.com.
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