News - partnership with Solcorp
SOLCORP PARTNERSHIP WITH LAVA SYSTEMS INC. PROVIDES LIFE INSURANCE INDUSTRY WITH BROAD RANGE OF COMPLEMENTARY SOFTWARE SOLUTIONS
Two firms will combine LAVA Process Enabler and SOLCORP/INGENIUM
to provide a complete solution for life insurance administration
TORONTO, April 17 /CNW/ - LAVA Systems Inc. (TSE:LVA) today announced
that it had signed a business partnership agreement with SOLCORP that will
result in the integration and enablement of SOLCORP's INGENIUM application for
individual life insurance administration with LAVA's Process Enabler and
Knowledge Management System products.
By using LAVA's Process Enabler products, end users can link information
from SOLCORP / INGENIUM (INGENIUM) databases to documents and templates in
LAVA's Knowledge Management System and popular desktop applications such as
Microsoft Word and Excel. Simple 'actions,' such as the clicking on a toolbar
button, hitting a key, or even receiving work-flow instructions or email can
automatically trigger procedures to populate the policy and compliance
documents that drive the life insurance industry worldwide. This enablement of
the INGENIUM application eliminates tedious manual information searches and
inputting. Savings are further compounded by customer services benefits
achieved by always having the customer's file on hand, whether this is held
within INGENIUM or in related word processing files or documents.
''Our INGENIUM application provides a fully-integrated, online and
real-time processing solution for the complete administration of an insurance
company's individual life, disability income and deferred and immediate
annuity products,'' said Chris Hoar, Senior VP, Product Strategy and Training
at SOLCORP. ''The integration with LAVA's products will increase workflow
capabilities through INGENIUM and will provide new functionality with image
documents to ultimately increase productivity to bring increased power to our
life insurance administration clients.''
''This fit is natural, given SOLCORP's strength in the life insurance
industry and LAVA's tight focus on insurance, witnessed by our dominance in
the United Kingdom insurance market place,'' said Robert Terry, SVP, Chief
Operating Officer, LAVA Systems Inc. ''Our agreement with SOLCORP opens the
door to increased business for both firms, in the life insurance industry
across the globe.''
About The Companies
SOLCORP is an acknowledged leader in providing software solutions and
consultancy services worldwide for the life insurance industry. Many of the
largest life insurance and financial groups have benefited from SOLCORP's
advanced systems, such as SOLCORP / INGENIUM and SOLCORP / APEX. SOLCORP's own
independent financial success is underpinned by EDS, a leader in the global
information services industry with revenues exceeding $15 billion in 1997. The
company's extensive global network and infrastructure serve over 9,000
customers worldwide through operations in 42 countries. SOLCORP's head office
is located at 5925 Airport Rd., Mississauga, Ontario, L4V 1W1, with regional
offices in Montreal, the US, the UK and Australia. SOLCORP can be visited via
the Internet at solcorp.com.
LAVA Systems Inc. (TSE:LVA), based in Toronto, Ontario, Canada, is a
leading developer of award-winning integrated document-based application
enablement solutions for information-intensive enterprises. LAVA provides
organizations, wanting to achieve increased operating efficiencies in critical
functions, premier solutions that integrate electronic document information
and line-of-business applications through a single point of access.
LAVA provides proven solutions that are rapidly deployable, easily
maintainable and that offer enterprise-wide connectivity. LAVA solutions are
also unique in the marketplace, offering a unified information management
solution without expensive coding changes to line of business applications.
LAVA Systems is located at 3300 Bloor St. West, Suite 1900, West Tower,
Toronto, Ontario, M8X 2Z1. Website: lavasys.com
For further information: Martin Owen, VP Corporate Marketing, LAVA
Systems Inc., (416) 236-5282 ext. 2111; Mara Bartolucci, Marketing Manager,
SOLCORP, (905) 676-6390
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