New book by Larry Connors Click here Improve your trading - See how
Leveraging TIBCO iProcess(TM) Suite, TIBCO ActiveMatrix BusinessWorks(TM) and TIBCO BusinessEvents(TM), Santam will create a new claims processing platform over the next 18 months that will form a core part of its Insurance Services Transformation Programme (ISTP). The game-changing programme will involve one of the biggest IT projects the company has ever undertaken and is crucial to the successful upgrade of its customer claims process. The goal of this project is to improve the customer claims experience and increase the efficiency of all related processes, while scaling the claims processing capacity by a factor of two by the end of 2011.
Jan de Klerk, Chief Information Officer, Santam commented: "Thinking Big, which represents one of our company's core values, comes from the ability to innovate and leverage technology for competitive advantage. In a competitive insurance environment we needed a solution which would help drive efficiencies of process, increase our business agility and help to reduce costs. With this next generation implementation, Santam expects to realise productivity benefits of between 30 and 60 percent in selective areas."
Santam selected TIBCO not only because its range of products and solutions could deliver maximum business efficiencies, but following the successful completion of a series of test scenarios which demonstrated its experience and capacity to manage such a large project. TIBCO was also able to ensure that its solutions would be future-proofed and able to not only integrate with existing legacy systems, but also provide the foundation for legacy renewal without the need to 'rip and replace' the aged Adabas Natural platform.
"Organizations need a truly dynamic IT environment that connects disparate elements and delivers a clear, contextual understanding of processes and information in order to employ the right business strategies," said Fabio Pulidori, senior vice president, EMEA Field Operations, TIBCO. "We are very proud that Santam has selected TIBCO as a partner in such a significant IT project. The powerful combination of TIBCO's solutions will ensure that over the coming years Santam will be able to significantly increase the number of claims processed, drive down fraud and improve business efficiency and agility."
About TIBCO
TIBCO's technology digitized Wall Street in the '80s with its event-driven "Information Bus" software, which helped make real-time business a strategic differentiator in the '90s. Today, TIBCO's infrastructure software gives customers the ability to constantly innovate by connecting applications and data in a service- oriented architecture, streamlining activities through business process management, and giving people the information and intelligence tools they need to make faster and smarter decisions, what we call The Power of Now. TIBCO serves more than 3,000 customers around the world with offices in more than 20 countries and an ecosystem of over 200 partners. Learn more at www.tibco.com.
TIBCO, TIBCO ActiveMatrix BusinessWorks, TIBCO iProcess Suite, TIBCO BusinessEvents, The Power of Now, and TIBCO Software are trademarks or registered trademarks of TIBCO Software Inc. in the United States and/or other countries. All other product and company names and trademarks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.
Media Contacts: Mary Jo Rose TIBCO Software Inc. (650) 846-8529 mjrose@tibco.com Katlego Modipane GGi Communications +27 11 728 1363 katlego@ggisa.com
SOURCE: TIBCO Software, Inc.
mailto:mjrose@tibco.com mailto:katlego@ggisa.com
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
