Mississauga, Ontario Canada, January 22, 2004: Applied Systems Canada, Inc., a leading provider of insurance automation, announced today a partnership with Softext Publishing Inc. Through the new strategic relationship, Applied Systems Canada enhances financial service functionality to Users of The Agency Manager(r) (TAM). Applied’s XML tool kit, Applied ConneXion(r), will power the seamless integration between the Applied and Softext Publishing Inc. software.
Softext’s Axis Administrator is a full-featured management system for mutual/segregated fund dealers and investment firms with integrated front-office and back-office functionality. Administrative staff can easily move from managing client service requests and marketing – to order processing without changing software or interruption.
The TAM integration module streamlines workflows between TAM and Axis Administrator by eliminating the double-entry of data, like:
- Producers
- Commissions
- Products
- Clients and Prospects
- Policies
Equally as important, the integration allows you to work in the program best suited to the specific task. The TAM Integration module assists in the synchronization of data between these systems and streamlines the existing workflow to provide greater efficiency for your business.
“The ability of Axis Administrator to manage virtually any type of investment product and its compliance with IFIC standards and ESG data file formats that allow for electronic wire ordering, automated transaction processing and account management make this software ideal for integration with TAM.” states Terry Welton, President, Softext Publishing Inc.
According to Michelle Cole-Kennedy, Vice President, Client Services at Applied Systems Canada, “Similar to our partnership with CPU Management Inc., partnership with Softext Publishing Inc. allows for a combined effort toward offering the insurance industry a more streamlined workflow and double-entry elimination.”
About Applied Systems Canada, Inc.
Applied Systems is a leading provider of automation solutions for the property and casualty insurance industry. Since 1983, we have been developing software for independent insurance agents, brokers, managing general agents, insurance companies and other financial institutions with insurance operations, such as banks. We have helped over 10,000 clients take their operations to new levels of success with our leading management system The Agency Manager(r). The Diamond System(tm), a policy processing system for insurance companies, and our success in Electronic Data Interchange have propelled Applied Systems as the technology frontrunner of the industry. Combined with our consulting services, rating solutions and third party integration, Applied has the ability to automate the insurance transaction at every level of the distribution system.
About Softext Publishing Inc.
Softext Publishing Inc. is a software development company specializing in management systems for investment and insurance companies since 1987. Softext’s primary product is Axis, a back-office and front-office program used by investment companies across Canada to manage portfolios, produce client statements, process electronic trades and handle the day-to-day operations of fund dealers and securities firms. Softext also develops commercial web sites to automate business processing and enhance corporate marketing.
For more information, visit: www.appliedsystems.com.
