Expanded Rollout Marks First Use of nbAccelerator in Canadian Market
EL SEGUNDO, Calif., April 26, 2004 — Computer Sciences Corporation (NYSE: CSC) today announced that Foresters, a Toronto-based North American financial services organization, has licensed nbAccelerator (nbA), CSC’s new business risk assessment and process management software. Foresters, which is the first Canadian company to license nbA, will use the system to streamline its new business operations.
nbAccelerator automates application submission, underwriting management, workflow and productivity reporting, and policy issue processing for life insurance and annuities. By eliminating processing steps, reducing handoffs and automating tasks, nbA decreases the cost of issuing life and annuity contracts while increasing productivity.
“CSC’s nbA fits well with Foresters’ current five-year program aimed at rebuilding our business architecture by introducing new technologies and simplifying systems integration,” said George Mohacsi, senior vice president, Operations & Technology at Foresters. “When we saw nbA’s capabilities, we were impressed by how CSC’s new business automation and workflow tools fit our own view of how we want to process our business.”
“Since the early 1980s, we have delivered solid business value to Foresters,” said Michael W. Risley, president of the Life and Health Division of CSC’s Financial Services Group. “Now our innovative nbA software will deliver rapid results while advancing Foresters’ vision and long-term strategy.”
Foresters, a financial services organization, provides products such as life insurance and annuities. Its customers become members, and eligible members can enjoy benefits such as competitive scholarships, simply by purchasing a product through Foresters. For 130 years, Foresters’ reputation has been tied to financial strength and commitment to family and community. With almost one million members, Foresters operates in the US, Canada and the United Kingdom. Foresters is a trademark of The Independent Order of Foresters, a fraternal benefit society, 789 Don Mills Road, Toronto M3C 1T9. For more information, visit the company’s Web site at www.foresters.biz.
Founded in 1959, Computer Sciences Corporation is a leading global information technology (IT) services company. CSC’s mission is to provide customers in industry and government with solutions crafted to meet their specific challenges and enable them to profit from the advanced use of technology.
With approximately 90,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC’s own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. Headquartered in El Segundo, Calif., CSC reported revenue of $13.8 billion for the 12 months ended Jan. 2, 2004. For more information, visit the company’s Web site at www.csc.com.