SOLCORP�s E-LINKS™ software enables segregated funds to be traded on FundSERV
September 14, 2004 � TORONTO, ON � SOLCORP, a leading provider of software solutions to the life insurance and financial industries and a subsidiary of EDS, announced today the successful implementation of SOLCORP / E-LINKS at Empire Financial Group. The solution has allowed Empire to join the growing group of Canadian insurers trading segregated fund products through FundSERV, the leading network service provider for the Canadian investment fund industry.
SOLCORP / E-LINKS is a distribution connectivity software solution that provides a data transmission bridge between the SOLCORP / INGENIUM back-office policy administration system and the FundSERV network. E-LINKS allows insurers to increase their market share by exposing their financial products to new distribution channels through FundSERV. Insurers also reap significant operational efficiencies through the solution by reducing the need for human intervention in fund transactions and accelerating straight-through-processing.
�At Empire Financial Group, a strategic business objective is to extend our distribution reach into the wealth management market in Canada,� said Steve Pong, Vice-President of Individual Marketing and In-force Operations, The Empire Life Insurance Company. �SOLCORP has provided systems and business operations support to Empire�s insurance and investment product launches over the past 16 years. With the successful implementation of SOLCORP / E-LINKS, we can access new distribution channels by offering our highly-regarded segregated funds through the FundSERV network.�
�Our customers want a cost-effective straight-through-processing capability in order to grow their markets without dramatically increasing infrastructure costs,� said Blair Goulet, Senior Vice President, Global Sales and Marketing, SOLCORP. �E-LINKS is one more way that SOLCORP can help our customers increase their market distribution and leverage their investment in INGENIUM.�
SOLCORP, a wholly owned subsidiary of EDS, is a global leader in software solutions and services for the life insurance and wealth management industries. SOLCORP solutions help customers reduce their total cost of administration, accelerate the introduction of new products to the market, and streamline infrastructure through the migration and consolidation of existing products. SOLCORP / INGENIUM® is a high-performance, web services-enabled policy administration system that scales to high-volume environments, providing full-function processing for an extensive range of life and investment products. SOLCORP / ProductXpress™ is a scalable enterprise platform that allows IT to develop and implement reusable calculations across multiple applications.
EDS provides a broad portfolio of business and technology solutions to help its clients worldwide improve their business performance. EDS’ core portfolio comprises information-technology, applications and business process services, as well as information-technology transformation services. EDS’ A.T. Kearney subsidiary is one of the world’s leading high-value management consultancies. With more than $20 billion in annual revenue, EDS is ranked 87th on the Fortune 500 . The company’s stock is traded on the New York (NYSE: EDS) and London stock exchanges. Learn more at eds.com.
About Empire Financial Group
Under the marketing identity of Empire Financial Group, The Empire Life Insurance Company provides solutions for the changing financial security needs of Canadians. Based in Kingston , Ontario , and with sales and marketing offices across the country, Empire offers a range of individual and group insurance and investment products, retirement and corporate services and employee benefit programs. For more information, please visit www.empire.ca.