Next release to provide enhanced capabilities for Canadian market
University Park, Ill. � June 12, 2012 � Insurance software company Applied Systems announced it will release Epic® 7, the upcoming version of the insurance industry’s fastest-growing agency and brokerage management system, in the first quarter of 2013.
The release of Epic 7 marks the first time the Epic system will enter the Canadian market. Applied Systems reports that in less than three years in the U.S. market, Epic has been selected by more than 500 agencies and over 17,000 users. Epic’s Microsoft® .NET architecture provides the industry’s only single-system platform, scalable enough to meet a wide variety of needs from mid-sized agencies and brokerages up to the largest enterprise-level organizations. The application’s modern and intuitive interface, based on best-practice workflows, is designed to allow users to streamline business operations.
“Epic is at the heart of our growth strategy,” said James Marek, president of the Stratton Agency in San Carlos, Calif. “A product like Epic can truly change the way your agency operates and make you a much more profitable establishment.”
“Our revenue per employee is almost $240,000,” Marek said. “We are always aware of that number. And now with Epic, we think we can push that number even higher. We’d love to see it go over $300,000. Everything starts with Epic. It’s the foundation of our agency.”
Applied Systems plans for Epic 7 to enter controlled release for early adopters in the first quarter of next year, with general release in the second quarter. The company said Epic 7 will provide enhanced accounting, additional workflow functionality, new reporting capabilities and ACORD form updates.
In addition, Epic 7 will provide enhanced capabilities for the Canadian market, particularly for Ontario and Alberta. The system will provide support for international addressing, Canada-unique accounting capabilities and language features that provide for document distribution in an insured’s native language. The upcoming release will support Canada’s Centre for Studies in Insurance Operations (CSIO) interface and electronic documents, and it will seamlessly integrate with Compu-Quote, Canada’s leader in comparative insurance rating solutions. In late May, Applied Systems acquired Compu-Quote, creating Canada’s largest insurance software organization.
“Providing agencies with the most technologically advanced platform for automating the business of insurance, Epic has quickly become the insurance industry’s fastest-growing agency and brokerage management system,” said Applied Systems CEO Reid French. “Epic’s tremendous success in the U.S. market has driven significant demand from the Canadian market, and we are pleased to introduce Epic in Canada with the release of Epic 7.”
About Applied Systems
Applied Systems is a leading provider of software that powers the business of insurance. The company is recognized as a pioneer in agency management systems and data exchange between agencies, brokers, carriers and their clients. By automating the insurance lifecycle, Applied Systems software enables millions of people around the world to safeguard and protect what matters most. To learn more, please visit www.AppliedSystems.com.