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Press
Release
SunSystems
Presence in Insurance Sector Expands;
Strategic Partnership with Scruggs Consulting Established
Partnership will Deliver Better
Business Intelligence and Improved Competitive Advantage
to Insurance Sector CEOs, CFOs
MIAMI, FL - Tuesday, August 20, 2002:
Systems Union Inc., developers of SunSystems, the
leading international financial and business management
solution, today announced a partnership with Texas-based
Scruggs Consulting, a boutique consulting firm that
delivers domain knowledge and technology integration to
companies in the property and casualty insurance and
reinsurance markets.
The partnership will deliver integrated,
state-of-the-art management reporting and analysis capabilities
to the insurance and reinsurance markets. By combining SunSystems'
power and flexibility with Scruggs' domain knowledge, customers
will enjoy solutions that leverage their existing technology
infrastructures to create comprehensive, business intelligence
platforms. These platforms will provide senior property
and casualty managers with the capability to make business
decisions more quickly, confidently, and accurately.
"We believe
there are hundreds of companies in the property and casualty
insurance sector that can benefit from this new partnership,"
suggested Mark Wolfendale, Americas CEO, Systems Union Inc.
"The CEOs and CFOs of these organizations should know
that SunSystems provides the best insurance industry specific
tools available today, designed to help them analyze their
business data, reduce administrative overhead costs, maximize
overall underwriting profits, and accelerate growth of their
market share. Implementing a truly flexible and integrated
management information system plays a big part in overcoming
today's tangled data webs.
Operational and financial data are
the lifeblood of this business, but most companies have
underlying technology architectures that prevent them from
effectively getting at and mining those data. Clearly, companies
that don't improve the basic and fundamental capture, flow,
and structure of their data run the very real risk of losing
market share and being surpassed by their competitors."
By working
together under a referral and support agreement, Scruggs
and SunSystems will deliver unprecedented levels of domain
knowledge and service support for product integration, architecture
design, and technical innovation within the property and
casualty space.
"Most insurance companies with
whom we have worked have highly complex and fragmented systems
architectures that have evolved over many years, not through
the consistent application of systems strategy, but rather
as a by-product of tactical and conflicted business imperatives.
These architectures do not lend themselves easily to the
types of data extraction and transformation needed for effective
financial and management reporting," comments Geoff
Banta, President and CEO of Scruggs Consulting. "That
is where the team of Scruggs and SunSystems comes in. Scruggs
provides the property and casualty and business process
expertise, and SunSystems delivers the porting tools and
financial systems. Together we will provide tailored solutions
for data transformation and financial reporting - solutions
that will deliver productivity and expense improvements,
as well as meet the all-important decision support needs
of our customers. Needless to say, we are very excited about
our new partnership."
"Scruggs' professionals augment
the already significant insurance knowledge of the SunSystems
consulting team. Together, we have worked with every major
insurance company in the Americas. Scruggs has entered into
this partnership with SunSystems, because our solution offers
the strongest mapping and reporting functionality available
to the insurance industry today," adds Wolfendale.
About Scruggs
Consulting
Scruggs Consulting is a boutique
actuarial and information consulting firm that specializes
in the construction, evaluation, and effective deployment
of information and information systems within the property
and casualty insurance industry. The firm was founded in
1991, and has offices in Dallas, Atlanta, and Philadelphia.
Scruggs Consulting has worked directly with several packaged
software system vendors in the marketplace, and their client
list includes many of the largest and most complex insurance
organizations in the property and casualty industry. For
more information about Scruggs Consulting, please visit
its website at www.scruggs.com.
About SunSystems
SunSystems is a financial and business
management software solution used extensively by multi-national
organizations requiring an international product with world-wide
customer support. Products within the SunSystems suite are
available in 30 languages. SunSystems has a truly global
customer base. Installed in 194 countries, it has 250,000
users at over 18,000 customer sites. Customers include one
quarter of the Fortune 500. SunSystems is one of the world's
best-selling and most functional software solutions, offering
platform independence, a flexible structure, superior integration
backed by global support and local understanding. Its suitability
for rapid implementation, with low total-cost-of-ownership
at low risk makes SunSystems the chosen solution for many
of the world's leading organizations. SunSystems offers
specialized solutions to the insurance, oil and gas services,
hospitality and not for profit industries. For more information,
visit www.sunsystemsamericas.com.
About Systems
Union Inc.
Established in 1981, Systems Union Inc. is part of Systems
Union Holdings Ltd. The company has 20 offices worldwide
and over 200 channel partners in 76 countries. Systems Union
has annualized revenue in excess of $110 million and 650
staff worldwide. For more information, visit www.systemsunion.com.
For More Information:
Doug Shirra
recognITion
416.533.7273 x107
dshirra@getrecognition.com
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