BancorpSouth, Landmark Select Finetre for Electronic Annuity Processing.South-Central Financial Holding Company and Integration Services Partner to Deploy AnnuityNet Platform to Reduce Advisors' Order-Entry Time, Increase Processing Efficiency, and Bolster Compliance Automation HERNDON, Va. -- Finetre - a division of Ebix, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :EBIX) - announced today BancorpSouth's agreement to deploy Finetre's industry-leading AnnuityNet Platform to its advisors as part of the firm's efforts to provide state-of-the-art annuity sales and suitability compliance reporting. The implementation will be overseen by Landmark Technology Partners. Finetre provides Web-based annuity and life insurance automation platforms known as AnnuityNet and LifeSpeed. The platforms operate under a SaaS (Software as a Service) business model and enable annuity and life insurance distributors to automate the processing of annuity and life insurance transactions. Finetre's client base includes major US wirehouse broker/dealers, clearing firms, and insurance carriers. BancorpSouth, a leading financial holding company in the south-central US, is well-known for its rapid expansion of both the firm's regional footprint and provision of services. The firm explored annuity sales management Sales Management Role and Goal Importance of sales management is critical for any commercial organization. Expanding business in not possible without increasing sales volumes, and effective sales management goal is to organize sales team work in such a manner that ensures a solutions and chose Finetre for its industry expertise and long history of superior technology deployments. The AnnuityNet implementation is expected to be completed quickly and be in production March 2008. "BancorpSouth's goal is to gain considerable advantages in sales efficiency, compliance, and business control of our annuity operations," said Thomas Howard Thomas Howard may refer to several people, including: Nobles
Please [ improve this article] or discuss the issue on the talk page. industry impressed us. We are confident that our use of AnnuityNet can help us better serve our clients by putting best-of-breed annuity processing and suitability tools in the hands of our Insurance Representatives," said Tom Murry, managing director of BancorpSouth Insurance Services, Inc. The AnnuityNet implementation will be overseen by Landmark, a Massachusetts-based technology firm providing systems consulting support to BancorpSouth. Landmark, which provides Sales and Process Automation, Account Aggregation Account aggregation is a method that involves compiling information from different accounts, which may include bank accounts, credit card accounts, investment accounts, and other consumer or business accounts, into a single place. and Compliance and reporting software The following is a list of notable reporting software. Commercial software
"AnnuityNet is a natural fit with our Gateway technology," said Bruce Graham, executive director for Landmark. "AnnuityNet will augment the many electronic account processing capabilities that we currently provide to banks, broker/dealers, and clearing firms." "We are extremely pleased that BancorpSouth and Landmark have chosen us," said Steve Dunlap, president of Finetre. "We expect our relationship with them to further expand our support of the banking industry, which is an important part of the collective financial services market that we service." About Finetre Founded in 1997, Finetre is the division of Ebix, Inc. that focuses on transaction processing and compliance automation for the financial services industry. Finetre's AnnuityNet Platform currently processes approximately 15,000 annuity transactions with a total value of nearly $1.5 billion for more than 20 brokerage firms each month over the Internet. Finetre's parent company, Ebix, Inc., is a publicly-held corporation (NASDAQ symbol: "EBIX"). For more information, visit http://www.finetre.com. About BancorpSouth Headquartered in Tupelo, Mississippi, BancorpSouth, Inc., (NYSE NYSE See: New York Stock Exchange :BXS BXS Brussels Stock Exchange BXS Bronx X-Ray Server ) is a $13.2 billion financial holding company that operates 290 commercial banking, mortgage, insurance, trust and broker/dealer locations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee and Texas with a staff of approximately 4,000 full-time employees. BancorpSouth and its subsidiaries provide, in addition to traditional banking services, mortgage origination and servicing, student loans, leasing, credit card, trust and fiduciary services, brokerage, investment and insurance services. For more information, visit http://www.bancorpsouth.com. Investment products, including variable annuities Variable annuities Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio. , are offered by BancorpSouth Investment Services, Inc. Insurance products are offered by BancorpSouth Insurance Services, Inc. Both are wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of BancorpSouth Bank. Investment and Insurance products are: NOT FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). Insured - No Bank Guarantee - May Lose Value. About Landmark Technology Partners Landmark provides the financial services market with end-to-end solutions for contact management, account aggregation, electronic form/account processing, workflow and commissions. Landmark specializes in solving front, middle and back-office challenges efficiently. For more information, visit http://www.landmarktechpartners.com. About Ebix Ebix, Inc. is a leading international supplier of software and e-commerce solutions to the insurance industry. Ebix provides a series of application software products for the insurance industry ranging from carrier systems, agency systems and exchanges to custom software development for all entities involved in the insurance and financial services industries. Ebix strives to work collaboratively with clients to develop innovative technology strategies and solutions that address specific business challenges. Ebix combines the newest technologies with its capabilities in consulting, systems design and integration, IT and business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in , applications software, and Web and application hosting to meet the individual needs of organizations. With bases in Singapore, Australia, the US, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. , India and Canada, Ebix employs insurance and technology professionals who provide products, support and consultancy to more than 3,000 customers on six continents. Ebix's focus on quality has enabled it be awarded Level 5 status of the Carnegie Mellon Software Engineering Institute's Capability Maturity Model (CMM (Capability Maturity Model) A process developed by SEI in 1986 to help improve, over time, the application of an organization's supporting software technologies. ). Ebix has also earned ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001:2000 certification for both its development and call center units in India. For more information, visit http://www.ebix.com. |
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