Connective Technologies Enhances TEAM-UP to Support Policy, Billing and Claims Inquiries.Business Editors/High-Tech Writers HOUSTON--(BUSINESS WIRE)--March 5, 2003 Connective connective - An operator used in logic to combine two logical formulas. See first order logic. Technologies Inc., a Houston-based e-commerce solution provider to the insurance industry, today announced that they have completed recent enhancements to the TEAM-UP TEAM-UP Test, Evaluation, Analysis and Management Uniformity Plan product that automate policy, billing and claims inquiries. These inquiries are initiated directly from the agents' desktop agency management system. Support for these inquiry transactions has been added to the TEAM-UP modules that already process new business and quote transactions. TEAM-UP follows the "hybrid" interface approach, which re-uses a company's Web site rather than building, distributing and maintaining company unique edits. Agents have been very receptive to this type of interface because it eliminates the number one complaint of carrier Web sites, which is duplicate entry. This interface approach is also growing among carriers due to the ability to reduce the time to market and lessen vendor dependence. "Connective had several business objectives that we were trying to achieve with this release of TEAM-UP. First, we wanted to make it easy for agents to use. Second, we wanted to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the investment that carriers have been making in their own Web infrastructure. Third, it had to be real-time and eliminate duplicate entry. With this release, we've achieved those goals," states David Hahn This article documents a court case. Information may change rapidly as the case progresses. , V.P. of Business Development for Connective. Connective is a leader in providing hybrid interface solutions. TEAM-UP provides secure, encrypted en·crypt tr.v. en·crypt·ed, en·crypt·ing, en·crypts 1. To put into code or cipher. 2. Computer Science Internet transmissions of policy data and inquiry requests from all of the leading agency management systems in the market. Once the file has reached the carrier, TEAM-UP has extensive integration capabilities built on the WebSphere platform so that the carrier's existing processing infrastructure can be used for such things as real-time rating and issuance. TEAM-UP was introduced to the market in June 2002 and has gained significant traction with carriers. The full implementation of the solution is estimated to take between 4 to 6 weeks per line of business depending on the availability of existing carrier components. About Connective Technologies Inc. Connective Technologies Inc. is a leading provider of e-commerce business solutions for the property and casualty insurance industry specializing in interface solutions for carriers and their agents. Connective has used its years of experience with all leading agency management systems and traditional batch EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. to pioneer the approach and become the leading provider of "Hybrid" interface solutions in the industry. Connective provides implementation services for its flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , TEAM-UP. TEAM-UP includes insurance-specific objects that are designed and written with industry standards such ACORD ACORD Association for Cooperative Operations, Research and Development ACORD Agency for Cooperation and Research in Development ACORD Association de Coopération et de Recherche pour le Développement (French) AL3 and ACORD XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. in mind. The TEAM-UP approach provides a carrier with a rapid time to market and reduced vendor dependence. To learn more about Connective products and services, contact David Hahn at 713/690-6789 x136 or dhahn@connective-edi.com. If you would like to see an online demonstration of TEAM-UP, please contact us so that we can arrange a time that is convenient, or log on to our Web site at www.connective-edi.com to request additional information. We look forward to hearing from you! |
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