New Quotation Module and Enhanced Requisitioning Functions added to The FREEDOM Group Purchasing Management System.Business Editors CEDAR RAPIDS Cedar Rapids, city (1990 pop. 108,751), seat of Linn co., E central Iowa, on the Cedar River; inc. as a city 1856. The second largest city in Iowa, it is named for the surging rapids in the river. , Iowa--(BUSINESS WIRE)--Feb. 8, 2000 The FREEDOM Group, a unit of Fiserv, 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 : FISV FISV Fiserv, Inc (stock symbol) ), announced today that it has added a feature-rich quotation module and enhanced a requisitioning module for the company's Purchasing Management system version 5.7, a client/server-based automated procurement solution designed for insurance companies. The new Request for Quotations (RFQ RFQ Request For Quote RFQ Request For Quotation RFQ Request for Qualifications (part of a potential client's preliminary selection process) RFQ Radio Frequency Quadrupole (accelerator technology) ) module helps users determine the best price and terms for an order. RFQs can be sent to vendors and data input from vendors - including prices, discounts, terms, shipping and lead days - can be entered into the system. The system's bid analysis report helps simplify the selection process. RFQ status inquiry provides information on competitive bids, the successful vendor and final PO number. Once the bid is awarded, the system converts the request into a purchase order. Enhancements to the Purchasing Management system's Requisitions module help automate the approval process using a company's e-mail system to notify the appropriate manager that a requisition A written demand; a formal request or requirement. The formal demand by one government upon another, or by the governor of one state upon the governor of another state, of the surrender of a fugitive from justice. The taking or seizure of property by government. is waiting for online review and approval. An item requisition function has been added to the module that allows users to request items directly from existing inventory, provides a pick list for order fulfillment Order fulfillment (in BE also: order fulfilment) is in the most general sense the complete process from point of sales inquiry to delivery of a product to the customer. Sometimes Order fulfillment and updates inventory records. &uot;Automated procurement is an effective way for insurance companies to manage expenses,&uot; said Larry J. Kane, President of The FREEDOM Group. &uot;Most insurance companies realize efficiency gains and cost savings by using an automated procurement system. The FREEDOM Purchasing Management system is designed to work the way procurement professionals think, while providing a cost-effective solution with add-on module flexibility.&uot; The FREEDOM Group specializes in the development of insurance-specific systems and other financial applications. Its financial applications and annual statement system are the most widely used systems in the insurance industry, and both Microsoft and Risk &Insurance magazine have recognized the company's Claims Workstation system as the leading product in its field. Founded in 1986, The FREEDOM Group also offers professional consulting services to assist clients in optimizing FREEDOM software performance and backs the products with responsive, toll-free customer support for a client base in excess of 2,300 companies. Visit the company's Web site, www.freedomgroup.com, for more information. Fiserv, Inc. (NASDAQ:FISV) is an independent, full-service provider of integrated data processing Noun 1. integrated data processing - automatic data processing in which data acquisition and other stages or processing are integrated into a coherent system IDP automatic data processing, ADP - data processing by a computer and information management systems to the financial industry. As a leading technology resource, Fiserv serves more than 10,000 financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. providers worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance companies, mortgage banks and savings institutions. Headquartered in Brookfield, Wisconsin
Brookfield is a city in Waukesha County, Wisconsin, United States. The population was 38,649 at the 2000 census, but the city's population recently exceeded 40,000 people. , Fiserv also can be found on the Internet at www.fiserv.com. |
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