October 5, 2003 DALLAS/FORT WORTH, TX
–
Today PremiumWare, Inc. is announcing
the nationwide release of InsuranceServiceNet.com (ISN), the nation's
premier online, transaction-based premium audit and loss control service. This
new venture represents a major paradigm shift in audit and loss survey
leveraging two proven enterprise applications, PremiumWare and LossWare,
sophisticated workflow design and the Internet as never before. Based on
operational results from current PremiumWare and LossWare clients,
ISN users can anticipate increased efficiency and overall
effectiveness unmatched by any other option. With ISN, previously
under-served small and medium carriers as well as fee service companies can
enjoy the same operational efficiency and effectiveness achieved by the
largest carriers. Every aspect of this new system has been designed to provide
the most cost-effective workflow management available for companies of any
size.
Every company or business unit considering new
technology must cost justify anticipated benefits vs. start-up and on-going
support costs. Cost justification represents a substantial barrier and is
frequently cited as the principal reason companies forego obtaining the most
sophisticated and effective technology available. InsuranceServiceNet
changes everything by specifically eliminating huge start up and ongoing
support cost with its unique transaction based pricing structure.
ISN
users are not required to justify
substantial up-front capitalized expenses or recurring software support fees
providing them a major economic advantage and a straightforward cost to benefit
justification. Unrestricted access to the most sophisticated and effective
technology without traditional cost justification concerns enables carrier
business units and service companies alike to refocus on
profitability.
Business units and service providers will experience an
overall boost to their effectiveness by completely consolidating fragmented
management, reporting and assignment systems. The system's inherent
scalability combined with its use of a secure, encrypted Internet browser
front-end provides all users with flexible nationwide coverage. Carrier
business units will enjoy ISN's end to end automation linking legacy
systems and all associated business units increasing not only the premium
audit or loss control business unit’s ability to effectively respond to work
assignments, but also underwriting, claims and billing. Service companies will
enjoy many of the same automation benefits and work assignments will no longer
be delayed by reliance on conventional paper documents. Integrated reporting
features provide effective field staff management, enhanced carrier
communication and streamlined billing. The automated ISN
network provides a
secure framework for carrier business units and service contractors to act as a
single workforce providing required information, management and reporting as
needed to each authenticated user.
About ISN,
InsuranceServiceNet
ISN , InsuranceServiceNet - Headquartered in
Dallas/Fort Worth, TX and co-located with PremiumWare and LossWare
offices, is an Application Service Provider (ASP) supporting a nationwide
network of premium audit and loss control service companies and carriers.
Based on proven PremiumWare and LossWare software applications, the
ISN solution delivers a cost effective means for carriers and fee
service companies to effectively manage work assignments regionally and
nationally achieving unprecedented operational efficiency and profitability.
Supported by a team of dedicated and experienced programmers, ISN
provides the most reliable, robust and fault tolerant ASP system for the
accomplishment of premium audit and loss control available today. Information on
InsuranceServiceNet can be found at www.insuranceservicenet.com or by contacting ISN
directly at 817.375.9898
