New Integrated Insurance Applications Boost Efficiency, Speed ROI

INFORMATION INDEPTH NEWSLETTERS
Financial Services Edition
June 2009

New Integrated Insurance Applications Boost Efficiency, Speed ROI

Oracle has announced a series of underlying integrations among key insurance applications, expanding on the company’s long-term commitment to provide a portfolio of integrated products for insurance companies. Integrated products can reduce implementation costs and speed the time it takes for companies to realize business benefits from new applications.

The latest series of integrations includes a proof of concept between Oracle Insurance CRM On Demand and Oracle Insurance Data Capture. This combination of applications can help insurers quickly launch new product offerings, open up new business channels, and streamline business processes.

In addition, Oracle Application Integration Architecture (AIA) Foundation Pack for Insurance further helps insurers achieve application cohesion via its prebuilt business methodologies and composite business processes, which allow disparate programs to work as a single unit. Insurance companies can accelerate application integration between Oracle Insurance Claims and Oracle’s PeopleSoft Enterprise or Oracle E-Business Suite Financials to streamline payments and reserve management.

Oracle AIA Foundation Pack for Insurance also helps insurers unify their Oracle and non-Oracle applications portfolio, including new and existing systems; minimize integration costs and risks; and quickly adapt business processes.

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