CSC Licenses Exceed Billing Software to Shelter Insurance
News Release -- November 11, 2010
CSC’s Real-Time Billing System to be Implemented for Life, Property & Casualty Insurance Lines of Business
FALLS CHURCH, Va., Nov. 11 – CSC (NYSE: CSC) licensed its Exceed Billing software to Shelter Mutual Insurance Company of Columbia, Mo., to boost the cost-effectiveness of its billing services to insurance customers in more than a dozen Midwestern and Southern states. Under the 11-year agreement, Shelter Insurance will implement Exceed Billing, Exceed Disbursements and Exceed Financial Integrator for all lines of business, including life insurance, as well as personal and commercial property and casualty (P&C) insurance.
Shelter Insurance chose Exceed Billing to replace an existing P&C legacy system and will integrate it with multiple policy administration systems, including CSC’s CyberLife software for life insurance administration. Built on an open, service-oriented architecture, Exceed Billing is a scalable, automated, real-time billing system that processes all bill types and lines of business and can interface with any policy administration system regardless of platform.
“We were seeking a modern, enterprise-wide billing solution that could interface with our existing systems to streamline internal processes and lower operating costs,” said Yvette Gonzales, chief information officer at Shelter Insurance. “Exceed Billing, a function-rich, configurable and scalable solution, will enable us to roll out new billing plans quickly and cost-effectively for all our lines of business.”
“Billing is an insurance company’s most frequent touch point with its customers and one of the most important ways a carrier can distinguish itself in the market,” said Jeffery Schwalk, president of CSC’s Property and Casualty Insurance Division. “Exceed Billing allows carriers to quote and process new customer inquiries within seconds to speed decision-making and responsiveness and, therefore, ultimately boost customer service.”
For more information, visit www.csc.com/exceed.
About Shelter Insurance
Shelter Insurance first opened its doors in 1946, providing affordable auto insurance to Missourians. With a policy of integrity and customer service for the benefit of customers, employees, agents and communities, Shelter has grown to be an industry leader in insurance, financial products, and services. In fact, Shelter is now one of the nation’s most successful and financially sound regional insurance groups, with an international reinsurance operation.
CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions and Services, the Managed Services Sector and the North American Public Sector. CSC’s advanced capabilities include system design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. The company has been recognized as a leader in the industry, including being named by FORTUNE Magazine as one of the World’s Most Admired Companies for Information Technology Services (2010). Headquartered in Falls Church, Va., CSC has approximately 94,000 employees and reported revenue of $16.1 billion for the 12 months ended October 1, 2010. For more information, visit the company’s website at www.csc.com.