CSC Signs First Software as A Service Client for Legal Management Software
News Release -- November 17, 2011
Society Insurance Chooses Pay-Per-Use Model for Legal Solutions Suite
FALLS CHURCH, Va., Nov. 17 – CSC (NYSE: CSC) today announced it is now offering its comprehensive legal management software, Legal Solutions Suite, as a Software as a Service (SaaS) and has signed Society Insurance of Fond du Lac, Wis., as its first client for the SaaS deployment option. Society, a leading provider of workers’ compensation insurance for a variety of industries in the Midwest, will access the CSC-hosted offering via the Internet to improve transparency and consistency in legal matter planning and bill review.
Legal Solutions Suite helps reduce legal expenses by streamlining and managing collaboration with outside counsel. The new SaaS option offers low operational costs with usage-based pricing and an annual renewable contract term to provide maximum flexibility. Clients are able to access and manage Legal Solutions Suite in a hosted, standardized environment and achieve immediate savings of up to eight percent of total legal spend, without having to license and operate the software in their firms’ data centers.
“Legal Solutions Suite enables Society to decrease storage costs related to invoice management and produce accurate billing reports in a timely manner,” said William Bunzel, manager of Claims, Society Insurance. “By aligning our goals with outside counsel guidelines and using consumption-based pricing offered through the new SaaS option, we are better positioned to control our legal spend.”
“SaaS deployment options present opportunities for companies like Society to modernize processes and increase efficiencies, while reducing costs,” said Jeffery Schwalk, president of CSC’s Property and Casualty Insurance Division. “Legal Solutions Suite is ideal for this new subscription model because companies have the ability to scale up or down easily according to their legal management needs and pay only for what they use.”
CSC’s Legal Solutions Suite software automates core processes and enables legal or claims organizations to lower expenses, simplify the legal billing process, analyze legal invoices, document outside law firm performance and create a collaborative electronic workspace for budgeting, planning and strategy. Legal Solutions Suite keeps companies better informed throughout case management and helps identify firms that consistently drive superior results. For more information, visit www.csc.com/lss.
About Society Insurance
Society Insurance provides business insurance to small-to-midsize niche businesses in Wisconsin, Illinois, Indiana and Iowa. The mutual insurance company targets uncommon programs and products for restaurants, taverns, motels, grocery stores, medical clinics, artisan contractors and cleaning services. For more information, visit www.societyinsurance.com.
About CSC in Financial Services
More than 1,200 major banking, insurance, investment and wealth management, and securities firms rely on CSC’s global financial services team to turn their ambitions into realities. With a track record for delivering software, consulting, and IT and business process outsourcing and services at scale, CSC brings a deep understanding of the financial services business and a collaborative culture to one of the industry’s most engaged client communities. For more information, visit www.csc.com/financialservices.
CSC is a global leader in providing technology-enabled business solutions and services. Headquartered in Falls Church, Va., CSC has approximately 97,000 employees and reported revenue of $16.2 billion for the 12 months ended September 30, 2011. For more information, visit the company’s website at www.csc.com.