Wednesday, August 26, 2009
To Handle the Financial Crisis - Embrace Technology
A recent report by Celent on “Handling the Crisis: Update on Q1 Insurance Industry Expectations and Strategies” once again reiterates the strong role technology is perceived to play in the insurance industry. We’ve been quite direct in our assessment of...click here for the full blog post
Tuesday, August 25, 2009
CSSI® Recognized as One of the Fastest Growing Private Companies in America
Coconut Creek, Florida, 8/25/2008 — Inc., the major business magazine edited exclusively for CEOs of fast-growing private companies, has recognized Computer Solutions and Software International, Inc® (CSSI®) as one of the fastest growing private companies in America. CSSI has been included in the 2009 Inc. 5000 list showcasing increasing momentum in its business growth.
Inc. magazine today ranked CSSI No. 2804 on its third annual Inc. 5000, an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent-minded entrepreneurs. Consumer electronics maker Vizio, Internet giant GoDaddy, rental car service Zipcar, and beverage maker Honest Tea are among the prominent brands featured on this year's list.
“Savvy trend spotters and those who invest in private companies know that the Inc. 5000 is the best place to find out about young companies that are achieving success through a wide variety of unprecedented business models, as well as older private companies that are still expanding at an impressive rate,” said Inc. 5000 project manager Jim Melloan. “That’s why our list is so eagerly anticipated every year.”
CSSI and its VUE Software division have experienced substantial growth in 2009, strengthening the company’s leadership position as a premier Compensation Management vendor for the insurance and health plan markets. New client additions include several of the country’s largest health, life, and P&C carriers. CSSI has also seen a sustained interest from current clients and the broader insurance and health plan markets for CRM solutions, and has developed out-of-the-box integration with Microsoft Dynamics CRM.
“We’re honored to be recognized by Inc. Magazine.” shared Stephen Bruno, CSSI CEO. “This accomplishment is a direct reflection of our commitment to delivering world-class solutions designed from the ground-up to meet the specific needs of the insurance market.”
The 2009 Inc. 5000, unveiled today on Inc.com, serves as a unique report card on the U.S. economy. Despite the ongoing recession, aggregate revenue among the companies on the list actually increased to $214 billion, up $29 billion from last year, with a median three-year growth rate of 126 percent. The Inc. 5000 are responsible for creating more than 1 million jobs since their founding, making the list perhaps the best example of the impact private, fast-growing companies can have on the economy. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found on Inc.com.
Methodology
The Inc. 5000 is ranked according to percentage revenue growth from 2005 through 2008. To qualify, companies must have been founded and generating revenue by the first week of 2005, and therefore able to show four full calendar years of sales. Additionally, they have to be U.S.-based, privately held, for profit, and independent -- not subsidiaries or divisions of other companies -- as of December 31, 2008. Revenue in 2005 must have been at least $200,000, and revenue in 2008 must have been at least $2 million. The top 10 percent of companies on the list comprise the Inc. 500, now in its 28th year.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 712,961, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at Inc.com.
About CSSI® and VUE Software®
VUE Software® is the product division of Computer Solutions and Software International dedicated to providing industry-specific business technology solutions to companies in the insurance, healthcare, and construction verticals. Because they are tailored to the needs of these particular industries, our solutions are different from one-size-fits-all performance management and compensation suites such as enterprise incentive management (EIM) and sales performance management (SPM) solutions. VUE Software’s solutions allow companies to manage strategic incentive plans, automate producer administration and organize complex data and contractor policies, resulting in greater administrative efficiency and improved sales performance. For more information about VUE Software, please call 1.877.4.VUESOFT or visit www.vuesoftware.com
Media Contact:
Stephanie Castro
954-419-1008 x101
4800 Lyons Technology Parkway, Suite 4
Coconut Creek, FL 33073
CSSI and VUE Software are registered trademarks of Computer Solutions & Software International, Inc. All other registered trademarks, trademarks or service marks belong to their respective companies.
Inc. magazine today ranked CSSI No. 2804 on its third annual Inc. 5000, an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent-minded entrepreneurs. Consumer electronics maker Vizio, Internet giant GoDaddy, rental car service Zipcar, and beverage maker Honest Tea are among the prominent brands featured on this year's list.
“Savvy trend spotters and those who invest in private companies know that the Inc. 5000 is the best place to find out about young companies that are achieving success through a wide variety of unprecedented business models, as well as older private companies that are still expanding at an impressive rate,” said Inc. 5000 project manager Jim Melloan. “That’s why our list is so eagerly anticipated every year.”
CSSI and its VUE Software division have experienced substantial growth in 2009, strengthening the company’s leadership position as a premier Compensation Management vendor for the insurance and health plan markets. New client additions include several of the country’s largest health, life, and P&C carriers. CSSI has also seen a sustained interest from current clients and the broader insurance and health plan markets for CRM solutions, and has developed out-of-the-box integration with Microsoft Dynamics CRM.
“We’re honored to be recognized by Inc. Magazine.” shared Stephen Bruno, CSSI CEO. “This accomplishment is a direct reflection of our commitment to delivering world-class solutions designed from the ground-up to meet the specific needs of the insurance market.”
The 2009 Inc. 5000, unveiled today on Inc.com, serves as a unique report card on the U.S. economy. Despite the ongoing recession, aggregate revenue among the companies on the list actually increased to $214 billion, up $29 billion from last year, with a median three-year growth rate of 126 percent. The Inc. 5000 are responsible for creating more than 1 million jobs since their founding, making the list perhaps the best example of the impact private, fast-growing companies can have on the economy. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found on Inc.com.
Methodology
The Inc. 5000 is ranked according to percentage revenue growth from 2005 through 2008. To qualify, companies must have been founded and generating revenue by the first week of 2005, and therefore able to show four full calendar years of sales. Additionally, they have to be U.S.-based, privately held, for profit, and independent -- not subsidiaries or divisions of other companies -- as of December 31, 2008. Revenue in 2005 must have been at least $200,000, and revenue in 2008 must have been at least $2 million. The top 10 percent of companies on the list comprise the Inc. 500, now in its 28th year.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 712,961, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at Inc.com.
About CSSI® and VUE Software®
VUE Software® is the product division of Computer Solutions and Software International dedicated to providing industry-specific business technology solutions to companies in the insurance, healthcare, and construction verticals. Because they are tailored to the needs of these particular industries, our solutions are different from one-size-fits-all performance management and compensation suites such as enterprise incentive management (EIM) and sales performance management (SPM) solutions. VUE Software’s solutions allow companies to manage strategic incentive plans, automate producer administration and organize complex data and contractor policies, resulting in greater administrative efficiency and improved sales performance. For more information about VUE Software, please call 1.877.4.VUESOFT or visit www.vuesoftware.com
Media Contact:
Stephanie Castro
954-419-1008 x101
4800 Lyons Technology Parkway, Suite 4
Coconut Creek, FL 33073
CSSI and VUE Software are registered trademarks of Computer Solutions & Software International, Inc. All other registered trademarks, trademarks or service marks belong to their respective companies.
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Wednesday, August 19, 2009
Accurate, Accessible Data Critical to Insurance Compensation Management
Comprehensive data used in the right way helps to precisely analyze commission payment data and reassess incentive plans along with changing market scenarios. From a management perspective, precise analysis of commission spending is necessary to reduce company expenses and enact...click here for the full blog post
Wednesday, August 12, 2009
Flying Food for Thought for the Insurance Industry
Terrafugia, founded by MIT-trained aeronautical engineers and MBAs, has developed a revolutionary new dual-purpose vehicle- The Transition® Roadable Aircraft.Spare a thought to the implications this vehicle may have on the insurance industry... click here for the full blog post
Wednesday, August 5, 2009
Construction Risk Partners chooses VUE Wrap-Up Management as the foundation for their Wrap-Up Insurance Programs
Coconut Creek, Florida, 8/5/2009 – Construction Risk Partners, a large New Jersey-based provider of construction insurance and surety brokerage services, has chosen VUE Wrap Up Management® to manage their Wrap-Up Insurance Programs. Construction Risk Partners have decided that VUE Wrap-Up Management will help them increase their operational efficiency, adaptability and agility to grow their business.
“VUE Wrap-Up Management is a solution that helps control the organization of contracts, policies and sub-policies for wrap-up insurance programs”, said Stephen Bruno, president and CEO, of CSSI. “There is a real need for such a tool in the industry and our product offers the proven technology, architecture and key benefits Construction Risk Partners were looking for.”
With VUE Wrap-UP Management, Construction Risk Partners has the capability to efficiently and effectively manage all areas of a wrap-up program: enrollments and payroll, policy documentation, loss information, coverage tracking, renewals, storage of safety reports, etc. - in an easily accessed web-based system. The solution allows for streamlined internal operations, cost benefits and productivity gains for both Construction Risk Partners and their clients.
Other key benefits that VUE Wrap-Up Management creates for Construction Risk Partners are:
VUE Wrap-Up Management includes functions for each of the functional sectors of the department; underwriting, project coordination, CCIP/OCIP administration, loss control, management tracking and reporting. Construction Risk Partners will benefit from the capabilities VUE Wrap-Up Management delivers and plans to leverage the system to maintain its leadership position in the industry.
About Construction Risk Partners
Construction Risk Partners has a rich history of providing construction insurance and surety services. Growing out of one of the largest providers of construction insurance and surety brokerage services in the country, Construction Risk Partners is a group of individuals with a collective 100 plus years of specialized experience in bonding and insuring billions of dollars in construction projects. Construction Risk Partners’ people boast a varied pool of knowledge, from technical and creative program design, to pragmatic and sound surety advice, exemplary client advocacy, and quality claim and loss control. Construction Risk Partners’ mission is to attract the best customers by delivering the best service at the best value, with the best strategic partners. For more information, please visit www.constructionriskpartners.com
About CSSI® and VUE Wrap-Up Management®
VUE Software® is the product division of Computer Solutions and Software International dedicated to providing industry-specific business technology solutions to companies in the insurance, healthcare, and construction verticals. Because they are tailored to the needs of these particular industries, our solutions are different from one-size-fits-all performance management and compensation suites such as enterprise incentive management (EIM) and sales performance management (SPM) solutions. VUE Software’s solutions allow companies to manage strategic incentive plans, automate producer administration and organize complex data and contractor policies, resulting in greater administrative efficiency and improved sales performance. For more information about VUE Software, please call 1-877-4-VUESOFT or visit www.vuesoftware.com
VUE Wrap-Up Management is a dynamic, purpose-designed tool to effectively manage the Owner Controlled Insurance Program (OCIP)/Contractor Controlled Insurance Program (CCIP) insurance lifecycle and streamline the policy administration process. VUE Wrap-Up Management is powerful enough for large project coordination, but is affordable and adaptable to the requirements of smaller TPA’s and owners.
Media Contact:
Stephanie Castro
954-419-1008 x101
4800 Lyons Technology Parkway, Suite 4
Coconut Creek, FL 33073
CSSI® and VUE Software® are registered trademarks of Computer Solutions & Software International, Inc. All other registered trademarks or service marks belong to their respective companies.
“VUE Wrap-Up Management is a solution that helps control the organization of contracts, policies and sub-policies for wrap-up insurance programs”, said Stephen Bruno, president and CEO, of CSSI. “There is a real need for such a tool in the industry and our product offers the proven technology, architecture and key benefits Construction Risk Partners were looking for.”
With VUE Wrap-UP Management, Construction Risk Partners has the capability to efficiently and effectively manage all areas of a wrap-up program: enrollments and payroll, policy documentation, loss information, coverage tracking, renewals, storage of safety reports, etc. - in an easily accessed web-based system. The solution allows for streamlined internal operations, cost benefits and productivity gains for both Construction Risk Partners and their clients.
Other key benefits that VUE Wrap-Up Management creates for Construction Risk Partners are:
- Objects are easily customized
- Secure
- Automated communication (fax, email, pre formatted letters)
- Powerful reporting system
- Standards-based interfaces (XML, ACORD, text)
- Web-based user interface
VUE Wrap-Up Management includes functions for each of the functional sectors of the department; underwriting, project coordination, CCIP/OCIP administration, loss control, management tracking and reporting. Construction Risk Partners will benefit from the capabilities VUE Wrap-Up Management delivers and plans to leverage the system to maintain its leadership position in the industry.
About Construction Risk Partners
Construction Risk Partners has a rich history of providing construction insurance and surety services. Growing out of one of the largest providers of construction insurance and surety brokerage services in the country, Construction Risk Partners is a group of individuals with a collective 100 plus years of specialized experience in bonding and insuring billions of dollars in construction projects. Construction Risk Partners’ people boast a varied pool of knowledge, from technical and creative program design, to pragmatic and sound surety advice, exemplary client advocacy, and quality claim and loss control. Construction Risk Partners’ mission is to attract the best customers by delivering the best service at the best value, with the best strategic partners. For more information, please visit www.constructionriskpartners.com
About CSSI® and VUE Wrap-Up Management®
VUE Software® is the product division of Computer Solutions and Software International dedicated to providing industry-specific business technology solutions to companies in the insurance, healthcare, and construction verticals. Because they are tailored to the needs of these particular industries, our solutions are different from one-size-fits-all performance management and compensation suites such as enterprise incentive management (EIM) and sales performance management (SPM) solutions. VUE Software’s solutions allow companies to manage strategic incentive plans, automate producer administration and organize complex data and contractor policies, resulting in greater administrative efficiency and improved sales performance. For more information about VUE Software, please call 1-877-4-VUESOFT or visit www.vuesoftware.com
VUE Wrap-Up Management is a dynamic, purpose-designed tool to effectively manage the Owner Controlled Insurance Program (OCIP)/Contractor Controlled Insurance Program (CCIP) insurance lifecycle and streamline the policy administration process. VUE Wrap-Up Management is powerful enough for large project coordination, but is affordable and adaptable to the requirements of smaller TPA’s and owners.
Media Contact:
Stephanie Castro
954-419-1008 x101
4800 Lyons Technology Parkway, Suite 4
Coconut Creek, FL 33073
CSSI® and VUE Software® are registered trademarks of Computer Solutions & Software International, Inc. All other registered trademarks or service marks belong to their respective companies.
###
Why More Insurers are adopting Complete Commissions and CRM Solutions?
More forward-thinking carriers are looking to implement a comprehensive strategy; a fully-integrated approach that manages the entire sales cycle from point of contact, to online enrollment, to paying broker commissions and managing renewals. This approach is readily attainable with the integration between CRM solutions and commission systems, since companies would have their products, insureds, policies, groups and producers all in one place... click here for the full blog post
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