|
ELIOS Technology Beats Competition and Wins New Client, New York Central Mutual Insurance - Significant Operating Cost Reductions Soon Realized
ELIOS technology enables NYCM to cut mailing costs by an estimated 50% compared to manual processing which provides a greater competitive advantage. Companies like NYCM lead the effort to improve service efficiencies while others may find it increasingly difficult to thrive against competitors implementing new technology, like the ELIOS software suite.
San Ramon, CA February 25, 2004 - ELIOS, Incorporated, a leading software provider to the financial and insurance industries, announced today that New York Central Mutual (NYCM) Insurance has selected ELIOS as its exclusive Electronic Loss Payee Notification technology vendor. The ELIOS solution will enable NYCM to cut mailing costs by an estimated 50% compared to manual processing which provides a greater competitive advantage.
Today, reduced profit margins and increased costs are the reality that financial services and insurance companies face in addition to heightened competition. Companies like NYCM, however, lead the effort to improve service efficiencies. Others may find it increasingly difficult to thrive against competitors implementing new technology, like the ELIOS software suite.
The confidence New York Central Mutual has in implementing the ELIOS solution will be immediately validated through the cost savings and increased operational efficiencies, states Jordi Huguet, ELIOS founder and CEO. Clients like New York Central Mutual are industry leaders who will reap first-mover advantages over their competitors and were pleased to be a part of the equation.
Mark Grygiel, NYCMs Assistant Vice President confirms the optimism, ELIOS is very responsive, especially compared to other vendors and based upon the solutions offered, their technology is a good fit. When fully implemented, we expect to save roughly 50% in mailing and administrative costs plus well redirect the efforts of 3 full-time personnel to more productive and fulfilling activities.
New Technology on the Horizon
ELIOS technology has been well received by insurance and financial services firms due to its almost immediate and demonstrable reduction in client operation and administrative costs. Soon, ELIOS will announce more software solutions that work along side the current ELIOS Transfer Utility and Power Search product family.
About ELIOS
ELIOS was founded in 1998 and incorporated in 1999, to fulfill the pent up demand from financial and insurance services companies for Electronic Loss Payee Notification Software Services. The ELIOS solution focuses on customer needs and delivers significant cost savings, increased efficiency, improved accuracy while eliminating manual operations that are error prone and difficult to administer. The ELIOS Electronic Loss Payee Notification Software Services suite has been deployed by a wide-range of insurance and financial services organizations enabling considerable competitive advantages from cost savings in personnel, administration, IT resources, and overhead. Visit ELIOS online at www.elios.us or call for more information, 925-973-0881.
About NYCM
New York Central Mutual, founded in 1899, has earned a financial strength rating of A+ Superior from the trusted source, A.M. Best Company, Inc. NYMC builds lasting customer relationships through focused efforts to promote and enhance services. In addition, NYCM applies leading-edge technologies throughout the company to make every aspect of service to customers and the over 1000 independent agents - from processing policies to handling claims precise and efficient. For more information, visit online at http://www.nycm.com or call 1-888-234-6926.
Company: NYCM
|
| Related press releases |
ELIOS Technology Beats Competition and Wins New Client, New York Central Mutual ... [2004-09-09 00:00:00]
ELIOS technology enables NYCM to cut mailing costs by an estimated 50% compared to manual processing which provides a greater competitive advantage. Companies like NYCM lead the effort to improve serv...
|
|
InformINS Inc. to Provide its e-App System to SCJ Insurance Services Inc. [2004-08-19 00:00:00]
InformINS, Inc., a privately held provider of insurance industry-specific technology products and technology consulting services, today announced that it has licensed the InformINS e-App. This cost-s...
|
|
McObject Adds Support for Green Hills Softwares INTEGRITY® RTOS,Building On Def... [2004-10-06 00:00:00]
McObject and Green Hills Software today announced the immediate availability of McObjects tiny-footprint eXtremeDB in-memory embedded database for Green Hills Softwares industry-leading royalty-free...
|
|
Redtail Technology Announces Strategic Partnership with Laser App Software at NA... [2004-09-09 00:00:00]
Redtail Technology, Inc., provider of innovative web based Client Relationship Management (CRM) solutions for Financial Advisors announced today that it has formed a strategic partnership with Laser A...
|
|
Online Insurance Provider Uses Hosted Software to Manage Marketing Campaigns to ... [2007-11-13 02:42:31]
National Insurance Products uses lead management solution from InsideSales.com to provide individual health and life insurance products to membership groups and large associations
November 13, 2007...
|
|
With Comodo, New York Lottery Wins [2009-04-16 06:17:00]
Jersey City, NJ, April 16, 2009 - The New York State Lottery has decided to secure its online transactions with SSL certificates from Comodo CA.
Comodo is the second-largest issuer of high-assuranc...
|
|
Alphalogix lowers the total cost of enterprise wide instant messaging deployment... [2004-09-05 00:00:00]
Alphalogix, Inc., a leading provider of software solutions and services for the connected enterprise, addresses the high cost of enterprise wide instant messaging deployment and management. With this ...
|
|
eBenefits Direct Leaves VoIP for InsideSales.com Hosted Dialer Technology [2007-11-29 02:22:27]
Online health insurance provider switches away from a competitors VoIP dialer solution in favor of higher voice quality solution from InsideSales.com.
November 29, 2007 Provo, Utah Voice over ...
|
|
IAK Verzekeringen Goes Live with IDIT™ Software Suite [2008-11-24 08:39:34]
November 24, 2008 – IDIT I.D.I. Technologies Ltd., announced today the successful go-live of IDIT™ Software Suite at IAK Verzekeringen, one of the largest independent full-service insurance compan...
|
|
Google Adwords Quality Score - part 2 [2008-12-05 00:19:02]
In this article We will discuss how Google uses the quality score to determine
- First page bid estimate
- Ad Rank
- Cost per click
First page bid estimate
First page bid (previously known ...
|
|
|
|
| Simple Machine Protect |
 Simple Machine Protect is portable antivirus software for your Windows Operating System, built to remove certain variant of virus, worm, trojan and spyware from your computer. Simple Machine Protect is free to distribute, and free to use. |
|
| 123 Flash Chat Software |
 123 Flash Chat Server Software can add a chat room to your website in minutes. It is a live chat solution for networking. It has multiple skins & mutiple chat client, such as iPhone Chat, Avatar Chat, offering seamless integration to your database. |
|
| CRM-Express Professional |
 CRM Software - CRM-Express Professional is the latest in CRM (Customer Relationship Management) software. CRM-Express can manage your marketing, customers, sales and orders. Features include SMS abilities, Email Client, Calendar, Address Book |
|
| Pure SEO CMS |
 Fast, powerful, SEO website builder, optimized CMS, CSS compliant. Fast, client side XML to html engine. Beginners enter content and select design. Experts use their own templates and save time building high quality sites . No online server required. |
|
| DVD-Cloner |
 This easy-to-use powerful burning software gives you the freedom to make perfect 1:1 DVD copy, movie only copy and customized copies.The SmartAnalyser? technology is integrated to ensure the highest level of success copying latest DVD/Blu-ray movies. |
|
| AA Mail Server |
 AA Mail Server (www.aamailsoft.com) is easy-to-use database based mail server for Windows, including advanced features of cost-saving mail mapping mode, sharing one mailbox for customers, UTF8 Webmail server, employee email monitoring etc. |
|
| CloudBerry Explorer for Amazon S3 |
 CloudBerry Explorer is a FREEWARE Windows Client for Amazon S3. CloudBerry Explorer makes managing files in Amazon S3 EASY. By providing a user interface to Amazon S3 CloudBerry lets you manage your files on S3 just as you would on local computer. |
|
|
Latest press releases
