NEWS RELEASE: Dublin, Ireland, 9th February 2012.
Exaxe is delighted to announce that it has secured a new client to licence its Channel Plus Solution. The deal will see the UK based insurer implementing Channel Plus to support its distribution channel across the UK. This multi-million pound deal comes, a matter of months, after the first licence was sold in December, demonstrating the growth and awareness of Channel Plus in the UK life and pensions industry.
Channel Plus is a web-based, automated solution that supports agency and compensation management for the life, pensions and wealth management sectors across all distribution channels. The implementation of Channel Plus enables the client to unify their entire agency and financial advisers’ administration services onto a single platform, yielding operational efficiencies and providing an improved service to all its customers.
This UK insurer will benefit from radically reduced costs through online management and streamlining of the target business model.
By maximising automation and minimising manual interaction, Channel Plus provides the business functionality needed for effective agency management and fee / commission management across multiple distribution channels, supporting regulatory compliance and agency monitoring.
Channel Plus is RDR (Retail Distribution Review) and FoFA (Future of Financial Advisers) compliant thus all Exaxe clients based in the UK and/or Australia will be well-prepared for the upcoming changes in legislation. Its calculation and payment functionality has been extended to cover fee payments as well as commission payments; providing a single solution to support the sale of RDR and non-RDR regulated products for example investments & pension and also protection products.
Philip Naughton, Executive Director of Business Development, commented “We are delighted to sign another licence agreement with a new client. It is a big win for Exaxe to sign this insurer that operates on a global level. We trust that this is a partnership that will grow stronger over the coming years as we help to support their growth and success. Work will commence in April 2012 and the solution will be fully implemented by October 2012.”
Exaxe®, www.exaxe.com is a specialist solution provider for the Life & Pensions industry.
Established in 1997, it has implemented products and has client reference sites in Ireland the UK and the Netherlands. Exaxe markets best-in-class software solutions in the areas of Illustrations, at-retirement policy administration, and distribution management. Its Service Oriented Architecture and component based design has been key to its success.
Tel: +353 1 2999100