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Exaxe announces contract win for its Illustrate Plus solution

Exaxe announces contract win for its Illustrate Plus solution

NEWS RELEASE: Dublin, Ireland, 24th May 2012.

Exaxe is delighted to announce that it has secured another licence sale with its latest client. This new deal encompasses the implementation of Exaxe’s flagship Illustrate Plus solution across the global insurer’s UK operations. Exaxe has already successfully commenced the implementation of its Channel Plus solution with the client, a licence deal which was agreed in February 2012. The implementation of Illustrate Plus will integrate seamlessly with Channel Plus and any existing legacy systems. The solution is scalable and will support the client company as it grows.

Illustrate Plus is a highly flexible, web-based illustrations and quotations solution that supports new and existing business across all products for life, pensions, wealth management, group and individual business.

The implementation of Illustrate Plus will support the provision of web-enabled quotations and illustrations by its financial advisors, customer services staff or indeed by the customer on a self-service basis. Illustrate Plus will also allow the client’s to dynamically modify, update or change its products through the Product Development Application (PDA). This dramatically reduces the time to market for new products and new product variants.

Illustrate Plus simplifies the implementation of regulatory changes and is already RDR (Retail Distribution Review) and FoFA (Future of Financial Advisors) compliant.

Benefits accruing to the client from Illustrate Plus will include improved levels of customer service due to faster turnaround time on service requests, reduced errors and improved quality. Once implemented the client will experience reduced transaction costs and increased process efficiencies by reducing manual processes and duplicate data entry.

Philip Naughton, Executive Director of Business Development, commented “We are delighted to further our relationship with this client by signing an additional product licence agreement. Work will commence in June 2012 and Illustrate Plus will be fully implemented by November 2012. We expect our client to experience remarkable benefits from the implementation of our two most popular products and we look forward to working with them as they continue to grow.”

About Exaxe
Exaxe®, 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.

Media Contact:
Sharon McGuire
Marketing Manager
Tel: +353 1 2999100

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