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Exaxe signs an additional multi-million pound deal with existing client

Exaxe signs an additional multi-million pound deal with existing client

NEWS RELEASE: Dublin, Ireland, 1st December 2011. Exaxe is delighted to announce that it has signed an additional licence deal with an existing client. The deal encompasses the implementation of its leading solution Channel Plus in the UK. The multi-million pound deal demonstrates the value and strength of Channel Plus – the latest addition to the Exaxe Product Suite.

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 and / or 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, respectively.

Philip Naughton, Executive Director of Business Development, commented “We are delighted to sign a further licence agreement with one of our existing clients. This will build our relationship even stronger. It is always a great sign when clients are coming back for more! Work will commence in 2011 and the solution will be fully implemented by July 2012.”

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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