SOURCE: FLEXIINTERNATIONAL SOFTWARE, INC.

August 09, 2005 11:24 ET

Flexi's Partner Acturis Implements 230 Clients Within 6 Weeks

Provides a Valuable ASP Service to Insurance Brokers in the United Kingdom

SHELTON, CT -- (MARKET WIRE) -- August 9, 2005 -- FlexiInternational Software, Inc. ("Flexi") (OTC: FLXI) announced today that Acturis was nominated for the "2005 Technology Award" at the British Insurance Awards jointly with Giles Insurance Brokers, for managing to successfully get over 230 members of the Giles team across 18 offices live on Acturis within a 6-week period.

The British Insurance Awards were founded in 1995 as a showcase for excellence in the insurance industry and offers nominations in various categories such as claims, brokers and service providers in the insurance industry. Acturis was nominated in the Technology Award category which is open to any organization that can demonstrate that the application of new information and communications technology has enhanced the quality, efficiency and cost-effectiveness of its business administration.

Theo Duchen, co-CEO of Acturis, comments, "We are very proud to be nominated yet again, and hopefully this year we can go one better and win it. Regardless it is a fantastic achievement. Acturis has been the only software house nominated for any award over the last two years and we feel it is just recognition for what we have achieved over this period."

The insurance sector is notoriously subject to manual duplication of data entry from multiple incompatible systems performing various tasks. Acturis, with the assistance of Flexi, was able to seamlessly integrate the FlexiLedger®, FlexiPayables® and FlexiReceivables® modules into their fully web-deployed broker platform using Flexi's extensive COM technology. This allowed a single data entry point avoiding the fragmented approach which was expensive, prone to errors and had great timing delays in processing the information. The fully integrated Acturis solution removes this risk and is considerably more efficient and cost-effective for insurance brokers.

Because of the flexible technology and solution that Flexi offers, the core financial modules were extended to address the unique requirements of the insurance industry such as insurer reconciliations, effective handling of payment plans and multi-policy invoicing.

"Flexi recognizes the importance of providing flexible accounting solutions and components that can be easily integrated and rapidly deployed with our partners' solutions. We believe the ASP market will continue to grow and with the strength of the Flexi technology, ASP partners like Acturis can easily process thousands of users," said Stefan R. Bothe, CEO of FlexiInternational Software.

About FlexiInternational Software, Inc.

For over a decade, FlexiInternational Software, Inc. has been deploying "Accounting Solutions that Power Business™." Flexi provides a suite of financial applications, accounting components, remote office components and integration tools that are embedded into other vendor solutions and directly sold to the mid-size and enterprise markets around the globe. Flexi prides itself on the strength of its technology foundation which provides seamless integration through Web Services and XML, powerful .Net Smart Client Remote Office Components that are customizable with XML and the processing strength of Visual C++.

Flexi's lower total cost of ownership, rapid deployment, technology strength and flexible functionality have allowed them to successfully compete against other ERP vendors like Oracle/Peoplesoft, Lawson and SAP.

About Acturis Limited

Acturis is a leading Insurance Broker Software House based in the United Kingdom. Acturis currently has over 1,600 users in 100 locations using its powerful insurance broker ASP solution. Acturis combines technology, strategy and operational expertise to provide the most powerful solutions. Many others offer focus exclusively on technology or strategy or operations; however a competitive and changing environment requires a blend of all three elements. For more information, visit www.acturis.com.

Flexi®, the Flexi logo, FlexiFinancials®, FlexiLedger®, FlexiPayables® and FlexiReceivables® are registered trademarks of FlexiInternational Software, Inc. Accounting Solutions That Power Business™ is a trademark of FlexiInternational Software, Inc. All other trademarks or trade names referred to in this press release are the property of their respective owners.

Contact Information

  • Contact:
    Tara Beauchesne
    Company: FlexiInternational Software, Inc.
    Title: Director of Marketing
    Phone: 239-298-5700
    E-Mail: Email Contact
    URL: www.flexi.com