SOURCE: Versata

October 15, 2008 13:00 ET

Versata Announces Release of Distribution Management Solution™ (DCM) Version 3.4

Customer-Driven Features Include "What If" Analysis, User Productivity Improvements, and NIPR Integration to Accelerate Plan Updates

AUSTIN, TX--(Marketwire - October 15, 2008) - Versata Enterprises, Inc., a leading provider of enterprise software solutions, announces the release of version 3.4 of its Distribution Channel Management (DCM) solution, the leading solution for automating and consolidating compensation, distribution, and credential management for the Insurance, Brokerage, Healthcare, and Financial Services industries. Versata DCM is used by many of the largest insurers in the world as a unified platform for centralizing product distribution, credentialing, and compensation across all business lines.

The DCM 3.4 release includes significant new functionality for each of DCM's three major modules: distributor management, credential management, and compensation. Additionally, enhancements to the integrated reporting and analysis platform allow users to model and test a variety of compensation plans and scenarios. User interface advancements provide a more intuitive user experience and support workflow advancements that simplify common operational tasks.

For customers utilizing DCM's distributor and credential management modules, DCM 3.4 provides numerous enhancements that enable users to make decisions using the most comprehensive, up-to-date National Insurance Producer Registry (NIPR) information. In addition, the new stock chargeback engine (a business rule-driven module) enables managing and recovering annualized debts, helping insurers accelerate the recovery of monies due.

Responding to the growing demand for analytics, DCM 3.4 combines existing compensation, reporting, and analytical functionality to provide business users with "what if" modeling capabilities. Users can analyze the real-time impact of transactions across product lines and distribution channels. The new drill-down transaction manager makes analysis of detailed transactions effortless.

"DCM continues as a leading provider of solutions for complex compensation plans deployed by the world's largest insurance companies. The new improvements in DCM 3.4 drive value to a broader audience by offering critical insights for addressing today's distribution channel challenges and identifying new growth opportunities. Business Leaders, armed with data on growth opportunities, will now use DCM to actively drive the desired behavior in the field," said Frank Kopas, Senior Vice President of Sales at Versata.

"DCM 3.4 delivers on Versata's promise to reduce the total cost of ownership while increasing operational efficiency and improving performance. This release marks a strategic milestone in the DCM Product life cycle, enabling Sales Executives to improve field performance monitoring and make proactive actions to meet sales targets. We expect several customers to immediately begin migrating to the new release, further validating the business value provided," said Leela Kaza, General Manager, Versata Financial Services.

From a certification standpoint, the 3.4 release supports Oracle 10g, providing multi-platform database server options for customers and prospects.

ABOUT VERSATA'S FINANCIAL SERVICES OFFERINGS:

Versata's solution suite for Insurance and Brokerage companies enables large, complex organizations to quickly roll out new sales and marketing strategies through distribution channels and the point of sale, with full capabilities for DCM, policy administration, compensation management, point-of-sale applications, and data analysis. To speed deployment and return on investment, Versata provides a completely configurable, hosted system, supplied and supported on premise or offsite, offering everything including hardware, operating systems, databases, and all third party components. All components are tuned for performance and ease of support on an open source platform.

Versata's comprehensive solutions for Insurance and Brokerage are available today. For more information, visit http://www.versata.com.

ABOUT VERSATA ENTERPRISES, INC.

With a global presence covering 45 countries, Versata Enterprises solves the most complex business problems for the world's largest organizations. Versata Enterprises comprises a number of leading enterprise solution providers, including Versata, Inc., Artemis International Solutions Corporation, Nextance, Inc., Gensym Corporation, Clear Technology, Inc., TenFold Corporation, Evolutionary Technologies, Inc. and Ecora Software, Inc. Versata distinguishes itself in the software industry by focusing on customer priorities as driven by value delivered. Versata's market-leading Customer Success Program ensures customer involvement in product decisions and business priorities and provides a twice-yearly opportunity for customers to score Versata's performance against commitments. Versata's world-class engineering capability ensures substantive and valuable product releases, thereby ensuring customer success. Versata offers customers the opportunity to leverage Versata's global efficiency by offering a menu of services to help customers lower the cost of technology services across the enterprise. Versata's relentless focus on customer priorities, coupled with an unmatched global engineering capability, provides Versata customers continuous innovation and repeatable value propositions. Further information is available at http://www.versata.com.

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