Sovereign Trust Insurance (STI) has this week successfully launched ESKADENIA Software’s comprehensive package of General Insurance, Financial, Human Resources, Payroll, Workflow, Document Management and Management Information software systems.
ESKADENIA Software, Amman, Jordan, December 2008
The deployed General Insurance system has been designed to meet the largest set of business requirements in the General Insurance field. The system has been designed to automate the General Insurance life cycles, reduce operational cost, speed up work, maintain historical data and ensure a high level of security.
The new system provides a collaborative environment for information management across the company’s branches and departments and allows users to capture up-to-the-minute information whenever required. The system, in addition, integrates with the General Ledger, Accounts Receivable, Accounts Payable, Fixed Assets, Human Resources, and Payroll modules of ESKADENIA® Business Manager to maintain the needed information and account updates. The package comes along with advanced Workflow, Document Management and Management Information systems to complete the automation of STI’s operations.
Developed using an Object-Oriented programming language and residing on Oracle Database, the web-based applications allow STI employees to define insurance products of multiple classes of business, automatically calculate rates and premiums through the rating engine, and run daily insurance transactions in an efficient and simple manner. Through the systems’ location-independent interface, the company can efficiently handle greater volumes of operations and smoothly manage work processes across a wide range of offices in Nigeria.
The software package also provides users with advanced real-time reports and statistics in the form of charts and diagrams (dash boards) to analyse operational performance and support the decision making process.
“In addition to meeting all the functional specifications and technical capabilities as required by our customer Sovereign Trust Insurance Company, delivering a solution that will strategically position the customer as a market leader in the Insurance Industry was a key focus of the management. We were very impressed with the professionalism and expertise of partner ESKADENIA Software. The project team was highly experienced and committed to achieving all milestones as expected. All customer expectation were achieved in six months and within budget, thus making this project to achieve the fastest successful implementation of Enterprise Insurance Software in Nigeria so far”, said Farouq Omotayo, Managing Director of Technology Bureau Nigeria, ESKADENIA’s partner.