DGAP-News: COR&FJA AG: COR&FJA AG wins major contract from two providers of supplementary pension funds
(firmenpresse) - COR&FJA AG / Contract
20.07.2010 09:04
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COR&FJA AG wins major contract from two providers of supplementary pension
funds
(Leinfelden-Echterdingen, 20.07.2010) - As part of a cooperation, the
providers of supplementary pension funds Rheinische Versorgungskasse (RVK)
and Kirchliche Zusatzversorgungskasse (KZVK) of the German Diocesan
Association have decided to commission COR&FJA AG with the implementation
of COR.FJA Insurance Suite as their policy management and incentive system.
The contract for the project, which began on 1 June 2010, runs for
approximately three-and-a half years and the project volume is a low
double-digit million figure. COR&FJA is now responsible for general project
management, which includes the expansion of COR&FJA standard software and
system installation as well as the comprehensive management of dependent
sub-projects of both pensions funds including the migration of all data.
After successful implementation, all processes dealing with company
pensions for the two million policy-holders and recipients of benefits will
be carried out using the COR.FJA Insurance Suite.
This process was initiated last year when the two providers of
supplementary pension funds commissioned the former COR AG to develop the
required specialist concept. In this connection, COR&FJA - working closely
with the client - has created a specialist concept that is highly
system-neutral for the presentation of all process flows and business rules
for complete and comprehensive business operations. The common objective is
to meet client needs using COR&FJA standard software and its flexible
customising methods.
With regard to the diverse neighbouring systems and client-specific
business rules, the new policy management and incentive system has been
adapted to meet the individual needs of the pension funds providers. The
providers of supplementary pension funds - as is already the case today -
will then use the system communally as part of their IT cooperation and
this system will be further developed by COR&FJA.
During the implementation, COR&FJA will maintain the high level of
automation that the pension funds providers require for optimal and
cost-reflective contract administration of over two million policy holders
and recipients of benefits, for example, via the central reporting system.
Due to the particular business model of providers of supplementary pension
funds, the initial operation of the new system planned for the end of 2013
will not be carried out in stages, but instead all at once, including the
migration of all data and the integration of all neighbouring systems.
With the award of this major contract, COR&FJA is further expanding its
range of products and services in a targeted manner to meet the needs and
functionalities of supplementary pension funds - from communal
administration of data or candidate administration to calculation of fees
and payments to policy-holders. At the same time, the company is increasing
its market share as a provider of standard software for providers of
company pension funds.
The COR.FJA Insurance Suite is a complete solution for insurance companies
and providers of company pension funds, which consists of upgradable and
highly configurable standard software components and fully replicates all
the relevant business processes of a company. The high configurability, the
use of a product server (msg.Produkt Manager) and the modern,
service-oriented technology mean changes can be made rapidly to products
and processes, enabling us to react promptly to client requirements and
market developments.
The COR&FJA Group is one of the leading software and consulting companies
for the European financial services industry, focusing on insurance
companies, banks and providers of company pension funds. The service
spectrum ranges from standard software and provision of consultancy
services to the takeover of IT operations (Application Service Providing).
The COR&FJA Group, which has its head office in Leinfelden-Echterdingen and
offices in Munich, Stuttgart, Düsseldorf, Frankfurt, Hamburg, Kiel and
Cologne, as well as subsidiaries in the Netherlands, Austria, Switzerland,
Slovakia, Slovenia, Portugal and the US, currently employs more than 1,000
staff.
Contact
COR&FJA AG
Corporate Communications
Karlsruher Straße 3
70771 Leinfelden-Echterdingen
Tel. +49 711 94958-0
E-mail: presse(at)cor.fja.com
Internet: www.cor.fja.com
Contact:
Frank Fahrner
COR&FJA AG
Karlsruher Straße 3
70771 Leinfelden-Echterdingen
Germany
Phone: +49 711 94958-730
Fax: +49 711 94958-8730
E-Mail: frank.fahrner(at)cor.fja.com
20.07.2010 09:04 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: COR&FJA AG
Karlsruher Straße 3
70771 Leinfelden-Echterdingen
Deutschland
Phone: +49 (0)711 94958-0
Fax: +49 (0)711 94958-49
E-mail: investor.relations(at)cor.fja.com
Internet: www.cor.fja.com
ISIN: DE0005130108
WKN: 513010
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart, Hamburg
End of News DGAP News-Service
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Datum: 20.07.2010 - 09:04 Uhr
Sprache: Deutsch
News-ID 24130
Anzahl Zeichen: 0
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Kategorie:
Business News
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