VERTEX, Inc., a provider of services and software to the insurance and financial services industries, has announced the release of a strategic upgrade to its VTXml product suite, which produces and stores ACORD- and NAVA-compliant XML-based transactions and provides the infrastructure to manage the publication of annuity product data.

"Our platform always has simplified the product definition process," says Suzanne Brazeal, assistant vice president of VERTEX. "What our strategic upgrade does is simplify the management of that information by adding maintenance control, a complete product repository, and real-time publishing capabilities."

"This release satisfies two very critical components for our business," Steven Wilson, president and CEO of VERTEX adds. "First, it increases the industry's adoption rate of annuity straight-through processing. Second, it improves usability for those organizations that are working with the ACORD/NAVA standards."

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.