Open Text, InSystems Extend Partnership for Insurance, Financial Services Companies

Open Text Corporation, a provider of enterprise content management (ECM) software, and InSystems Corporation, a specialist in document and compliance automation for insurance and financial services companies, will extend their eight-year partnership to focus on delivering solutions that improve document processes and regulatory compliance for insurance and financial services companies.
The extension will mean enhanced integration of Open Text's Livelink ECM Solutions with InSystems' products. The solutions will address regulations for managing information on insurance and financial services products as well as requirements for financial reporting. Open Text and InSystems will target insurance and financial services companies in the U.S. and Canada.
The combined offerings will address managing Web pages, ERP content, e-mail, and Word documents in accordance with specialized industry requirements. Compliance requirements for information can be extended consistently across all content while improving the efficiency of operations and reducing costs.
"Improving time to market is a top concern for insurance and financial services companies facing growing regulations for the information they maintain on their products and services," says Joseph McLaughlin, senior vice president of global partners at Open Text. "This combined with other regulations and the complexity of processes in the industry presents a real challenge for these customers. By combining our capabilities with InSystems, we can address these complexities in ways that allow customers to be both compliant and competitive."
As part of the partnership, the companies will work together to identify additional solutions for insurers, combining both companies' technologies, and to expand joint sales and marketing efforts.