Fiserv has announced the introduction of eFreedom Annual Statement, NAIC filing software, with features that automate complex regulatory functions. Utilizing Microsoft .NET technology, the solution redefines the filing process from a regulatory accountant's perspective.
"It's easy for statutory accountants to recognize eFreedom Annual Statement was created by veteran insurance accountants with an intimate understanding of the intricacies and challenges associated with producing quarterly and annual statements," says Deborah Hopkins, vice president of compliance solutions for Fiserv Insurance. "The screen designs are based on Microsoft Excel, which is intuitive to accountants. We've used automation at every turn to eliminate keystrokes, present an array of statements and pages simultaneously, and provide instant access to underlying data elements and formulas."
eFreedom Annual Statement is designed for enterprisewide deployments with role-based security. Built-in project management features allow the reporting manager to assign pages to individuals and monitor overall progress toward statement completion. The system leverages Web services and promotes real-time collaboration by encapsulating business logic in the server tier and utilizing Microsoft SQL Server as the relational database.
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