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What’s new in the world of Prelude Software
| Bill Clausen Hosts Panel at IASA 2009 Annual Conference |
| June, 2009 |
| Bill Clausen hosted a panel at IASA’s 2009 annual conference called Payments: What You Don't Know Could be Costing You. After an introductory explanation of the business drivers impacting the insurance industry today, panel members David Lawless from Magna Carta Insurance and Phil Johnston from Colonial Life Insurance shared their payment technology strategies for surviving and prospering during these difficult economic times. Practical ways that technology can be embraced to convert existing back-office cost centers into efficient, automated service centers were reviewed along with new payment technologies such as mobile field payments, debit cards, electronic payment conversion and imaging. |
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| Rising Medical Solutions Selects AutoPilot and Positive Pay Modules |
| March, 2009 |
| Integral parts of any corporation’s agenda today are streamlining processing and reducing risks. Rising Medical Solutions has selected Prelude’s automated processing module AutoPilot® and its Positive Pay module to handle these concerns. AutoPilot enables straight through processing of payments based on Rising Medical’s business rule requirements. The Positive Pay module was added at the same time to increase payment security. PayPilot sends files of issued checks to the bank. Items that are presented for payment are matched against the list of issued checks and any discrepancies are flagged. The flagged items are handled as exceptions and any unauthorized items will not be paid. |
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| ARI Insurance Uses Prelude’s OFAC Module for Compliance |
| February, 2009 |
| Legacy and/or siloed payment infrastructure often cause difficulty staying compliant with regulatory issues. ARI Insurance took advantage of the simple-to-add OFAC module from Prelude Software to comply with federally mandated Patriot Act. The Office of Foreign Asset Control (OFAC) maintains a list of Specially Designated Nationals, Blocked Persons and Contracts. PayPilot’s OFAC module compares a company’s payee list with the OFAC master list to ensure that no payments are made to suspected terrorists. |
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| Glatfelter Insurance and Skechers Expand PayPilot User Licenses |
| January, 2009 |
| Our clients routinely increase the scope of their PayPilot solution by enabling more of their organizations to benefit from its features and benefits. Glatfelter and Skechers, by example, increased the number of their user licenses to further enable streamlined payment processing and simplify their office processes. |
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| Bear River Mutual Insurance Co. Purchases PayPilot |
| October, 2008 |
| Bear River Mutual Insurance Company signed a contract to purchase Prelude’s PayPilot Enterprise Payment Solution to centralize their payment processing. PayPilot will be used to automate check processing, as well as electronic payments and electronic remittance advice. Bank reconciliation and positive pay processing will also be automated. |
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| LA County Selects Prelude to Streamline Back Office Processes |
| July, 2008 |
| LA County signed a contract with Prelude to streamline their back office processes and expedite payments at office locations around the county. Prelude’s PayPilot enterprise payment solution will integrate with the LA County’s CGI eCAPS system incorporating existing business rules and allowing easy tracking of payments from issuance to clearing the bank. PayPilot also enables new banking relationships to be easily integrated into daily workflows. |
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| OMIC and Badger Insurance Upgrade PayPilot Databases to MS SQL |
| January, 2008 |
| Ophthalmic Mutual Insurance Company (OMIC) and Badger Insurance are the two most recent companies to upgrade their PayPilot databases to MS SQL. As companies look to cut costs using straight through processing, PayPilot continues to afford new ways to simplify back office administration so companies can truly execute a once and done processes and extend the life of their existing legacy systems. |
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| Prelude Clients Extend PayPilot Functionality |
| 2008 |
| A significant number of Prelude Software’s clients added new PayPilot functionality in 2008. These clients include AIM, Archdiocese of Boston, ARI, Esurance, Axis Capital, Consolidated Edison, Country Financial, Crawford Companies, US Bank, General Mills, Glatfelter Insurance, Humana, Publix Supermarkets, Southern Farm Bureau, University of Michigan, Wachovia, and Wright Risk Mutual Insurance Company. |
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