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Bluewolf Announces Insurance and Banking Industry SaaS Solutions

Bluewolf Leverages the Power of Platform-as-a-Service to Build Two New On-Demand Applications Using the Force.com Platform

Bluewolf announced the availability of new insurance and banking industry Software-as-a-Service (SaaS) solutions built on the Force.com platform. Bluewolf has implemented and developed more than 1,000 SaaS solutions for organizations worldwide, including the Royal Bank of Scotland, First Citizens Bank and Hartford Insurance Company.

Financial services are looking to best of breed solutions that enable their teams to get up and running. Return on investment figures for SaaS solutions are powerful, as industry analyst Forrester Research cites a recent 170% return from one bank's deployment of SaaS CRM as representative of typical results.

"We have built a data model for the banking and insurance industries where they can get up and running within weeks, not months or years,” said Randy Rodriguez, Managing Director, Financial Service Innovation, Bluewolf. “The solutions are based on best practices learned while working with numerous leading banking and insurance leaders. The solutions are available today and organizations can be up and running within 45-days."

Bluewolf's Policy Administration Tool for Insurance
The Policy Administration Tool, built on salesforce.com’s Force.com platform, allows insurance organizations to develop and manage RFPs through the entire life cycle, all in one interface and database. The new Policy Administration Tool provides businesses with a 360 degree view of any policy, and increases productivity and collaboration on a policy.

The Insurance platform solution manages complex approvals, quoting, group rates calculations, and integration to back end systems like Oracle. It also tracks changes for compliance and automates commission splits. This solution is meant to replace Excel spreadsheet and Lotus Notes programs.

Relationship Banking Solution
The Relationship Banking Solution was developed for relationship banking and focuses on delivering total pipeline visibility to management. It provides call reporting, manages referrals between business units (Commercial, Private Wealth, Business Banking), helps with relationship plan management and acts as a centralized repository for customer, center of influence, and prospect information.

Banking's dependence upon transactional processing systems has often left companies unable to understand the overall value of a retail customer and to develop relationship strategies to cross-sell along bank product lines. With compliance and security needs projected to consume an increasing share of IT budgets, saavy IT managers are turning to SaaS solutions to drive their customer relationship strategies.

“Now banks and insurance companies can better take advantage of cloud computing with these new SaaS industry solutions, tailored to their needs,” said Eric Berridge, principal and co-founder of Bluewolf. “As a leader in change management and business process consulting, we help organizations leverage the power of SaaS, delivering these new solutions that are cost-effective and easily customized.”

Berridge added, “The Force.com Platform-as-a-Service also combines an intuitive and customizable user interface with Visualforce, plus a framework for development that enabled us to develop these new vertical solutions in weeks not years. In addition, the flexibility of Force.com makes it easy to customize the applications to meet customer needs.”

“Bluewolf’s deep experience and track record of customer success with salesforce.com's Software-as-a-Service applications and Force.com Platform-as-a-Service make them the ideal partner for banks and insurance companies to deliver and implement SaaS and PaaS solutions for our customers,” said Clarence So, Chief Marketing Officer, of salesforce.com. “With two new solutions now available on the AppExchange, Bluewolf will continue to deliver value to our customers.”

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SaaS News Desk trawls information and news sources worldwide for the very latest developments concerning SaaS as a software application delivery model and brings you topical material relevant to the new paradigm in which customers pay not for owning software but rather for using it.

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