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UCT and FIS Software* Partner in Data Migrations
Offer Proven and Affordable Migrations from Legacy Systems to the Technologically Advanced ALIS System
Rochelle Park, NJ - February 22, 2011 - FIS Software Ltd*, a provider of enterprise level end-to-end policy administration systems for life, annuity, pension and health products, Universal Conversion Technologies (UCT), a leading service provider for data conversion and integration in the financial services marketplace, today announced that they have a formed a partnership. The FIS*/UCT partnership offers FIS* ALIS clients the benefit of the combined conversion services and expertise of both organizations.
FIS's* ALIS end-to-end policy administration solution for life, annuity and health and the company's global experience combined with UCT's extensive data conversion expertise and proven data conversion services offers the industry an attractive, proven, and affordable migration path from out of date legacy systems to FIS's* technologically advanced system.
"The partnership with UCT allows us to offer our clients a complement to our conversion offering, with the combination making for the industry's best in conversion services," commented Ron Karam, President FIS* North America. "By leveraging UCT's proven experience, tools, and methodologies, FIS* is able to focus more of our time and effort on our core competencies and the ALIS offering, while continuing to provide our clients with an attractive data migration path for their in-force policies."
Karam continued, "Too often insurers looking to move to modern administration technology view the data conversion for in-force life, annuity or health policies from a legacy administration environment as a major stumbling block. When we partner with UCT our clients are confident in their conversion path, and can focus more of their efforts on taking advantage of all that ALIS offers to help them gain an even greater competitive advantage - from innovative new products to offering new services to their distribution channels and policyholders."
UCT President and Founder Dan O'Hara added, "We are pleased to announce our partnership with FIS* and we look forward to working with the FIS* team to ensure the success of our mutual insurer clients. FIS* has a stated objective to deliver the best conversion services available. We strongly believe that the combination of FIS's* conversion program and our UCT tools, skills and services offer FIS* ALIS client the very best in conversion experience, solutions, and proven results."
About Universal Conversion Technologies (UCT)
Founded in 1992 and headquartered in Dallas, Texas, Universal Conversion Technologies is the leading service provider for data conversion and integration in the financial services marketplace. UCT customers include U.S., Canadian and Asian financial services companies, with more than 60 companies having used UCT's data conversion tools and data migration methodology to implement conversions of millions of policy records -- including related plan and rate file information, agency, billing, claims, policy and client files from most of the packaged financial services administration systems and many home-grown systems, as both the source and target systems. UCT delivers more than just software by offering a total data conversion solution, backed by a solid core of financial services data conversion experts and unprecedented data migration methodology. To learn more information, please call (972) 717-5690.
About FIS Software, Ltd.*
FIS Software is dedicated to developing and delivering enterprise level end-to-end policy administration system solutions to enable insurance and financial institutions to maximize top line growth and operational efficiency. The company's flagship product ALIS is a functionally rich and technologically advanced policy administration platform, which manages the entire lifecycle of life insurance, annuity, pensions, and health products. For more information, please visit the FIS website at www.sapiens.com, email firstname.lastname@example.org or call 201-820-3501.
* Note: FIS Software, Ltd. was acquired by Sapiens in 2011.