POMPANO BEACH, Fla., Nov. 19, 2007 (PRIME NEWSWIRE) -- Blue Frog Solutions, a leading provider of Life & Annuity Solutions for Order Management, Compliance, and straight-through-processing has announced that it has patented a new method and system for creating a composite financial product profile from information received from both a Manufacturer/Carrier and a Distributor.
The method comprises receiving profile information for a financial product from a Manufacturer/Carrier, comparing a second product profile received from a Distributor and dynamically amalgamating them into a single, composite product profile. The composite product profile, which can be provided in any data model or format, can then be used for an order entry or any other system.
"This method and system creates a composite product profile for a financial product without requiring direct coordination between the Manufacturer/Carrier and Distributor, so each can work independently from one another," says Stephen Hoczak, Sr. Sales Engineer of Blue Frog Solutions.
In addition, the method/system does not require a Carrier to create separate product profiles for each Distributor. As a Carrier updates its product profile rules or a Distributor changes its product rules or information, the system automatically creates new composite product profiles based on the latest available information.
Blue Frog Solutions, (www.bluefrogsolutions.com), based in Pompano Beach, Florida, is a leading technology solutions provider and business processing outsourcing (BPO) firm that focuses on the life, annuities and long-term care market. Blue Frog automates both front and back end business processes between Carriers and Distributors with a focus on compliance to create automated business process efficiencies. Blue Frog's solutions are based on the firm's flagship ADMServer Framework software suite. As one of the largest providers of ACORD-based transactions and DTCC solutions, Blue Frog currently provides ADMServer solutions to more than 60 percent of the top 40 life and annuity companies and many of the largest Distributors in the U.S.
The Blue Frog Solutions logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=707