California State Compensation Insurance Fund Selects Information Builders for Business Intelligence System
California's Largest Provider of Workers' Compensation Insurance Enlists Insurance Reporting Foundation Solution for a Single, Consolidated View of the Business
NEW YORK, NY--(Marketwire - October 24, 2007) - Information Builders, the leader in production
business intelligence (BI) systems,
today announced that California's State Compensation Insurance Fund (State
Fund) has selected the company's WebFOCUS Insurance Reporting Foundation
(IRF) solution for its executive decision support (EDS) initiative.
Established by the California Legislature in 1914, State Fund is a
self-supporting, nonprofit enterprise that provides workers' compensation
insurance to California employers at cost, with no financial obligations
passed on to the public. The organization needed a better way for
executives and management to view data for decision-making. State Fund knew
that delivering this depth and breadth of solution would not be easy,
especially for workers' compensation. The objective was to meet all the
specific business needs promptly and with minimal risk. The organization
engaged Gartner, Inc. to lead a rigorous search process that would identify
the best fit for a prebuilt data-warehouse and reporting application
specific to insurance or workers' compensation.
After a due-diligence process that lasted a year and a half, starting with
eight vendors and including written proposals, proof-of-concept
demonstrations, and reference checks, State Fund selected WebFOCUS IRF.
State Fund made its selection on the basis of the solution's off-the-shelf
and workers' compensation capabilities, as well as its fixed price,
scalable nature, and ability to integrate the back-end data ensuring a
consistent view of the business.
"I wasn't sure we could find an off-the-shelf solution that would provide
us with the combination of prebuilt reports and customization we needed,
and still be such an intuitive and easy-to-use tool," said Richard Jenkins,
State Fund's EDSS project manager. "We are currently running reports from
multiple, disparate systems, and we want to move to a more standard mode of
reporting. Information Builders' proposal combined everything we needed
into one solution: industry expertise, low risk, and a scalable
architecture for long-term sustainability of the system."
Designed with and tested by insurance clients in production-application
settings, WebFOCUS IRF consists of a sophisticated insurance-data model, a
robust data-movement module for efficiently scheduled updating of the
database, and a suite of parameterized reporting frameworks designed to
empower the business to answer its own questions without requiring
technical expertise. WebFOCUS provides a controlled process for accessing
the full breadth of insurance-business information, from summary to the
lowest level of detail, to give a single confident view of the insurer.
"State Fund had a unique set of business requirements that required a
vendor who really understood its space, but could also offer a solution
that didn't break the bank the way many customized, vertical applications
do," said Gerald Cohen, CEO and founder of Information Builders. "Our IRF
packages all the strengths of our award-winning business intelligence and
offerings with our industry expertise, into one solution that State Fund
can install, configure, and tailor to accomplish its specific business
About State Fund
State Fund is a self-supporting, nonprofit enterprise that provides
workers' compensation insurance to California employers at cost, with no
financial obligation to the public.
State Fund's focus is on promoting workplace safety and returning injured
employees to work. A market of choice and the safety net for California
employers needing workers' compensation insurance, State Fund has offices
located throughout the state of California.
State Fund has become a model for the workers' compensation industry and
other states by maintaining stability, offering coverage at cost, and
providing required benefits promptly and fairly. Today's emphasis on
customized loss control services, medical-cost management, and anti-fraud
efforts has found a ready audience among California employers seeking the
maximum value for their workers' compensation dollar.
About Information Builders
Information Builders' award-winning combination of business intelligence
and enterprise integration software has been providing innovative solutions
to more than 12,000 customers for the past 30 years. WebFOCUS is the
world's most widely utilized business intelligence platform. It provides
the security, scalability, and flexibility needed at every level of global
extended enterprises. Its simplicity helps create executive, analytical,
and operational applications that reach dozens to millions of users.
Information Builders subsidiary iWay Software provides state-of-the-art,
multi-purpose integration engines that address all SOA, application, data, and information management
requirements. Its integration adapters have been adopted by the leading
software platform providers. Together, these products give Information
Builders' customers the ability to live up to the company motto: Your
business. No barriers.
Information Builders' customers include most of the Fortune 100 and U.S.
federal government agencies. Headquartered in New York City with 90 offices
worldwide, the company employs 1,600 people and has more than 350 business
partners. More information is available at informationbuilders.com.
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