CSC's Software Strengthens Ohio National Financial Services Performance

HostReview.com
Friday, July 16, 2004; 12:00 AM

July 16, 2004 – (HostReview.com) –Computer Sciences (www.csc.com) today announced that CSC's nbAccelerator (nbA) software has enabled Ohio National Financial Services to reduce the time to process annuity requirements and enter applications for new annuity policies by 30 percent.

"We're believers in nbA after the significant time savings in this initial implementation," said Al Bowen, Ohio National senior vice president of Information Systems. "The browser-based interfaces in nbA and use of standards like XML and ACORD should also position Ohio National to take advantage of new distribution channels."

nbAccelerator, which CSC introduced in 2003 for life and annuity new business process management and risk assessment, automates application submission, underwriting management, workflow and productivity reporting, and policy issue processing.
By eliminating processing steps, reducing handoffs and automating tasks, nbA decreases the cost of issuing life and annuity contracts while increasing productivity. nbA's automated requirement management capability has eliminated Ohio National's manual processes, improved its forms handling and simplified replacement processing for its annuity products.

"Ohio National's experience shows how using nbA's paperless processing and automated workflows can immediately increase productivity," said Michael W. Risley, president of the Life and Health Division of CSC's Financial Services Group. "This is further evidence that CSC's software products deliver real business value to the insurance industry."

Founded in 1959, Computer Sciences Corporation is a leading global information technology (IT) services company. CSC's mission is to provide customers in industry and government with solutions crafted to meet their specific challenges and enable them to profit from the advanced use of technology.