Michigan Millers in Production with StoneRiver FAB Billing
Software helps carrier consolidate systems and achieve flexibility
Columbia, SC, August 6, 2009 – StoneRiver, a leading provider of technology and strategic solutions for the insurance industry, announced that Michigan Millers of Lansing, Mich., is in production with the application outsourcing model for StoneRiver’s FAB billing system, version 6.2. FAB is the leading web-based insurance billing system in production at dozens of carriers across the country with others in implementation. The new release uses an upgraded architectural framework, significantly improving performance from the previous release.
“We were extremely pleased when the month-end processing with FAB 6.2 allowed us to complete the monthly cycle in less than 90 minutes,” John Parsons, Controller at Michigan Millers.
“Michigan Millers is our first FAB 6.2 customer in production,” reported StoneRiver – Insurance Solutions President Gary Sherne, “with another scheduled soon. This implementation will help Michigan Millers consolidate platforms and reduce costs. One of the unique advantages of working with StoneRiver is that we are constantly working to enhance the technical infrastructure and functionality of our products throughout the life of our customer contracts. This continual improvement is. a benefit and Michigan Millers’ move to version 6.2 is a great example of that.”
StoneRiver’s Java-based FAB billing system handles the complexities of property-casualty premium billing. FAB supports personal and commercial lines of business in any combination: agency, account, and group/special billing, even with different effective and expiration dates. FAB provides capabilities for agency reconciliation, application tracking, receivable and cash processing, electronic funds transfer and much more.
About StoneRiver – Insurance Solutions
StoneRiver – Insurance Solutions delivers the industry’s widest range of technology solutions and services to insurance carriers, agents, and broker-dealers. This versatile product group encompasses front-office, policy, claim, rating, underwriting, billing, reinsurance, financial and compliance solutions for all major business lines.
About StoneRiver
Hundreds of insurers, thousands of agents and brokers, and tens of thousands of pharmacies rely on StoneRiver software and processing solutions to achieve a competitive edge. StoneRiver promotes client success by streamlining complex business processes. Visit stoneriver.com for more information.
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Additional Contact:
Lori Soppe, VP, public relations
StoneRiver
319-398-0548
lori.soppe@stoneriver.com
