ProductXpress
EDS SOLCORP / ProductXpress™ is a fully integrated software suite that helps financial organizations accelerate the introduction of new financial products.
Today's competitive insurance environment requires the ability to rapidly define new product characteristics with minimal time and expense. One of the most significant items on the critical path during the insurance product development cycle is systems development and implementation. Traditional system limitations are unacceptable. ProductXpress reduces the time and expense related to these activities and enables rapid product introduction.
ProductXpress Version 3
ProductXpress Version 3 represents a significant update to ProductXpress. By adopting UML modeling principles and further extending possibilities for calculations modeling, we've increased the range of industries and products that can be modeled in ProductXpress.
Take It With You
A scalable, enterprise-ready product design and calculation tool, ProductXpress provides product development professionals with a more collaborative means to model, test, implement and re-use calculations and product rules across multiple applications.
Calculator
The key focus of the EDS SOLCORP / ProductXpress solution is its Calculator – a powerful mathematical calculator that can be executed from multiple production systems – ensuring exactly the same results wherever the calculation is deployed. A multifunctional deployment of the Calculator creates a single point of reliability: calculations are performed centrally with consistent results. The Calculator combines the highest level of reliability with scalability for exceptional performance.The Calculator is easily integrated for use by enterprise systems through ProductXpress Calculator Connector – supporting communication and "business user friendly" data mapping between the Calculator and other systems.
EDS SOLCORP / INGENIUM®, the leading administration system for life insurance and wealth management products, provides comprehensive new business and policy processing for all individual life, health and wealth management product lines. Calculations in ProductXpress can be accessed from INGENIUM to expedite product implementations and to ensure consistency with other systems.
Designer
Business users – including actuarial, underwriting, and marketing – are empowered to define product algorithms and rules which can be deployed across other enterprise systems using EDS SOLCORP / ProductXpress Designer.
In the Designer Test Lab, users can test various "what-if" scenarios against the newly defined products and formulae. Calculation results can be visualized in charts to assist in analysis. Designer offers several options for publishing product specifications and related documents which can be formatted to comply with your company standards or with the NAIC's SERFF software for electronic insurance product filing.
