Press release from Marketwire
IBEW Local Union 1687-Sudbury Signs Agreement With Adjudicare
Thursday, April 18, 2013
IBEW Local Union 1687-Sudbury Signs Agreement With Adjudicare08:00 EDT Thursday, April 18, 2013
TORONTO, ONTARIO--(Marketwired - April 18, 2013) - Adjudicare ®, a division of Symbility Solutions Inc.® (TSX VENTURE:SY)(OTCQX:ATBEF), is pleased to announce the formalization of a multi-year agreement with IBEW Local Union 1687 - Sudbury, for the use of Adjudicare UnionPro, a cloud-based software solution for Benefit Plan Eligibility, Hour Banking, and Retirement Plan Contribution Tracking.
UnionPro's flexible technology will enable Local 1687 to upgrade their existing hour banking system, combining leading-edge technology, with the ability to maintain the same reporting and remittance procedures currently in place. Additionally, UnionPro's cloud-based software will ensure seamless data integration and data security with minimal upfront IT investment. UnionPro allows many local unions to use a common platform to track their members' hour banking, benefit plan eligibility, and contribution data.
"Our benefits program is a cornerstone of the value delivered to our members. We are excited to partner with the Adjudicare team and are confident that UnionPro's robust technology and cloud-based capabilities will increase the efficiency of our administration and allow us to better serve our members," states Emile Hamelin, Business Manager, IBEW Local 1687. "It is comforting to know that we will not be faced with outdated software or large upfront costs ever again."
"The UnionPro platform was developed in partnership with IBEW Local 402 in Thunder Bay and we are pleased that the trustees of Local 1687 see the value in our collaboration," states Richard Adair, President of Adjudicare. "We are proud that the combination of input from multiple locals and Adjudicare's commitment to serve the union marketplace has led IBEW 1687 to select UnionPro's cloud-based technology to meet the growing needs of their members. We look forward to a successful and long-lasting relationship."
About Symbility Solutions Inc.
Symbility Solutions (TSX VENTURE:SY)(OTCQX:ATBEF) is a global software company dedicated to developing applications for the insurance industry. The organization currently has two product family brands: Adjudicare® and Symbility®.
Adjudicare is an advanced, practical cloud-based software solution used by a network of Employee Benefits Brokers, Third-Party Administrator partners, plan members and plan sponsors across Canada in the adjudication of health and dental claims. Adjudicare's rules-based engine and leading-edge features ensure that claims are precisely adjudicated and paid in real-time, giving our partners' customers optimum flexibility, along with transparent disclosure on the benefit plan's financial performance. Member and administrator portals, as well as Adjudicare's centralized database, are all available on the same cloud-based platform and can be accessed seamlessly anytime by any user. Adjudicare UnionPro is the only web-based Hour Banking product to provide unions a worry-free solution to track their members' hour banking, benefit plan eligibility, and contribution data.
The Symbility platform is a leading-edge, easy-to-use, cloud-based claims processing and estimating technology that optimizes claims performance for the Property & Casualty insurance industry. Relying on the most extensive and defendable property cost data developed by Marshall & Swift/Boeckh ("MSB"), our collaborative workflow management, mobile estimating, claims triage solutions and analytical services allow insurers to reduce costs while delivering a market-leading claims experience. Symbility Claims solutions, used in conjunction with MSB's Underwriting Solutions, means property insurers now have a dynamic, market-driven enterprise solution. Providing a virtual feedback loop between claims and underwriting systems, this enterprise solution allows insurers to manage property risks more proactively and effectively. Symbility Mobile Claims is now available as a free Android™, iPad® and iPhone® application.
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FOR FURTHER INFORMATION PLEASE CONTACT:
Lucy De Oliveira
Director of Marketing