Fireman’s Fund Chooses GlobeNet Technologies’ Firestorm.NET Agency Management and Compensation System
FireStorm Compensation Suite Version 7 Released Today at ACORD LOMA
Orlando, FL, May 23, 2005 — GlobeNet Technologies, Inc., one of the world’s leading Incentive Compensation Management (ICM) software providers, announced today the release of version 7 of the FireStorm Compensation Suite®, which includes new functionality as well as a full .NET implementation. This release was developed in conjunction with a major contract from Fireman’s Fund Insurance Company to deploy FireStorm across their entire Agency Management field organization.
“A main Company objective has been to simplify our IT connection with independent agents to make us the easiest property casualty insurer with whom to do business," said David Arnold, IT Product Executive for Fireman's Fund. “With FireStorm, we are enabling our channel marketing with a technology strategy that gives us a single system to manage the full life cycle of our relationship with our Agencies. Another advantage of Firestorm is that it is flexible and easy to integrate. Since FireStorm is built upon the Microsoft platform, it can be supported easier than less pervasive technologies, and leveraged to work seamlessly with other Microsoft productivity tools that our employees already know how to use.”
GlobeNet Technologies’ Firestorm Compensation solution is being implemented by Fireman’s Fund in partnership with BearingPoint to support three Fireman’s Fund business functions: Agency Administration, Agency Business Planning, and Incentive Compensation Management. FireStorm will provide Fireman’s Fund with a single comprehensive system to better manage its independent agency network, conduct the business planning at both an Agency and enterprise level, and automate the agency compensation process.
“GlobeNet’s Firestorm Compensation Suite can help Fireman’s Fund deal with industry issues such as integrating legacy systems, creating a single, integrated ‘data repository’ for Agency administration, and capturing business critical transaction data for incentive programs,” said Marc Gallo, a Managing Director with BearingPoint. “BearingPoint will draw on our experiences in implementing agency management systems to help Fireman’s Fund streamline business processes, reduce costs and improve management reporting and controls.”
“GlobeNet is a valued Insurance Value Chain partner and we are pleased they are supporting the experience Insurance initiative”, said Kevin Kelly, managing director of Insurance for Microsoft’s Financial Services Group. “The FireStorm Compensation Suite is a solution that is changing the experience of insurance agents. Not only does it make life in the field easier for agents, it also facilitates better service for their customers. Additionally, from an operations standpoint, FireStorm, built on a Microsoft platform, is leveraging legacy systems and integrating well with other Microsoft technologies.”
About Fireman’s Fund, Inc.
Fireman’s Fund is a premier property and casualty insurance company providing personal, commercial, marine, excess and surplus lines and agribusiness insurance products nationwide. Fireman’s Fund is a subsidiary of Allianz AG, one of the world’s largest providers of property and casualty insurance and other financial services. For more information, visit www.firemansfund.com.
About GlobeNet Technologies, Inc.
GlobeNet Technologies, Inc. is one of the leading Enterprise Incentive Management (EIM, also known as Incentive Compensation Management) firms serving Global 2000 companies, as well as small to medium-sized businesses, who have specialized incentive compensation needs. GlobeNet provides systems that combine the functional areas of:
- Sales Force Administration
- Contract Document Life-cycle Management
- Compensation Processing
- Payment Management and Distribution
- Producer Portal
This product suite provides an end-to-end enterprise solution, designed to eliminate custom code associated with marketing, channel and compensation plan changes and evolution. Based in Scottsdale, AZ, GlobeNet has served over a hundred clients in numerous verticals, and is now focusing on the Financial Services and Insurance, Healthcare, and Entertainment sectors.
For more information, please send an email to:
info@globenettech.com,
or visit our website: www.globenettech.com
Contact:
Damian Kuolt
GlobeNet Technologies, Inc.
damian@globenettech.com
(480) 718-7000
www.globenettech.com
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