AAA Auto Club Group Puts SAP Claims Management System in the Driver's Seat to Handle Automobile Insurance Claims Quickly
DEARBORN, Mich., May 1 /PRNewswire-FirstCall/ -- SAP AG (NYSE: SAP)
announced today that it has been selected by the Auto Club Group (ACG), the
largest affiliation of AAA clubs in the Midwestern United States, to provide
the group's new claims management system. With the SAP(R) Claims Management
software, part of the SAP(R) for Insurance solution portfolio, ACG will be
able to manage the automobile insurance claims processes more quickly for its
4.1 million members across eight states with one integrated core insurance
platform.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a)
Auto Club Group belongs to the national AAA federation, a not-for-profit
organization with more than 50 million members throughout the United States
and Canada. The six clubs that comprise the ACG are Chicago, Michigan,
Minnesota/Iowa, Nebraska, North Dakota and Wisconsin. With the SAP Claims
Management software, the Auto Club Group can benefit from more efficient
automobile insurance claims processing. As each claim is handled consistently,
ACG can lower loss costs while increasing claim handler productivity and
providing a consistent customer experience. The integrated claims management
system can also help facilitate routine tasks and assist in managing the
surplus of automobile insurance claims activities that occur during the
adjudication process.
"This new best-in-class technology will help us to deliver fast, fair and
easy claim service to our policyholders," said Fausto Martin, vice president
and chief claims officer for ACG. "With one system, we will be able to reduce
the time it takes to handle a claim using a centralized electronic filing
system to streamline the entire claims process -- from a member's initial call
through final claim resolution and payment."
The Auto Club Group selected SAP after a rigorous review process that
highlighted the functionality of SAP Claims Management, as well as the
technology fit and the holistic implementation strategy that the world's
leading provider of business software offers. Industry recognition that SAP
provides a world-class integrated platform was a key factor in the decision as
well.
"With the speed of change in today's insurance market, companies need to
continually improve effectiveness to remain competitive," said Bill McDermott,
president and CEO, SAP Americas and Asia Pacific Japan. "In basing their core
business of operations on SAP solutions, the Auto Club Group is developing a
best-run strategy that will increase customer responsiveness, create better
efficiencies and increase profitability -- positioning AAA ACG as a solid
market player in the United States."
Next Major Events:
SAPPHIRE(R) 2008 Orlando and SAPPHIRE(R) 2008 Berlin
More than 15,000 customers, partners and technical experts are convening
at SAPPHIRE 2008 to discover how SAP and its thriving partner ecosystem are
delivering IT solutions that create value beyond the four walls of the
enterprise, to create "business beyond boundaries." SAP's premier educational
and networking event, SAPPHIRE is the one occasion where senior executives,
business managers, and decision-makers can come together every year to explore
how innovative business solutions foster long-term, profitable growth.
SAPPHIRE(R) 2008 is being held in Orlando, Florida, May 4-7, and in Berlin,
Germany, May 19-21, 2008. For more information, please visit
http://www.sap.com/sapphire.
About The Auto Club Group (ACG)
The Auto Club Group (ACG) is the largest affiliation of AAA clubs in the
Midwest, with approximately 4.1 million members in eight states. ACG belongs
to the national AAA federation, a not-for-profit organization with more than
50 million members in the United States and Canada. ACG's member clubs offer
automotive, travel, insurance and financial services.
About SAP(R) for Insurance
SAP(R) for Insurance is an industry-tailored set of solutions designed to
help insurance companies control costs and seize new opportunities while
strengthening customer loyalty with applications that can be implemented in
stages according to the company's strategic business goals, priorities and
available resources. Serving approximately 560 customers in 60 countries, SAP
for Insurance seamlessly links core insurance processes with customer-facing
functions and back-office operations-from first customer contact through
policy and product management, collections, disbursement, and claims
management. (Additional information at http://www.sap.com/insurance/)
About SAP
SAP is the world's leading provider of business software(*), offering
applications and services that enable companies of all sizes and in more than
25 industries to become best-run businesses. With more than 47,800 customers
in over 120 countries, the company is listed on several exchanges, including
the Frankfurt stock exchange and NYSE, under the symbol "SAP." (For more
information, visit http://www.sap.com)
(*) SAP defines business software as comprising enterprise resource
planning and related applications.
Any statements contained in this document that are not historical facts
are forward-looking statements as defined in the U.S. Private Securities
Litigation Reform Act of 1995. Words such as "anticipate," "believe,"
"estimate," "expect," "forecast," "intend," "may," "plan," "project,"
"predict," "should" and "will" and similar expressions as they relate to SAP
are intended to identify such forward-looking statements. SAP undertakes no
obligation to publicly update or revise any forward-looking statements. All
forward-looking statements are subject to various risks and uncertainties that
could cause actual results to differ materially from expectations. The factors
that could affect SAP's future financial results are discussed more fully in
SAP's filings with the U.S. Securities and Exchange Commission ("SEC"),
including SAP's most recent Annual Report on Form 20-F filed with the SEC.
Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of their dates.
Copyright (C) 2008 SAP AG. All rights reserved.
SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP
products and services mentioned herein as well as their respective logos are
trademarks or registered trademarks of SAP AG in Germany and in several other
countries all over the world. All other product and service names mentioned
are the trademarks of their respective companies. Data contained in this
document serve informational purposes only. National product specifications
may vary.
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, press only:
Evan Welsh, +1 (610) 203-9742, evan.welsh@sap.com, CET
SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EDT;
press@sap.com
Anthony Suarez, Burson-Marsteller, +1 (212) 614-4331,
anthony.suarez@bm.com, EDT
SOURCE SAP AG