Ping An Insurance Drives Business Expansion and Enhances Customer Service With webMethods Fabric
October 10 2006 - 9:25AM
PR Newswire (US)
Leading Chinese FSI Using webMethods Fabric to Create a
Service-Oriented Architecture That Consolidates Real-time
Information to Achieve a Single Customer View FAIRFAX, Va. and HONG
KONG, Oct. 10 /PRNewswire/ -- webMethods, Inc. (NASDAQ:WEBM), a
leading business integration and optimization software company,
today announced that Ping An Insurance (Group) Company of China,
Ltd ("Ping An"), one of the first integrated financial services
institutions in China, has recently expanded its commitment to the
webMethods Fabric(TM) product suite. Ping An is using webMethods
Fabric to consolidate multiple systems and data stores into a
single customer view, ensuring that customer requirements are met
with the utmost consistency and productivity across its entire
financial services portfolio. By leveraging a service-oriented
architecture (SOA) to meet these requirements, Ping An further
benefits from greater efficiency and productivity within its IT
operations as these needs can be met much faster than previously
possible. Established in 1988 with an initial focus on property and
casualty insurance, Ping An has transformed itself in the past two
years into an integrated financial services group offering a range
of diversified financial products. Executing this business
transformation while achieving maximum efficiency was dependent on
Ping An's ability to streamline its core business processes and
automate data exchange between its various business systems.
Previously, each Ping An Group company maintained its own customer
information and insurance policies. Beginning in 2005, Ping An has
worked to systematically streamline these business operations,
using webMethods Fabric to integrate key enterprise systems,
including its Customer Information File, which synchronizes client
profile information between different applications across its
various subsidiaries. Ping An's initial selection of webMethods
Fabric was based upon its ability to deliver a highly reliable and
proven business integration and process management platform within
a comprehensive service-oriented architecture. This allowed the
company to meet a variety of system integration and process
automation requirements with unprecedented speed, flexibility and
efficiency as core components could be reused across multiple
projects. "What webMethods has delivered to Ping An is the ability
to deliver fully integrated and seamless customer service," said
Mr. Henry Ma, Chief Architect of Ping An Insurance's Information
Management Center. "By deploying webMethods Fabric as our business
process platform, we are able to become a one-stop service center
for our customers, achieving efficiency across all of our customer
transactions." Deployment of an enhanced business integration
network is expected to be completed later this year. Taking
advantage of the ability within an SOA to create more targeted
composite applications that better address specific business
requirements, the company also expects to deploy a number of new
customer-facing applications during this timeframe. Ping An expects
to complete its overall transition to an SOA in the next two years
using webMethods Fabric. "We have focused on automating the
business processes that have enabled Ping An to better serve their
customers while simplifying their administrative processes," said
Mr. Raymond Mo, General Manager of webMethods Greater China. "As a
leader in service-oriented architecture, webMethods is pleased that
leading Chinese companies like Ping An are choosing webMethods as
their technology partner." About Ping An Insurance (Group) Company
of China, Ltd Ping An Insurance (Group) Company of China, Ltd.
("Ping An") is the first Chinese insurance company that integrates
securities, trusts, banking, asset management and annuity services
into a close-knit, efficient and diversified financial holding
group. The Company was founded in 1988 and is headquartered in
Shenzhen. Ping An is listed on the Hong Kong Stock Exchange with
the stock name of "Ping An of China" and the stock number of "2318"
(http://www.cpaihk.com/english/index.html). About webMethods, Inc.
webMethods (NASDAQ:WEBM) provides business integration software to
integrate, assemble and optimize available IT assets to drive
business process productivity. webMethods delivers an innovative,
enterprise-class business integration platform that incorporates
proven integration technology with next generation capabilities
into one interoperable set of tools that delivers a unique
combination of efficiency, agility and control. webMethods combines
industry leadership with a zealous commitment to customers to
deliver tangible business value to more than 1,400 global
customers. webMethods is headquartered in Fairfax, Va., with
offices throughout the U.S., Europe, Asia Pacific and Japan. More
information about the company can be found at
http://www.webmethods.com/. The webMethods name and logo are
registered trademarks of, and webMethods Fabric is a trademark of,
webMethods, Inc. All other marks mentioned are trademarks or
service marks of their respective companies. DATASOURCE:
webMethods, Inc. CONTACT: John Conley of webMethods, Inc.,
+1-703-460-5996, Web site: http://www.webmethods.com/
http://www.cpaihk.com/english/index.html
Copyright
Webmethods (NASDAQ:WEBM)
Historical Stock Chart
From Jul 2024 to Aug 2024
Webmethods (NASDAQ:WEBM)
Historical Stock Chart
From Aug 2023 to Aug 2024