Re Contract
July 24 2000 - 3:00AM
UK Regulatory
RNS Number:2813O
Total Systems PLC
24 July 2000
TOTAL SYSTEMS plc : CONTRACT GAIN
Total Systems plc, suppliers of established software products and
services to the Financial Services markets, are pleased to announce
that DIXONS GROUP PLC, the nationwide retailer, have chosen ULTIMA, its
Insurance System product, for their Mastercare and Coverplan Service
Agreements.
The contract was won after a thorough and lengthy selection process
that involved some of the major suppliers to the industry.
ULTIMA was chosen because of its functionality, flexibility, full
Internet capability and the speed with which ULTIMA allows end users to
quickly handle changes and deliver new products across many lines of
business.
ULTIMA is aimed primarily at the high-volume General Insurance market
where it is currently supporting over 20 Lines of Business. These
include products such as Private Car, Household, Healthcare and Travel
Insurance.
Commenting on the new contract, Terry Bourne, Chairman of Total Systems
said: "This is a significant contract gain for Total Systems and was
secured against stiff competition. The overall number of different
products being written using ULTIMA is growing monthly." He added: "It
is also being widely used for writing many commercial lines. Its
unique feature is Product Developer Plus (PD+), which allows Business
Users to quickly adapt system functionality to meet their market
demands. It also allows them to introduce new products within
remarkably short time scales."
The initial system at Dixons, destined for the UK and Republic of
Ireland (followed by Pan European usage of ULTIMA) will comprise some
1,250 on-line users. It will process millions of historical warranty
agreements and some 9.1 million current Coverplan Agreements. ULTIMA
will sit on a SUN E10000 running UNIX.
Enquiries to:
Terry Bourne Total Systems plc 020 7294 4888
Chairman info@totalsystems.co.uk
Peter Binns Binns & Co. PR Ltd. 020 7786 9600
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