NEW GENERAL LEDGER

Trintech Inc., Dallas, a provider of integrated financial governance, transaction risk management and compliance solutions, released AssureNET GL 4.1, an application for general ledger reconciliation, review and certification.

AssureNET GL 4.1 delivers new levels of automation in the core application and integration with Trintech's Unity Financial Close application through Unity's performance management dashboards, the company says. This integration ensures that all financial governance tasks and controls, including the status of reconciliations within AssureNET GL, are visible to the Unity user via the Close Status consoles of the Financial Close management dashboard.

Additional enhancements include the ability to auto-certify bulk reconciliations with reconciliation thresholds, new quality assurance functionality for tasks, and expanded reports and template related features for reconciliations and balance sheet certification. AssureNET GL 4.1 demonstrates Trintech's commitment to providing a purpose-specific, functionally rich, integrated financial governance suite of applications, the company says.

RAVELLO AND KLJ COMPUTER PROVIDE CLAIMS COMPONENT

After acquiring KLJ Computer Solutions' claims management technology, Ravello Solutions now has the ability to offer the functionality to manage the entire policy lifecycle, the company says.

Prior to the acquisition, the policy, billing and claims solutions were completely integrated to provide seamless functionality to users. Now offered as a suite, the solution is Web-based and built on a flexible, modern, standards-based architecture that provides a real-time communication and workflow process, reports Ravello.

The new Ravello claims offering is well-established, and in production at more than 40 companies access the United States, Canada, Jamaica, the Middle East and Australia. As a multi-line business solution, it covers all property/casualty lines.

INTELLICORP ANNOUNCES SSN VERIFICATION PRODUCT

ISO subsidiary IntelliCorp, a Santa Clara, Calif.-based provider of background checks, employment screening and drug testing services, released consent-based SSN verification (CBSV). A new product offering, CBSV provides information regarding a subject's name and Social Security number (SSN).

CBSV is designed to verify whether a name and SSN match the data in the Social Security Administration's (SSA) records. The information provided is matched against the SSA's master SSN file, using the individual's SSN and name.

The SSA also provides a death record if appropriate. In addition to the verification provided by the SSA, IntelliCorp returns possible aliases associated with the subject's address history from its criminal database. CBSV does require that a special consent form be signed by the subject prior to running the report.

(c) 2009 Insurance Networking News and SourceMedia, Inc. All Rights Reserved.

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