Santa Clara, Calif. - Itemfield, a provider of complex data transformation software, has formed a relationship with Adobe Systems Inc. to work together to develop a solution designed specifically for the insurance industry.The combination of Adobe's intelligent forms that support the ACORD XML data standard with the process-specific business rules and complex data transformation capabilities from Itemfield can help insurers increase efficiency by accelerating the processing of transactional data in electronic forms, such as quotations and new business submissions, according to the two companies.
"Providing an enterprise with ACORD XML data standard support can be a complex process," says Tony Rodoni, vice president, marketing and business development at Itemfield. "By working with Adobe, we will deliver one of the first solutions for insurance companies to enable faster adoption and integration of ACORD XML."
"Insurers are adopting the ACORD XML data standard to increase flexibility, improve efficiency and reduce costs by enabling reliable information exchange, improved integration and less reliance on manual data entry and expensive custom coding," says Chris Yaldezian, director of financial services solutions at Adobe Systems. "Together, Adobe and Itemfield will enable insurers to deliver ACORD forms that better meet compliance requirements and reduce the cost of doing business by accelerating the exchange of business critical information."
Itemfield addresses the needs of the insurance industry through its industry-leading software for complex data transformation, Itemfield ContentMaster. ContentMaster includes support for multiple ACORD transaction standards, including ACORD AL3 (an EDI standard used in property & casualty) and ACORD XML (an XML standard used in property & casualty and life). Itemfield also supports a range of other data formats frequently encountered in business integration including unstructured data (e.g., document formats and print streams) and semi-structured data (e.g., advanced COBOL and proprietary implementations of standards).
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