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VP/MS (Visual Product Modeling System) is a family of software components developed by CSC that support product development and product lifecycle management. [1] Insurance companies (among other users in business and IT [2]) use VP/MS to manage the rules, clauses, formulas and calculations associated with savings and both life and non-life insurance products.
Guidewire is a recurring revenue software company as it sells term licenses. The company also sells its software as a service on a subscription revenue basis. Its three main software products are ClaimCenter, PolicyCenter, and BillingCenter, each servicing a major component of a P&C insurance carrier. [ 2 ]
TCS BaNCS is a core banking software suite developed by Tata Consultancy Services for use by retail banks. [2]It includes functions for universal banking, core banking, payments, wealth management, forex and money markets, compliance, insurance, securities processing, custody, financial inclusion, Islamic banking and treasury operations.
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Enterprise forms automation is a company-wide computer system or set of systems for managing, distributing, completing, and processing paper-based forms, applications, surveys, contracts, and other documents. It plays a vital role in the concept of a paperless office.
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