Press Releases
SunGard Receives “Positive” Rating in Leading Analyst Firm’s Insurance Incentive Compensation Management Applications MarketScope Report
February 17, 2009 — Atlanta, GA
SunGard’s
iWorks Enterprise Incentive Management (EIM) solution received a “Positive” rating in Gartner’s MarketScope for Insurance Incentive Compensation Management Applications.” SunGard (
http://www.sungard.com) was one of eight vendors evaluated for the report and received the highest rating given to a vendor, “Positive”. The Gartner MarketScope evaluation is based on a weighted evaluation of a vendor’s products in comparison with the evaluation criteria.
SunGard’s iWorks EIM is a comprehensive distribution management and incentive compensation management software solution exclusively for the insurance industry. iWorks EIM aligns a company's business objectives and corporate revenue targets to an enterprise incentive plan and requisite sales activities. iWorks EIM calculates and pays all forms of sales compensation including commissions, variable pay and bonuses. It manages producer licensing and contracting, supports evolving distribution hierarchies and provides consolidated reporting and analytics via dashboards on sales performance across all channels and product lines.
Greg Webber, president of SunGard’s insurance business, said, “We are very pleased to have been rated “Positive” by Gartner and view it as a reflection of the strength of our iWorks incentive compensation management solution. The continued success of iWorks EIM is attributable to its customer-focused development, its global capabilities leveraging SunGard’s footprint and the supporting business expertise leveraging SunGard’s consulting resources.”
About SunGard iWorksSunGard iWorks is a business-driven IT product suite for the insurance industry in each of the following major business lines: life/health/annuities/pensions, property and casualty and reinsurance. iWorks offers a range of products and services including front-office tools, policy administration, reinsurance, actuarial calculations, financial accounting, investment accounting, and reporting. SunGard partners with customers to deliver products and services that align with changing business and regulatory needs.
About SunGardWith annual revenue of $5 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world’s 25 largest financial services companies. Visit SunGard at
www.sungard.com.
Trademark Information: SunGard, the SunGard logo and iWorks are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
MarketScope Disclaimer: The MarketScope is copyrighted December 12, 2008 by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.