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Company: American Cooperative Council on Compensation Technology
Industry: Insurance
Pragmatix Creates Data Exchange Solution
ACCCT is an organization which operates as a joint venture of independent workers' compensation
advisory and rating organizations. Its purpose is to foster software development and technical cooperation
on a project basis among its membership. ACCCT facilitates this cooperation by providing a venue and
support for legal services, billing, and bookkeeping.
Business Issue
- Createeasy to use FTP
- Establish accurate routing
- Enable the flow of information
- Establish accurate reporting
- Develop a system that communicates in multiple formats
Business Results
- Improved routing efficiency
- Reduced errors
- Improved performance and stability
Managing the file transfer of mandatory reporting data between insurance carriers and rating organizations
was burdensome and time-consuming. Data exchange was often hampered by incorrect routing and insecure or unstable
means of transmission. In addition, maintaining updated, accurate routing information on each rating bureau was
costly. To provide a secure, stable method of file transmission available to all insurance carriers no matter which
format their data is in, Pragmatix created a web-based solution - the compensation data exchange system - which
can receive, validate and distribute reporting files in multiple formats based on a receiver's stored preferences. The
insurance carriers send their electronic files to a central repository (CDX) either by email, web upload or FTP. CDX
verifies the sender before accepting the file and then performs a basic validation. The file is then stored for
web pickup or forwarded by email or FTP based on a recipients stored preferences. Data is collected and validated. File
outputs are used by the recipients to automatically feed into other internal systems. Available 24/7/365, the solution
enables carriers to send files anytime in order to meet their reporting requirements. In addition, management reports
are also available online.
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