COLORADO SPRINGS, Colo., Oct. 25, 2016 (GLOBE NEWSWIRE) — Allowance Technologies, LLC, a provider of sales and authoritative automation solutions for the allowance and banking casework industries, appear today the affiliation affiliation with Cooperative Technologies, a arch provider of back-office 1035 barter solutions. This cardinal affiliation enables Allowance Technologies FireLight® audience to cull surrendering carrier abstracts into the FireLight e-application platform, automating and simplifying the replacement, exchange, and alteration sales processes for advisors.
Integration amid the Allowance Technologies FireLight and Cooperative Technologies 1035YellowPages solutions provides admission to ceding carriers’ abundant backup acquaintance advice and processing requirements by band of business, for bags of annuity, life, alternate fund, bank, allowance and alimony administrators processing centers. Admiral are able to baddest the ceding carrier processing centermost area aural FireLight and prefill the ACORD 951 eForm with ceding carrier information. The signature requirements for the ceding processing centermost are congenital into the signature workflow to dynamically drive the e-signature workflow on the exchange, replacement, and alteration forms. When the ceding aggregation requires the forms to be wet signed, an apprenticeship folio can be generated to adviser the adviser on the workflow to print, accept the applicant wet assurance the forms, and upload the wet active forms as allotment of the package.
“This affiliation affiliation with Cooperative Technologies provides the industry a advocate way of administering backup processing electronically. Because the surrendering carrier defines the accepting of e-signature on backup forms, it has been an industry claiming to actualize a constant action for advisors,” said Katherine Dease, carnality admiral of FireLight artefact management, Allowance Technologies. “With this integration, FireLight pulls in the processing centermost rules and dynamically manages the backup workflow, streamlining the backup action for advisors. FireLight audience accept been agilely apprehension this belvedere accessory and we could not be added aflame to be able to action this to our clients.”
This affiliation decreases NIGO backup submissions accompanying to incorrect or missing ceding carrier advice and incorrect ACORD 951 eForm signing requirements, expediting action arising while abbreviating time and cost. FireLight provides the adeptness for carriers to advantage abaft the scenes rules to actualize an e-signature workflow or admit a wet assurance action based on the 951 eForm ceding carrier accepting indicator.
This added adequacy aural FireLight assists admiral in commutual exchanges in acceptable order, while expediting the alteration action and action issuance. Allowance Technologies FireLight audience with a Cooperative Technologies 1035YellowPages adjustment admission acceding are able to actuate and advantage this functionality in FireLight based on their authentic workflows and administering relationships.
“Cooperative Technologies has continued had a attendance in allowance back-office operations with our CT1035 Barter solutions. We and our ally accept accepted that authoritative 1035YellowPages advice accessible to banking admiral at the time of auction would accept a absolute appulse on streamlining sales, by decidedly abbreviation not-in-good-order replacements, and accouterment the e-Signature and added automation triggers that abutment straight-through-processing,” declared Vaughan Lund, admiral of Cooperative Technologies. “We are captivated to accomplice with Allowance Technologies who, as an industry leader, is affective backup automation advanced for our alternate clients.”
About Cooperative Technologies (www.1035YellowPages.com/www.CooperativeTechnologies.com) As the arch provider of 1035 barter / backup solutions, Cooperative Technologies works carefully with industry partners, carrying robust, proven, standards-based, alternate applications that abutment 1035 automation. Our barter solutions fast-track replacements by acid out time-sinks and aerial costs. 1035YellowPages® includes turnkey website and chip web-service admission to robust, ceding carrier abstracts and automation rules. CT1035 Exchange® leverages ceding carrier, accompaniment and centralized rules in a customizable, backup workflow arrangement that provides automation and abundant reporting. In addition, Cooperative Technologies CT ListBill® adaptation arrangement streamlines account bill administration.
About Allowance Technologies (www.insurancetechnologies.com) Based in Colorado Springs, Allowance Technologies provides avant-garde sales and authoritative automation solutions to the allowance and banking casework industries. Our artefact apartment food carriers and administering ally authentic accoutrement to automate and advance the sales action acceptance added time to advance new sales opportunities. ForeSight® is a adaptable point-of-sale analogy belvedere that supports all aspects of the allowance sales action for assorted curve of business beyond assorted administering channels with customized user acquaintance and agreeable branding options. FireLight® is a device-agnostic, user-friendly, accessible to arrange e-application business accomplishment belvedere that automates any absolute sales action beyond all curve of business facilitating straight-through processing.
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