 |
 |
 |
 |
 |
 |
|
Accessing the pages on ambest.com constitutes the user?s
agreement to our terms
of use; Information collected via this Web site is protected by
our privacy statement;
Comments or concerns should be directed to our customer
service group; For other matters refer to our contact us
page.
|
|
October 17th - 19th,
1999
ERP Takes on the Insurance World:
"Allstate Saves $100 Million with New
"We went from a fragmented process to a common process," said Mike Wahls, senior division director at Allstate, Northbrook, Ill. Wahls said the company once had 13 different ledger systems and seven different accounts payment systems. "Each part of the business had its own way of doing things," he said. Wahls spoke Monday at A.M. Best's Annual Insurance Information and Technology Conference in Baltimore. About 25,000 employees at Allstate have access to a workstation that links them with the new computer system. An employee can file a travel voucher electronically, and the company will pay corporate credit card debt or issue an electronic check that can be directly deposited in an employee's bank account. The new system also allows the company to see how its life products are selling through different distribution channels. Now, Allstate can easily compare sales through agents, banks and brokers. Wahls said the company's ultimate goal is to link agents to the new system and develop the capability to report on a single household's policies--automobile, homeowners, life and annuities. SAP America Inc., the fourth-largest software company in the world, designed the system, which went online in June 1998, said Wahls. He declined to say how much the new system cost, but he said Allstate has saved more than the cost already. By Meg Green |
|
|
Allstate Insurance Co. said it has saved $100
million with a new computer system that has simplified the way the company keeps
track of its finances.