Apex Data Systems Inc. announced it has signed a multi-year agreement to provide benefit plan administration and claims payment management technology to Security Benefit Life Insurance Company. The Topeka, Kansas-based Insurance Company has implement Cognac Express, the consolidated administration and claims payment solution from Apex Data Systems.
Security Benefit Life has selected the solution to manage the administration and claims operations for its group and voluntary benefits products, including dental, disability, vision, life, AD&D, and waiver of premium. This implementation will allow Security Benefit Life to position their administration and claims processes for itâs growing lines of business.
As a result of their growing business, Security Benefit Life investigated ways to handle the expected increase in sales volume without sacrificing the exceptional levels of service that Security Benefit Life customers had come to expect. After conducting a review of both external solutions and internal development, Cognac Express was selected for implementation.
Apex Data Systems solution presents information to managers and staff in a comprehensive, easy-to-navigate system, eliminating the need to manage multiple applications with a totally integrated system. The solution is built to deliver rules-driven business process management capabilities, which will allow Security Benefit Lifeâs business users the flexibility to make changes or modify processes to meet the changing needs of the marketplace.
âWe are very pleased to add a reputable name like Security Benefit Life Insurance Company to our expanding list of quality clients,â says Dwight Babcock, CEO, APEX DATA SYSTEMS. âApex Data Systems âCOGNAC EXPRESSâ will help Security Benefit Life position for future growth while enhancing customer service. This agreement is another example of how Apex Data Systems clients are using our innovative solutions to achieve operational excellence and enable cost-effective processing.