Symbility begins 2008 with record number of processed claims
TORONTO, ONTARIO–(Marketwire – Jan. 23, 2008) – Symbility Solutions Inc., a wholly owned subsidiary of Automated Benefits Corp. (TSX VENTURE:AUT), is proud to announce the acquisition of its 8,000th registered user of its mobile claims processing solution.
With a user base of over 750 companies throughout the United States and Canada, this growth marks a 15% increase in customers in only a five month period. Symbility’s software solution for automating property claims provides a simple, effective and timely settlement to claim processing, making Symbility a success with its growing clientele of insurers, restoration contractors and independent adjusting firms across North America.
In addition to reaching this milestone, Symbility also reported a record number of claims processed during the first week of 2008 with nearly 2,500 claims, making it the busiest week in the company’s history.
“With the strong wind storms in early 2008 throughout parts of the midwestern and northeastern US and Canada, it is clear that Symbility’s solution allowed our users to react, quickly and effectively, to the property damage claims caused by these storms,” stated James Swayze, CEO of Automated Benefits Corp. “Having over 8,000 registered users is a major accomplishment, but more importantly, those users are proving what a dynamic product Symbility offers the market.”
For more information on Symbility Solutions, visit www.symbilitysolutions.com or call 1.866.SYMBILITY.
About Automated Benefits Corp. and Symbility Solutions
Automated Benefits Corp. (www.autoben.com), headquartered in Toronto, Ontario, is a software company dedicated to developing applications for the insurance industry. The corporation currently has two subsidiaries, Automated Benefits Inc. and Symbility Solutions Inc.
Symbility Solutions Inc. is in the business of automating insurance claims. Its award-winning mobile claims solutions are designed to increase the speed and accuracy of damage claims processing by allowing claims adjusters, carriers, and restoration contractors to process claims on-site, resulting in increased customer satisfaction levels. Handwritten notes and post-inspection data entry are eliminated. Complete mobility provides the means to access key information on location and instantly settle claims up to three times faster and with greater accuracy, thereby reducing adjusting expenses and lowering indemnity.
Automated Benefits Inc. provides a software solution for the adjudication of health and dental claims. This software adjudicates claims in real time, providing clients with the highest level of flexibility available along with complete disclosure on the plan’s financial performance. Autoben enables their clients to provide an additional level of value-added service in a very cost effective manner. The Autoben software supports the adjudication of health and dental claims through local insurance brokers for over 35,000 employees across Canada.
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Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Automated Benefits Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Automated Benefits Corp.
The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.