(Image credit: Dollar Photo Club.)
Guidewire Software (Foster City, Calif.) announced new versions of Guidewire DataHub and Guidewire InfoCenter, part of the company’s Data & Analytics portfolio, today at the Guidewire Connections 2015 Conference in San Francisco. Highlights of the 8.3 release include Guidewire’s first persona-based analytics app for billing managers, out-of-the-box support for commercial lines of business, and improvements that the vendor says will provide additional cost advantages for insurers. DataHub and InfoCenter 8.3 will be available globally and will ship this month.
“It’s not enough to report against a data warehouse…insurers need to integrate and embed that data within their core processes and channel experiences,” comments Martina Conlon, SVP, Research & Consulting, Novarica (Boston). “With these offerings, Guidewire is one of the key package suite providers that is positioning a broader, more powerful, data strategy for all users.”
InfoCenter 8.3 includes Guidewire’s new persona-based analytics app Invoice Aging for Billing Managers. This app is designed to help billing managers quickly decide whether they should continue pursuing invoice collections or write-off past due amounts. The app brings together analytics that will enable billing managers to see point-in-time summaries and trend analysis by line of business. In addition, InfoCenter 8.3 includes several new billing reports, the vendor reports. InfoCenter 8.3 also has a new and improved user interface making it much easier for users to navigate and to find the right information with advanced search capabilities. DataHub 8.3 adds out-of-the-box support for the most common commercial lines of business (Commercial Auto, Commercial Property, and General Liability). For international insurers, DataHub 8.3 now supports multi-currency transactions in policy and claims. DataHub 8.3 also introduces several reusable patterns and simplified reference data management that will provide significant cost advantages.
“Our experience tells us that data management is a key challenge in core system projects,” comments Eugene Lee, VP and business owner, Data and Analytics, Guidewire Software. “DataHub and InfoCenter provide a solution for data extraction, legacy consolidation, and downstream publication for insurers embarking on a core transformation.”
“Furthermore, InsuranceSuite implementations offer a unique opportunity to maximize the value customers can get from DataHub and InfoCenter to reduce project risk and create a strategic data asset,” Lee adds. “We are particularly excited about the support for commercial lines with DataHub 8.3 as well as the new billing reports and analytics with InfoCenter 8.3, which are evidence of our commitment to improve the quality of decisions across the insurance lifecycle.”