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| Allegient's Expense and Performance Management Suite v.5.4 Allegient Systems has announced the introduction of Version 5.4 of their Expense and Performance Management Suite. Already the insurance industry's most broadly utilized litigation management and legal bill review solution, the latest version of the system includes the addition of Self-Insured Retention functionality as well as enhanced rate navigation and filter settings, and an improved firm submission queue. The new version is available immediately and it is already in production for all Allegient clients. This is the second new version released in 2006. Version 5.4 further demonstrates Allegient Systems' focus on and commitment to continuous enhancements to provide innovative solutions and features to help insurers make the best choices when it comes to managing their legal defense. The Self-Insured Retention (SIR) functionality provided with Version 5.4 enables an insurer to proactively monitor the litigation costs on claims with SIR by allowing the insurer to: - review invoices against billing guidelines to quickly identify invoices below or exceeding the self-insured retention; - review all invoices for compliance; - monitor litigation costs on claims with SIR; - provide recommendations to insured on payment of invoices below the retention; - track and reference all activity for invoices subject to SIR; and - make payments for only their portion of the defense costs. write your comments about the article :: © 2006 Computing News :: home page |