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PRODINF Software

Versatile & ComprehensiveEnterprise Solution Provider

Today's Choice for Tomorrow's Business

since 1990

PRODINF Software - Overview

Over 25 years of experience and expertise in the Enterprise Solutions market Established in April 1990

Flagship product: EMSYS - Enterprise Management SYStem®

More than 150 Clients

Two fully featured datacenters

One solution for multiple industries: Insurance, Construction, Utilities, Universities, Public Sector, Food Production,

Manufacturing, Transport, Oil & Gas Extraction, Retail, Distribution, E-commerce, Resort Management


Our Promise

Our solution is “Today’s choice for tomorrow business” because…

…as an “All-in-one solution” it allows you to…

…“Design your business” on the fly, based on the organization’sgoals and strategy…

…and to save costs running it as

“Software as a Service - SaaS”.


Current Challenges in the Insurance Industry

Disparate systems Point solutions developed from scratch, multiple suppliers, difficult to integrate and manage over time Significant resource consumption for centralizing and consolidating financial and operational reports.

Discrepancies between operations and accounting records Expensive data reconciliation.

Reduced adaptability to market evolution Inability to redesign or introduce new processes, policies, products or bundles etc.

Difficulties in training the sales force Both internal and external.

Difficulties in controlling claim processes and payments as well as sales processes and commissionpayments.

Difficult management of reinsurance contracts.

Delays and discrepancies in close of period reports Monthly/quarterly/annual

Difficulties in properly calculating reserves For reinsurance contracts and technical reserves


EMSYS – perfect fit for the Insurance Industry

Comprehensive and configurable solution EMSYS doesn’t need custom programming in order to be implemented or run Configuration work can be handled by business users

Extensive flexibility and ease of use Any insurance product can be modeled effortlessly by using already predefined elements

and parameters Processes can be modeled/re-modeled and enforced anytime, without affecting the day to

day activities, the previous data records or the reporting structure

View to the future EMSYS can accommodate any future change in the organization or its products without the

need for additional programming work or specific customization Improves client’s agility and adaptability by freeing them of maintaining costly IT

infrastructures and specialized personnel


Insurance Industry Challenges that We Address

Our solution addresses all the current insurance industry challenges related to properly and efficiently defining: Insurance products - Life, Non-Life, Health

Organizational structures – portfolio or territorial business expansion

Users, roles, access rights and competency limits

Cost and risk based tariffs, rates, quotations

Efficient output through printing templates, approval flows, delivery channels

Flexible operational flows (quotations, offers, policies, collections, commissions, addendums, claims, payments, reinsurance, accounting)

Accounting transaction models

…and making them seamlessly work together.


What is configurable? Almost everything…

Product Management:Insurance classes, products, insured objects, risks and risk groups, rules & restrictions, insurance conditions, insurance plans, medical procedures, investment funds, min./max. duration, approval workflows, dependent objects

Client interaction:Questionnaires

Financial ManagementEconomic phenomena, contract currency: €, $, local currency, collection methods, over-collection management, risk vs. profitability

Operational managementAmount limits at client level, persons merging, dynamic organizational model, involved entities (insured, agent, employee, beneficiary, assignee, bank), claim processes, re-insurance contracts

Document managementPrinting formats, document check-lists, addendum types

Market contextCalculation algorithms, complex tariffs, adjustment factors, mortality tables, coverage alternatives.

User experienceUser roles, access rights, internationalization, web interfaces, system notifications, dynamic fields/attributes, value lists.

Sales Management:Insured company groups, sales structures, distribution channel, portfolio administrators, competency limits, associated fees, sales date, commission packages (class, product, policy), standard/preferential agent commissions, collection/sale commissions, direct/indirect/recommended commissions, ”pipe”/”multi-level” commissions, commission retained at the source.


EMSYS Functionality | All-in-One

Financial

General LedgerCost AccountingIAS / IFRS Account.Group AccountingAlternative Account.Fixed AssetsCash ManagementPlan, Budget & COAccount ReceivableAccount Payable

Logistics

Sales & Distribution Planning &

Production Control Purchasing Inventory Retail Public Acquisition

Asset Management

Asset inventory Preventive &

PredictiveMaintenance

Work Planning & Scheduling

Resources Mng. Asset Performance Life Cycle Cost Failure Analysis EHS Compliance

Investment Management

Investment Program

Financing Budgeting Project Executing Monitoring &

Control Deployment

BI & CPM

Financial Analytics HR Analytics Sales Analytics Procurements

Analytics Insurance Analytics Utilities Analytics Performance Mng.

Insurance SFA

QuestionnairesOfferingsQuotationsPolicy ManagementCollectionsClaimsCompetencies

Utilities

Clients & Contracts Services and Tariffs Meters Consumption Invoicing Collections Debts Recovery &

Contractual Discipline

Call Center

Oracle Sales Cloud

Productivity through mobilitySales team performance managementManagement and growth tools for opportunity flowsCollaboration

Project Management

WBS, Gantt Chart Network Diagram Critical Path Resources Budget Planning Executing Monitoring &

Control Closing

Core Insurance

Non-life, Life, HealthProduct Config.UnderwritingCollectionsReservesClaimsCommissionsReinsuranceCorrective Actions

Universities

Academic StructuresCurriculumStudents Life CycleFeesScholarshipsCafeteriaHostelGraduation ProcessStudents Portal

HR & Payroll

Personnel Admin. Time Management Payroll Travel Management Recruitment and

Selection Career & Training Performance

Evaluation


EMSYS – A Real-Time Approach

All models and configurations are preserved in the future versions

Dynamic restructuring of the system’s definitions

Streamlined data entry – “One person, One document, Only once”

Continuous transaction processing

Report freezing for the closed fiscal intervals

Full audit trail

Automatic system-wide information reconciliation


EMSYS – A Minimum Initial Investment

If delivered as a service, running EMSYS will NOT involve:Typically high initial investments in the hardware and software infrastructure

Because it is highly configurable, EMSYS will NOT require:Lengthy and resource intensive custom development

Because we value the long term commitment to our clientsImplementation costs can be spread over the first years of service contract


Satisfied Customer Story

Axa - Green CrescentAbu Dhabi, UAE

“Prodinf Software has provided quality work onEMSYS implementation. While working withProdinf we found them to be a service drivencompany. They have good insurance industryknowledge as well as technical skills. Prodinfproject team promptly responded to ourrequests and queries.”

Rehan Siddiqui, Head of IT Department


Axa - Green Crescent Project

Main features: Online presentations, contracting, implementation & management

SaaS delivery from our datacenters in Pitesti, Romania

Challenges Having to integrate information from heterogeneous sources, including paper based

systems

Complying to the complex regulatory requirements of the market

Benefits Zero footprint, web-based solution delivered as a monthly charged service

Minimum initial investment and no additional infrastructure maintenance costs


Insurance Processes

Quotations

Addendum

Renewal

define questionnaires printing questionnaires automatic premium calculation multilingual printing, sending via e-mail changing into offer

multilingual offer printing offer approval flows attached documents management first installment collection policy issuance sending via e-mail

collection documents electronic receipt printing policy printing receipt Total Acquisition Cost, DAC amounts ceded in reinsurance

technical reserves calculus due installments collection balance revaluation contracts cancellation reimbursement invoices management

claim file registration claim approval processes payment orders issuance claims payments claim reserve calculus debts recovery reinsurance ceded amounts calculus

Offers

Claims

Policies

additions/corrections objects, risks objects/risks deletion change payment mode contract extension portfolio transfer changes: client, assignee, beneficiary

Collections

Payments

Reinsurance

Commissions

Accounting


WHO WHAT

HOW

Principal- Employees

Individuals

Dependents:- Spouse- Children- Others

Beneficiaries

Groups of Companies

Company 1 Company 2

Medical Procedures- International codes catalogue: CPT, HCPCS,

Drug, Dental, Service Code, IR-DRG

Diagnosis- International codes catalogue: ICD-9, CD-10

Healthcare Benefits- In/Out Patient- Maternity, eye, dental

Rules & Restrictions- Territorial limits- Time limits- Out patient fees deductibility- Additional benefits: physiotherapy, routine

checks, child vaccinations, transplants

WHERE

Medical facilities- Hospitals- Individual medical practice- Pharmacy networks

Table of BenefitsInsurance Plans

Offers & QuotationsDraft Contracts

Approval FlowsDocument Checklists

Contract SigningInvoicing

Document Output:- Contracts- Invoices- Certificates- Broker letter, Debit/Credit Note

Health Card Management:- Printing- Delivery


Product Configurator Interface


Dynamic Field Interface


Sales Force Management Interface


Accounting

Generating financial transactions from all technical transactions 100% Technical = Accounting

Accounting monographs configuration at the standard Insurance products level Contracts transactions:

Gross Written Premiums; Cancellations; Reinstatement of cancelled policies; Policy premium balance reevaluation Contract cancellation without premium reimbursement; Policy reversal (annulment) ;

Collection and Payments transactions:Premium collection; Collection in advance; Collection through intermediaries; Exchange rate differences; Commissions retained;Promotional installments premium collection; Claim files payments; Premium reimbursement; Collection bordereaux with balance;Tolerance for collected premiums; Collection of bordereaux in balance: unclear amounts, income amounts, amounts for reimbursement

Claims and debts recovery transactions: Opening claim file; Closing claim file; Reopening claim file; Debt Recovery opening; Debt Recovery collection: standard collection, collection from bank or from TPA’s; Other expenditures for debt recoveries

Commissions transactions:Total acquisition costs; Deferred Acquisition Costs (DAC); Approved due commission invoice; Approved due commission payment

Reinsurance transactionsGross Written Premiums ceded; Reinsurance commissions; Collected premiums ceded; Premium reserve Ceded; Claims payments ceded

Technical reserve’s transactionsGross Written Premium Reserve (UPR); Mathematical Reserve; Catastrophe reserve; Claims reserve (RBNS)


Sales Force Automation

Web application for brokers and sales force

Dynamic generated interfaces based on product and workflows configuration

Intuitive and easy-to-use interfaces, minimal training requirements

Instant quotations for clients

Configurable printing templates

Restrictions based on the user’s role in the system and competency

Portfolio management Dashboard

Actuarial rules to assure the compliance of the established rules and to avoid the frauds


Non-life - CASCO


Life Insurance – Unit Linked

Life Insurance

Unit Linked Product

Investment Funds participation

Estimated efficiency

Beneficiaries

Additional protection


Group Health Insurance

Large number of insured persons

Contract sections configuration capabilities

Beneficiary files upload

Group of Companies

Insurance Plans-Table of Benefits

Contract Documents check list

Invoicing


Group Health Insurance Challenges

New to the market, difficult to grasp in detail

Complex and information intensive nature

Requires tight control throughout all related processes

Difficult to keep customers satisfied while ensuring desired profit margins
