ProcessClaims Surpasses Its 100,000th Live Transaction

    REDONDO BEACH, Calif.--May 23, 2001-- ProcessClaims, the first Internet claims solutions provider to translate live data via the Internet, has surpassed its 100,000th live transaction.
    ProcessClaims, the leading provider of Internet-based claims solutions, again demonstrates the ability to move live claims from insurance clients to all of their trading partners, regardless of the four major estimating systems they use.
    For more than a year, ProcessClaims has successfully demonstrated the ability to seamlessly drop an assignment into any user's estimating system of choice and then with 100 percent accuracy extract the data, translate the estimate into a standard format with images, provide real-time management reports, and seamlessly kick off other claims-related activities, including total loss valuations, parts procurement, salvage assignment and CSI reporting.
    "Our focus has been and will continue to be our core product. ProcessClaims is focused on the evolution of our core product and the tools we have built around it to manage the claims process," explained Paul Farber, ProcessClaims chief executive officer. "While many companies continue to talk about their next-generation solutions, ProcessClaims continues to deliver each day. We are focused on continually delivering the best-of-breed solution and a toolset that our customers demand."
    "We have seen a dramatic reduction in our overall cycle time using ProcessClaims. ProcessClaims enables us to electronically manage the claim from assignment through payment, including the ability to truly measure our cycle time and management data in real time," stated Michael McKinzie, vice president-claims of Financial Indemnity Co.
    "ProcessClaims tools enable us to communicate not only with all of their enlisted clients, but also with our other insurance clients, removing many manual processes. Additionally, we can manage our outputs in real time using the ProcessClaims Management Reporting tools, as opposed to after the fact, creating a win-win for our insurance partners and customers," commented Aussie Kizirian of Jim and Jack's Autobody.
    ProcessClaims.com is the Internet-based bridge linking the insurance and collision repair industries and their trading partners. By harnessing the power of the Internet and applying the company's unique data translation technology and industry expertise, ProcessClaims provides the auto claims industry with the freedom to do business more efficiently and cost-effectively.
    For more information on ProcessClaims, contact Adam Levy at 310/937-4040, ext. 114, or via e-mail at Adam.Levy@ProcessClaims.com.