ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

EACC EAC Invest AS

0.00
0.00 (0.00%)
- - Closed
Realtime Data
Share Name Share Symbol Market Type
EAC Invest AS AQEU:EACC Aquis Europe Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

eAutoclaims Set to Launch 'Audit-Pro'

04/04/2005 4:08pm

PR Newswire (US)


EAC Invest AS (AQEU:EACC)
Historical Stock Chart


From Jul 2019 to Jul 2024

Click Here for more EAC Invest AS Charts.
eAutoclaims Set to Launch 'Audit-Pro' New Product Receives Strong Market Demand OLDSMAR, Fla., April 4 /PRNewswire-FirstCall/ -- eAutoclaims (OTC:EACC) (BULLETIN BOARD: EACC) , a leading provider of managed collision repair services and insurance claims processing technology applications, today announced that the recent beta version of the Internet-based collision estimate review application called Audit-Pro has received high marks from user groups in testing and trials. The Audit-Pro product electronically audits estimates written from auto appraisal sources and significantly reduces the manual process of reviewing estimates for insurance companies. The company has a waiting list of new clients ready to launch the 2.5 version when released in mid-April. eAutoclaims' Special Markets Division, created to service the ADP Claims Service Co-Marketing agreement, has also received commitments to use Audit-Pro. "We are excited about the early demand for our unique auditing platform. Audit-Pro is a transaction fee-based product that adds another meaningful component to our strategy of growing our high-margin ASP product line revenue," commented Eric Seidel, eAutoclaims President and CEO. "We expect to execute several thousand monthly transactions through Audit-Pro in a short period of time and ramp accordingly as full roll-out is reached. Based on the early feedback, we believe the transaction count and corresponding click fee revenue for this product will grow faster than we originally anticipated." Audit-Pro is a proprietary online application developed by eAutoclaims. The product electronically applies auditing guidelines established by insurance companies to programmatically audit repair estimates for accuracy by identifying exceptions. The significance of the exceptions are weighted according to the carrier's value of the exceptions and routed based on the severity of the exception to the correct person or third party for further review. The estimate may also be automatically returned to the appraisal source with a request to review the exceptions and resubmit. The current review process used by most insurance companies involves manually auditing collision repair estimates one at a time with skilled staff or by outsourcing the service for a fee to third parties. Normally the fee for such service can range from $25-$35 per transaction, depending on the detail and quality of the service being provided. Standard Audit-Pro fees are normally $8 per transaction and response time is instantaneous, thus saving time and money for the client. About eAutoclaims eAutoclaims (OTC:EACC) (BULLETIN BOARD: EACC) is a business services company that provides the insurance industry with claims management services through both ASP and integrated outsourcing solutions. The Company's clients are insurance companies, fleet management companies and insurance services companies. eAutoclaims' solutions streamline the claims handling process, decreasing the overall time and cost required to process a collision claim and reducing average paid losses for its clients. The Company handles repair estimates, repair audits, and claims systems administration services for automobile claims that are processed and tracked via the eAutoclaims web-based platform and network of service providers. This announcement contains "forward-looking statements." Words such as "anticipate," "believe," "estimate," "satisfies," "expect" and other similar expressions as they relate to the Company and its management are intended to identify such forward-looking statements. Although the Company and its management believe that the statements contained in this announcement are reasonable, it can give no assurances that such statements will prove correct. Factors that could affect the occurrence of events or results discussed herein are included with those mentioned in the Company's filings with the Securities and Exchange Commission. DATASOURCE: eAutoclaims CONTACT: Mark McPartland, Alliance Advisors, LLC, +1-910-221-1827, or , for eAutoclaims Web site: http://www.eautoclaims.com/

Copyright

1 Year EAC Invest AS Chart

1 Year EAC Invest AS Chart

1 Month EAC Invest AS Chart

1 Month EAC Invest AS Chart

Your Recent History

Delayed Upgrade Clock