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EACC EAC Invest AS

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Share Name Share Symbol Market Type
EAC Invest AS AQEU:EACC Aquis Europe Ordinary Share
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eAutoclaims and GreenLeaf Auto Recyclers Announce Automated Parts Estimate Review and Technology Agreement

05/01/2005 2:29pm

PR Newswire (US)


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eAutoclaims and GreenLeaf Auto Recyclers Announce Automated Parts Estimate Review and Technology Agreement OLDSMAR, Fla., Jan. 5 /PRNewswire-FirstCall/ -- GreenLeaf Auto Recyclers, a leading supplier of recycled parts and services to the Automotive Collision Repair industry, and eAutoclaims (OTC:EACC) (BULLETIN BOARD: EACC) , a leading provider of managed collision repair services and insurance claims processing technology applications, announced today a technology licensing agreement that enables the GreenLeaf "Automated Parts Review" process. The technology agreement for EMS estimate part searches powered by eAutoclaims' eDataTransfer(TM) streamlines the recycled parts procurement process and improves recycled parts utilization. "Automated Parts Review" and parts sourcing is provided through the GreenLeaf online "Rapid Parts Locating System" and the GreenLeaf America Call Center. eAutoclaims will provide the EMS technology tools to automate the processing of estimate part searches. eAutoclaims will power the estimate upload for GreenLeaf comprehensive collision estimate reviews to GreenLeaf America. Currently, GreenLeaf processes over 500,000 transactions a month through traditional methods and its fast growing online tool "Rapid Parts Locating System." The technology will automate a significant portion of these transactions. eAutoclaims and GreenLeaf will display parts review results in the eAutoclaims EMS rules based Audit tool, AuditPro(TM). Insurance companies can now use one application for a complete electronic EMS auditing tool and recycled parts locater with the salvage parts results right under the OEM part number in the estimate. The combination of the two features will improve recycled parts utilization, improve efficiencies and reduce costs. The system allows eAutoclaims network members the ability to conduct high- speed parts reviews, the ability to view parts and prices from multiple recycle yards in a single transaction, and determine availability; all in an automated fashion. Collision centers and appraisers now have the ability to locate recycled parts, receive a quote and order parts in one simple transaction. By combining the Automated Parts Review with eAutoclaims AuditPro(TM) rules-based audit program, shops and appraisers can ensure compliance to insurance company guidelines prior to submitting the estimate to the insurance company or providing a copy of the estimate to the consumer. User support is available from the GreenLeaf America Call Center and technical support is provided by the eAutoclaims organization. "We are also very excited about the integration of eAutoclaims' EMS tool, eDataTransfer(TM) into our web site. eDataTransfer(TM) will enable our current and future parts customers to upload their entire repair estimate and GreenLeaf will display the complete results for all available parts in inventory," continued Mr. Milligan. "This will make getting quotes on the entire estimate a one-click process and streamline the entire process for all users." "This agreement with GreenLeaf will provide our clients with greater savings generated by improved salvage parts utilization, where it is appropriate," stated Eric Seidel, President/CEO of eAutoclaims. "The new tools will also further automate our internal processing of estimates for the eAutoclaims Managed Collision Repair Program and eliminate the phone calls previously required to confirm parts availability." In addition to the parts review by GreenLeaf, the licensing of eAutoclaims technology is consistent with the eAutoclaims strategy to provide value-added web-based applications to service providers in the insurance industry. "eAutoclaims has been using our proprietary EMS tools in our production environment for quite sometime now. The technology has evolved and we and our clients have derived great value from this product. Providing a license to GreenLeaf for parts procurement is a natural extension of our ASP sales and the impact to the industry is expected to be meaningful." Seidel continued, "The people at GreenLeaf are committed to providing collision shops and carriers with value added technology to improve efficiencies, reduce cycle time and reduce indemnity expenses." GreenLeaf Auto Recyclers has one of the most advanced call centers, automated parts estimate review, and proprietary web-based parts quoting process in the industry. By combining superior technology with exceptional customer service, we make the task of locating and pricing quality salvage parts easier than ever before. The web-based process is available to shops, Staff Appraisers, Independent Appraisers, and insurance company staff 24/7. For more information about how Automated Parts Review can help you, call 1-866-231-0013. GreenLeaf Auto Recyclers -- originally incorporated in March 1999 by Ford Motor Company -- has been privately held since June 2003. Our goal is to provide the Right Part, On Time, at a Competitive Price. With our advances in technology and the introduction of our "Automated Parts Review Process" and our web-based "Rapid Parts Locating System" we feel that we are in a position to advance the objectives of our customers in their pursuit of reduced cycle time and cost. For more information, visit http://www.greenleafauto.com/ . eAutoclaims(TM) (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, Inc. CONTACT: Jeff Dickson, Chairman, eAutoclaims, Inc., +1-813-749-1020, ext. 2202, or Web site: http://www.eautoclaims.com/

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