Menu
Gratex targets A/NZ insurers with UPM2

Gratex targets A/NZ insurers with UPM2

Software vendor uses local developer to create end-to-end business solution

Gratex is hoping to gain a foothold in the local insurance space with UPM2, its latest underwriting process management software suite.

The Slovakian business systems vendor has used its Australian development team to design the software with local insurance agencies in mind.

Gratex International Australia managing director, Milan Neklapil, said UPM2 covers areas such as financial management and audit trails to customer relationship management (CRM) and reporting.

“It’s an end-to-end business management system for managing all aspects of an insurance agency,” he said.

Neklapil said there is no special reasoning for the timing of the release beyond addressing the current needs of insurance agencies.

Local demand

Gratex carried out a survey that found 68 per cent of underwriting agencies pointed to fierce competition in the marketplace as the key challenge.

Seventy-four per cent of respondents also said business systems are critical in improving their business flexibility and scalability in this environment

“The insurance market is very competitive, with newcomers and insurers selling products directly,” Neklapil said.

“Those insurance agencies need to be agile in terms of competing with those other players.”

Gratex hopes UPM2 will stand out in the A/NZ region for its home-grown customisation.

“It is well suited for the local market and to gain a market share among local companies,” Neklapil said.

Patrick Budmar covers consumer and enterprise technology breaking news for IDG Communications. Follow Patrick on Twitter at @patrick_budmar.


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags insurancebusiness softwarefinancecrm

Featured

Slideshows

Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.​

Tech industry comes together as Lexel celebrates turning 30
HP re-imagines education through Auckland event launch

HP re-imagines education through Auckland event launch

HP New Zealand held an inaugural Evolve Education event at Aotea Centre in Auckland, welcoming over 70 principals, teachers and education experts to explore ways of shaping and enhancing learning using technology.

HP re-imagines education through Auckland event launch
Show Comments