- December 7, 2009
- Posted by:
213-596-6253 ext. 704
SANTA CLARA, Calif. – December 7, 2009 – Savvion, the trailblazing business process management company today announced that Reliance Life Insurance, A Reliance Capital Company, one of India’s large fastest-growing life insurance companies, was awarded the Silver Global Award for Excellence in BPM & Workflow for its innovative use of Savvion business process management software to support its rapid growth and improve business productivity.
Now in their 16th year, the annual Global Awards for Excellence in BPM & Workflow (http://www.bpmf.org/awards/BPM-Workflow_Awards_overview.htm) recognize organizations that have demonstrably excelled in implementing innovative solutions to meet strategic business objectives. Particular attention is paid to implementations that support processes extending beyond the corporate boundaries to support customers, suppliers, trading partners etc. The awards are jointly sponsored by BPMFocus.org and Workflow Management Coalition (WfMC) with support from industry associations Object Management Group (OMG) and BPM.com.
Reliance Life has used Savvion business process management software to get real time end-to-end visibility into its underwriting process, integrate previously siloed systems, and reduce underwriting turnaround time from two weeks to only four hours.
“BPM is a strategic growth driver for us. We are seeing immense benefits from our BPM implementation in terms of turnaround time, lower costs and increased flexibility,” said Chandrasekaran Mohan, CIO, Reliance Life.
“This award reinforces the value we are delivering to our customers globally,” said Dr. M.A Ketabchi, President, CEO and Founder, Savvion Inc. “As a pioneer and leader in BPM, we are committed to delivering high performance BPM solutions that enable our customers to gain visibility into their operations, continuously improve their business processes and drive long-term growth. Quite literally in this case, when our customers win, we win.”
About Reliance Life Insurance
Reliance Life Insurance Company Limited is one of the India’s top 5 private sector life insurance companies with business premium including renewal premium of over Rs 1,000 crore (as on 31st March 2007).
It has a pan-India presence and a range of products, as many as 23, catering to individual as well as corporate needs. Reliance Life Insurance Company Limited is an associate company of Reliance Capital Limited, which is a part of the Reliance Anil Dhirubhai Ambani Group. The company aims to attain a leadership position in the market in the next few years by further expanding and strengthening its distribution network.
About Savvion (www.savvion.com)
More than 300 of the world’s top-performing companies, including 24 of the Fortune 100, choose Savvion to operate more productively and profitably. As the business process management trailblazer, Savvion moves enterprises beyond ordinary BPM with groundbreaking business-critical software solutions and services that make them more competitive and cost-efficient, including a return on investment as high as 300%. Savvion has a proven track record for turning process improvement ideas into real world solutions within 30 days, providing the highest ROI for the lowest total cost of ownership. Headquartered in Santa Clara, California, Savvion can be reached at www.savvion.com or 888-544-5511.
The Savvion logo, Savvion, and all Savvion products are trademarks or registered trademarks of Savvion, Inc. All other trademarks mentioned herein are the property of their respective owners.