Percana expands to offer Outsourcing Services for the Life and Pensions Industry in Europe
Percana Group has now expanded their business model to provide Life & Pensions Outsourcing Services, based upon their flagship product Eclipse, a web enabled, product rule based, front and back office policy administration system. This strategic move was made in response to substantial interest in the marketplace for Life & Pensions Outsourcing.
Paul O’Kane CEO, Percana Group said “The size of the potential market and the level of interest from new and existing domestic and international life companies combined with our existing product offering were the main drivers for Percana to undertake this initiative. Competitive cost, quality of product and service, flexibility and speed to market are the main factors in the making of a deal. We have significantly increased our potential market by this move and are in advanced negotiations with a number of companies to provide both our product Eclipse and Outsourcing Services. It is very much a natural progression for Percana to expand into the provision of Outsourcing Services. Percana now provides the full range of services in the Life and Pensions sector which include Consultancy, Product Development and Outsourcing”.
Percana is ideally positioned to enter this arena because of its existing product offering and significant experience in the provision of Outsourcing Services to the Life & Pensions industry. John Poole, Research and Development Director of Percana Group commented, "From the outset, we placed considerable emphasis on R&D, investing heavily in our flagship product “Eclipse”. This investment combined with Enterprise Ireland support and approval for a grant under the Research Technology and Innovation (RTI) scheme, has and continues to, make substantial contributions to the growth of the company".
Percana’s Outsourcing Service is attractive for a number of key reasons. These are competitive cost, speed to market of new products, superior service utilising new technologies and proven experience in Outsourcing in the Life & Pensions area.
Eugene Larmon, Product Development Director of Percana Group explained the company’s competitive edge, “Percana’s development and ownership of the Eclipse software allows us to keep costs to a minimum and gives us a serious advantage over our competitors”. Outsourcing options include flexible pricing methods, contract terms and implementation strategies including an option to purchase an Eclipse licence at contract renewal stage.
