United India Insurance co signs 7-year pact with HP

CHENNAI:
United Republic Of India Insurance Company Ltd on Thursday signed a seven-year agreement
with Hewlett Packard for getting hardware and software system support to improve
services and cut down transaction
costs. The undertaking cost is Rs
100 crore, spreading out as Rs 70 crore for the hardware and Rs 30 crore for
software, services, care and preparation over seven years, Gram Srinivasan,
Chairman and Managing Director of United Republic Of India Insurance, told a press
conference here today. The
scope of the system integrating would include supply, customisation,
implementation and care of core and other application software, hardware
and system software, he
said. HP, along with its
partner SSP, would implement Dog Star 4 Insurance (S4I), a centralised core
insurance application for United
India. horsepower would also implement
SAP endeavor resource planning (ERP) platform for fiscal accounting and
human working capital direction solution, horsepower Republic Of India Managing Director Balu Doraisamy
said. Srinivasan said this core
insurance solution would assist addition the company's degree of client service
apart from reducing the IT and transaction
costs. "We would be able to
save about 20 to 22 per cent per dealing once this is implemented," he said,
adding that the company could retrieve the undertaking cost within two
years. In the initial phase,
the solution will be implemented as a airplane pilot undertaking from September adjacent year,
and by the end of adjacent year, it would be implemented in all the business offices of the
company, the CMD said.