Tata Consultancy Services and WCIRB Launch Transformational STAR Operating System
STAR Online Delivers Game-Changing Efficiencies, Savings and More Policy Elements
MUMBAI, India, Oct. 28, 2013 /PRNewswire/ -- Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading IT services, consulting, and business solutions organization, today announced it has partnered with the Workers Compensation Insurance Rating Bureau of California (WCIRB), using TCS' innovation, proven delivery and technology expertise to develop and rollout WCIRB's STAR operating system. This new system will modernize and fundamentally transform the WCIRB's interactions with insurers and serve as an enabling platform to deliver on its new business strategy.
The significant improvements brought about by the STAR 'Phase 1' rollout include capture and auditing of unit statistical reports, along with production, publication and distribution of experience rating worksheets. The second phase includes policy data-management tools that will enable electronic policy data reporting for insurers, and the initial release of STAR Online, a new service for carriers to manage USR data submissions, correspondence and more. With this deployment, the WCIRB will begin decommissioning its mainframe system and, in conjunction with the online services provided via STAR Online, will be positioned to provide new operational efficiencies.
This launch culminates a three-year effort to replace WCIRB's mainframe system. This significant and complex project was delivered on time and on budget.
"STAR is the product of a successful partnership among the WCIRB, our members, and our technology partner, Tata Consultancy Services," said Bill Mudge, WCIRB President & CEO. "It represents a tremendous leap forward in our capabilities and offers insurers an opportunity to streamline their interactions with us, reduce costs, and improve operational performance. TCS committed to bring this project home for us on time and on budget and they fully delivered on that promise. "
"The STAR project undertaken by the WCIRB is an example of a true transformational program. The replacement of mainframe systems allows the WCIRB to both streamline many internal processes, as well as greatly improve the efficiency of its interactions and communications with its members", said Suresh Muthuswami, President, Insurance and Healthcare at TCS. "We are excited to continue our work with WCIRB as its transformation and innovation partner of choice."
In the 4th quarter of 2013, STAR Online will be further enhanced to provide licensed agents and brokers with free access to experience modifications, WCIRB assigned classifications, and X-Mod Direct® automated alerts. Agents and brokers of record will also be able to download experience rating worksheets and classification inspection reports for their policyholders.
Enrollment for the STAR Online system has begun. For details about the new STAR Online system or to learn how to begin the enrollment process, visit: http://www.wcirb.com/content/star-online.
About Tata Consultancy Services Ltd (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPO,infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India's largest industrial conglomerate, TCS has over 277,000 of the world's best-trained consultants in 44 countries. The company generated consolidated revenues of US $11.6 billion for year ended March 31, 2013 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
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SOURCE Tata Consultancy Services
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