HERNDON, Va., Oct. 20, 2015 /PRNewswire/ -- MicroPact, Inc., the global leader in Data-First™ Case Management and Business Process Management (BPM) software, today announced that the Tennessee Department of Commerce and Insurance (DCI) successfully deployed Versa: Regulation and Versa: Online for Renewals, completing the first phase of an enterprise-wide upgrade of the state agency's Regulatory Board System (RBS).
DCI originally selected MicroPact (formerly Iron Data) in 2013 based on the company's more than 20 years of experience and unmatched in subject matter expertise delivering licensing and enforcement solutions to state agencies.
"MicroPact has a proven track record of success with regulatory projects of this scope and complexity," said Tom Sechler, CEO of MicroPact. "We look forward to continuing our long and productive relationship with the great state of Tennessee as we empower the Department of Commerce and Insurance to improve operations and provide the best possible service as it looks out for the health, safety and welfare of the citizens and businesses the agency serves."
The new regulatory management system will allow DCI to track all licensing, renewal, enforcement and compliance activities for a diverse range of businesses and professions. The agency will use the system to manage 35 regulatory boards representing a wide variety of industries including cosmetology, accounting, contracting and real estate, with a total of 120 types of professional licenses.
"This deployment marks another success for MicroPact and our regulatory solutions," said Brian Combs, Vice President, Solutions and Services at MicroPact. "We are dedicated to delivering the most advanced enterprise solutions to the public sector in order to ensure the highest returns on each and every investment they make."
MicroPact's Versa is a highly flexible and configurable enterprise solution that is specifically designed to meet the challenges of integrating multiple, diverse regulatory programs onto a common enterprise application. Other benefits include 24/7 online access to citizen services, improved operational efficiencies via integrated workflow tools, improved information sharing with key stakeholders, and real-time data reporting and analytics.
MicroPact's licensing and regulation solutions are used by more than 90 regulatory agencies, boards and departments across 49 states. Agencies of all sizes – from small boards with a single user to multi-board umbrella agencies with as many as 1,200 users – utilize a MicroPact product to process nearly 20 million applications and renewals each year.
For nearly four decades, MicroPact has focused on engineering commercial off the shelf (COTS) solutions for US Government agencies and Fortune 500 corporations. Today MicroPact solutions serve 97% of federal agencies with 500 or more employees, 98% of U.S. states, and enjoy a 97% annual renewal rate.
SOURCE MicroPact, Inc.