CSC Licenses Vendor Solutions Suite to Nexxus Solutions Group
National Contractor Uses Software to Improve Vendor Service Relationship
FALLS CHURCH, Va. -- October 25, 2012
CSC (NYSE: CSC) today announced Nexxus Solutions Group, a national contractor
and service provider network serving North American property and casualty
carriers, has licensed and is now using CSC’s vendor relationship management
software, Vendor Solutions Suite. Through a five-year hosting arrangement with
CSC, Nexxus will rely on Vendor Solutions Suite to oversee the claim
management process and monitor vendor performance as the company partners with
emergency repair, general repair, water mitigation, construction and
remodeling businesses on behalf of clients.
Vendor Solutions Suite provides end-to-end support by connecting insurers to
vendors through a consistent, Web-based platform. Nexxus will use Vendor
Solutions Suite to update vendor information, rate and identify vendors based
on performance, monitor vendor credentials and enhance communication between
parties. Vendor Solutions Suite can be implemented at a client site, hosted by
CSC or deployed as a Software as a Service.
“As a start-up business run by industry veterans, we knew that analysis and
reporting capabilities were critical to our operations, as well as our
services to our clients,” said Rick Hayne, chief executive officer, Nexxus
Solutions Group. “Vendor Solutions Suite is helping us to better manage our
service relationships. Now that we have access to powerful metrics on vendor
performance and costs, Nexxus is positioned to reduce expenses and improve
“For many businesses today, external partner costs account for a significant
portion of overall operating expenses, yet service partner management is
typically overlooked when modifying company processes,” said Jeffery Schwalk,
president of CSC's Property and Casualty Insurance Division. “With streamlined
vendor management processes and measurement tools, companies can reduce costs
immediately. Vendor Solutions Suite automates and simplifies the vendor
assignment process, adds transparency, promotes best practices and leads to
Vendor Solutions Suite automates the entire vendor relationship management
process. The software helps to manage vendor assignments, control vendor
relationships, reduce service cost, improve workflow efficiency, increase
compliance communication and governance to promote best practices, and track
the quality and performance of vendors. For more information, visit
Learn more about Nexxus and their strategy for investing in technology to
enhance operations and service to clients by watching this video case study.
About Nexxus Solutions Group
Nexxus Solutions Group is a national contractor, service provider network
servicing the U.S. Insurance Industry. Our seamless approach encompasses
emergency repairs, water mitigation, construction, remodeling as well as all
other general repairs on residential and commercial losses. Our focus is to
exceed our customer’s expectations by delivering quality repairs and service,
thus reducing cycle times through a team of the best contractors and service
providers in the industry. For more information, visit www.nexxussg.com.
About CSC in Financial Services
More than 1,200 major banking, insurance, investment and wealth management,
and securities firms rely on CSC's global financial services team to turn
their ambitions into realities. With a track record for delivering software,
consulting, and IT and business process outsourcing and services at scale, CSC
brings a deep understanding of the financial services business and a
collaborative culture to one of the industry's most engaged client
communities. For more information, visit www.csc.com/financialservices.
CSC is a global leader in providing technology-enabled business solutions and
services. Headquartered in Falls Church, Va., CSC has approximately 96,000
employees and reported revenue of $15.9 billion for the 12 months ended June
29, 2012. For more information, visit the company's website at www.csc.com.
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Marian Kelley, 512-275-5722
Director, Media and Analyst Relations
Financial Services Group
Joel Shadle, 703-645-2660
Global Media Relations
Steve Virostek, 703-641-3000
Director, Investor Relations
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