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AUTOMATE VENDOR MANAGEMENT PROCESSES WITH VIP SOFTWARE’S NEW GUIDEWIRE
MARKETPLACE INTEGRATION

May 07, 2024 08:55 AM Eastern Daylight Time

SAN MATEO, Calif. & LAKELAND, Fla.--(BUSINESS WIRE)--Guidewire (NYSE: GWRE) and
VIP Software™ announced that VIP Software’s new Ready for Guidewire validated
accelerator is now available to ClaimCenter users in the Guidewire Marketplace.

> “The VIP Software accelerator empowers our shared customers to manage vendors
> and loss costs across all lines of business, all without leaving ClaimCenter.”
> 
> Post this

VIP Software is a leading billing and vendor management platform that helps
insurers proactively manage loss costs and reduce claims leakage through
automation and analytics. Its BAP™ solution enables insurers to automate the
creation and approval of vendor invoices, auditing all invoices against fee
schedules. It also automatically allocates all loss adjustment expenses to the
proper claim files.

With the VIP Software BAP Accelerator for ClaimCenter, insurers can:

 * Reduce manual processes with automatic data transfer between ClaimCenter and
   VIP Software;
 * Automatically create vendor invoices leveraging contracted fee schedules to
   facilitate accurate, quick payment and prevent late loss cost development;
   and
 * Improve straight-through-processing, leading to reduced operational costs.

VIP Software can also serve as a conduit, connecting multiple systems and
further streamlining vendor management processes for insurers.

“Our technology standardizes billing and vendor management for insurers,
enabling them to streamline validation, audit, reconciliation, and allocation
processes for their vendor billing,” said Artie Makris, Vice President,
Marketing, VIP Software. “The VIP Software accelerator empowers our shared
customers to manage vendors and loss costs across all lines of business, all
without leaving ClaimCenter.”

“Congratulations to VIP Software on the release of its new ClaimCenter
integration,” said Will Murphy, Vice President, Global Technology Alliances,
Guidewire. “VIP Software provides a proactive solution that helps strengthen
insurer-vendor relationships by providing transparency and consistency through
technology, without the need for manual intervention. We look forward to seeing
our shared customers reap the benefits of our partnership with VIP Software.”

About VIP Software

VIP Software is the leading loss cost platform for insurers, offering billing
automation and access to industry data for vendor pricing and performance. With
a mission to streamline vendor management processes, VIP Software empowers
insurers to make informed decisions and drive operational excellence.

About Guidewire PartnerConnect ecosystem and Ready for Guidewire

Guidewire’s solution ecosystem is the largest in the P&C industry, with over 205
solution partners providing over 250 integrations in the Guidewire Marketplace.
Guidewire PartnerConnect Solution partners provide software, technology, and
data solutions as well as insurance support services. Our Solution partners help
drive business value and innovation for insurers by developing and delivering
integrations, extensions, apps, and other complementary solutions for Guidewire
products. All of our Ready for Guidewire partner solutions are validated for
security, quality, and compatibility with Guidewire, and can be found on the
Guidewire Marketplace.

For more information about Guidewire PartnerConnect, please visit
http://www.guidewire.com/partners.

About Guidewire Software

Guidewire is the platform P&C insurers trust to engage, innovate, and grow
efficiently. We combine digital, core, analytics, and machine learning to
deliver our platform as a cloud service. More than 540 insurers in 40 countries,
from new ventures to the largest and most complex in the world, run on
Guidewire.

As a partner to our customers, we continually evolve to enable their success. We
are proud of our unparalleled implementation track record, with more than 1,600
successful projects, supported by the largest R&D team and partner ecosystem in
the industry. Our marketplace provides hundreds of applications that accelerate
integration, localization, and innovation.

For more information, please visit www.guidewire.com and follow us on X
(formerly known as Twitter) and LinkedIn.

NOTE: For information about Guidewire’s trademarks, visit
https://www.guidewire.com/legal-notices.


CONTACTS

Melissa Cobb
Senior Public Relations Manager
Guidewire Software, Inc.
+1.650.464.1177
mcobb@guidewire.com

Artie Makris
VP, Marketing
VIP Software
813-837-4347
amakris@vipsoftware.com


GUIDEWIRE SOFTWARE

NYSE:GWRE


RELEASE SUMMARY

Guidewire & VIP Software announced that VIP Software’s new accelerator is now
available to ClaimCenter users in the Guidewire Marketplace


#HASHTAGS

 * #insurance
 * #vendormanagement
 * #insurancetechnology
 * #innovation
 * #propertyandcasualtyinsurance


SOCIAL MEDIA PROFILES

 * Guidewire Software on Facebook
 * Guidewire Software on Twitter
 * Guidewire Software on LinkedIn




MORE NEWS

 * May 03, 2024
   Cognizant Achieves Guidewire Migration Acceleration Specialization to Speed
   Insurers’ Move to Guidewire Cloud
 * April 30, 2024
   Guidewire Expands Insurtech Vanguards Pitch Days, Taking Event Global
 * April 24, 2024
   Guidewire Launches DEVSummit


CONTACTS

Melissa Cobb
Senior Public Relations Manager
Guidewire Software, Inc.
+1.650.464.1177
mcobb@guidewire.com

Artie Makris
VP, Marketing
VIP Software
813-837-4347
amakris@vipsoftware.com




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