In a corporate
reorganization of a Fortune 100 telecommunications company, more
than 800,000 shareholders exchange existing shares for new shares
and cash. 500,000 registered accounts are processed in just six
weeks using state-of-the-art scanning technology and customized,
engineered software.
During numerous class-action settlements, the elections of more
than 20,000,000 policyholders of several of the insurance industry's
largest companies are processed. More than 5,000,000 accounts are
consolidated for cost-effective householding purposes. Separately,
inquiring policyholders receive quick responses from more than 2,000
customer service representatives empowered with point-of-contact,
digital access to the policyholder files.
In a major insurance company demutualization, a voting database
is identified, and 4,000,000 policyholders are converted; their
files are consolidated for householding and final consideration
distributions are calculated.
What do these
high-profile transaction processing challenges have in common?
The Colbent Corporation.
For more than 15 years, Colbent has been behind the scenes -
applying expertise, sound methods, manpower and technology to
complete critical transaction processing assignments. When managing
corporate reorganizations, class-action settlements and insurance
demutualizations, the most demanding corporations, insurance
companies and transfer agents outsource to Colbent.
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