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ActekSoft ACom3 Review

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ActekSoft was founded in 1999 and currently supports over 30 clients (mostly in the insurance industry).  I talked about them earlier this year when they got acquired by Callidus Software. Acteksoft’s flagship product is called ACom3 and can be deployed On-Premise or On-Demand.  Approximately one third of ActekSoft’s clients are currently hosted.

As I’ve discussed in a previous post, Gartner recently released their 2009 ICM MarketScope for the insurance industry. Gartner cites the following as some of the main reasons why ActekSoft deserved a positive rating:

ActekSoft was rated Positive this year, due primarily to its deep understanding and ability to deliver health insurance requirements, the number of new deals in the past 12 months and the positive nature of its customer references. Four of its customers were interviewed for this report… Several themes resonated throughout these interviews. First, ActekSoft is very committed to the pricing that is quoted to the customer… Second, customers cite a culture of customer satisfaction and commitment to project delivery.

ACom3 is accessible via a web browser. After logging into the application, administrators find themselves into a relatively intuitive interface; the various application areas are accessed via the top menu, and configuration for each of those areas are accessible in the left menu. Different sections can also be expanded and collapsed by clicking on the + or - icons. The content of each of these sections is completely configurable by simply dragging and dropping fields into the appropriate section. Sections can also easily be added as required.

A plan consists of ‘schedules’ which are applicable to a certain region and hierarchy. These schedules are rule driven and reference formulas, filters, tables, etc. Reference data is typically imported into the application, but editing information such as transaction details or producer information can be performed manually by inserting text into text boxes, or by selecting values from drop down menus.

The look and feel of the interface for payees is very similar to the administrator’s interface. Upon logging in the application, the payees can access performance details for themselves and for their subordinates via reports and dashboards. They can also access important information such as their appointments, their book of business, etc.

All of these features are very similar to what is expected from any sales performance management solution, so you may wonder what makes ACom3 different than other non-insurance specific solutions. I will discuss some of these differentiators in my next post.

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Related Posts:
Callidus Software Acquires ActekSoft
ActekSoft ACom3 Review Part 2

Callidus Software Acquires ActekSoft

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I talked about Actek (recently rebranded as ActekSoft) before, and I was actually just getting ready to post a review I did of their software before the holidays. If you are not familiar with ActekSoft, it is another company with an incentive compensation software called ACom3, focusing on the insurance industry and gaining quite a bit of momentum and popularity in that vertical. Insurance is often a different beast in the incentive world because of many industry-specific requirements such as agent capacity planning, selection and on-boarding, licensing and appointment management.

Getting to the point, today Callidus announced they were acquiring ActekSoft. Through this acquisition, Callidus is getting a sizable customer base, a solid intellectual property, and significantly more insurance industry expertise. With Callidus’ push to be a leader in the hosted/on demand world, and with a large portion of ActekSoft’s clients using the hosted solutions, it looks like this is a good match.

The rumor is that – at least for the moment – the acquisition means business as usual for ActekSoft and its customers. The acquisition is also good news for me since it also means that my review is still relevant – and maybe even more ‘on-the-radar’ now than it would have been a few weeks ago. I’ll try to post it shortly.

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Related Posts:
Insurance ICM Industry Market Overview
ActekSoft