| Kaplan Financial Becomes the Sole Provider of End to End Compliance Solutions in the Financial and Insurance Marketplace through Exclusive Agreement with Efficient Forms |
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Chicago and Littleton, CO, April 25, 2007 – Effective immediately, Kaplan Financial, a leading source of education and compliance solutions for insurance and financial services institutions and individuals, and Efficient Forms, LLC, a leader in business form and data collection automation software, have announced an exclusive, perpetual licensing agreement.
Under this agreement, Kaplan Financial is now the exclusive provider for the insurance and financial services industries of the Efficient Contracting Solution™, a data aggregation and forms automation product. This agreement is a significant step toward creating the first single online community where insurance carriers, financial services firms and their distribution partners collaborate through a totally integrated network that supports “end to end” processing. “Having created the category for automated compliance management in 1992, Kaplan Financial is poised to bring the market to the next generation. Efficient Forms brings an established and proven forms creation methodology to the industry, offering additional options for our customers and prospects,” said Andrea Mainelli, President and Chief Executive Officer of Kaplan Financial. Today, the hiring and contracting process is paper intensive, taking weeks and even months for agents and carriers to complete and distribute forms for approval, and to communicate their status to regulatory authorities. Often data entry is redundant, wasting administrative time and increasing the time it takes to release agents to generate revenue. The Efficient Contracting Solution, along with Kaplan Financial’s CMS G2™ (Compliance Management System Generation 2) Web-enabled automated workflow support solution, automates the entire compliance process, including the forms. As a result, insurance and securities firms can more quickly and accurately gather and process contracting, licensing and continuing education data on producers and employees to submit to the required state and federal authorities. "Kaplan Financial’s knowledge of the insurance and financial services industries and Efficient Form’s experience in forms creation and management are a powerful combination linking insurance carriers and securities firms more closely to their distribution to improve process effectiveness, speed-to-market, and revenue,” said David Kenney, Chief Executive Officer of Efficient Forms. The data collected by the Efficient Contracting Solution will integrate with the CMS G2 Employment Management module which then provides integrated access to all of Kaplan Financial’s compliance services. About Kaplan Financial Kaplan Financial is a leading source of education and compliance solutions for insurance and financial services institutions and individuals. Solutions include licensing exam prep, continuing education, firm element, wealth management, financial planning, insurance designation, and compliance management. Kaplan Financial is comprised of Schweser, a Kaplan Professional company, and these former companies: Dearborn Financial Services, BISYS Education Services, eMind, and Insurance Achievement. Kaplan Financial is a division of Kaplan, Inc., a worldwide education services provider and a subsidiary of The Washington Post Company. For further information, please visit www.kaplanfinancial.com or call 1-800-428-0682. About Efficient Forms Efficient Forms, LLC (Littleton, Colorado) specializes in business form and data collection automation software. With over 300 customers in the Insurance, Financial Services, Human Resources, Compliance industries, Efficient Forms is experiencing explosive growth with a new approach to data collection, forms completion and process workflow. Efficient Forms Internet-based product suite provides businesses from all industries efficient, cost-effective solutions that quickly automate their data capture and forms workflow processes. For more information, please visit www.efficientforms.com. # # # |
