VERTEX, Inc. , a provider of professional services and innovative software to the insurance and financial services industries, announces the release of version 2.0 of their XML Compare Utility Service, VTXcompare™. VTXcompare 2.0™, licensed as a web-based service, improves upon the underlying data driven compare engine.

VERTEX listened to its users and focused efforts on gaining efficiencies within the business intelligent compare engine. As a result, a major advancement users will immediately notice is file comparisons will complete 80% faster than before. In addition, entity recognition rules were honed for the comparison of PPfA (Product Profile for Annuities – ACORD message 1201) and the DPfA/DPfL (Distributor Profile for Annuities and Life – ACORD message 1204) xml files. Enhancements were also made to the Excel report created by the tool, making it easier to read and more business friendly.

Businesses who exchange information electronically often use XML and the Internet because it is less costly than building internal systems and data feeds to each of their external partners. The XML-based exchanges are subject to risk if the data changes in a manner not expected. If left undetected, a change that is incorrect has the ability to negatively impact the business, reduce confidence between exchange partners, and increase technology costs. Isolating the actual change before it is externalized, and reporting the change in Business English, alleviates the risk and ensures the XML data exchange is reliable.

VERTEX’s XML Compare Utility Service, VTXcompare™, is designed to mitigate risks that are inherent to changes in data. Most XML compare products in the marketplace today do not account for the flexible nature of XML where the same data can be represented in many ways. It’s difficult to determine when two XML documents differ only in semantics which are acceptable differences that do not impose business risk.

For more information on VTXcompare, or to view a demo, visit http://www.vtxcompare.com/

About VERTEX, Inc.

Located in New Britain, CT, VERTEX has been providing innovative products and business and technical solutions to the financial services industry since 1991. VERTEX services include Business and IT Consulting, Migrations, Conversions, Integrations and Business Automation. VERTEX focuses on the life insurance and annuity segments and has gained a global reputation for expertise in these specialties. VERTEX is recognized by our growing list of prestigious clients as an industry leader.

Contact information:
Suzanne Brazeal
Vice President
One Liberty Square
New Britain, CT 06051
860-827-9090 x112
[email protected]
http://www.vtxcompare.com/