XactNet Surpasses 4 Million Mark!

 — August 19, 2003 — 

Xactware, Inc. recently announced that its online claims management system, XactNet, has surpassed the 4 million mark for estimates processed. Just seven months since they reached the 3 million mark, this new milestone represents the shortest time span ever for processing a million estimates.

"Reaching the 4 million mark is quite an accomplishment," says Jim Loveland, General Manager of the Xactware subsidiary responsible for developing XactNet. "During peak hours, we are processing about 1000 claims an hour on XactNet. If we continue at this pace, it shouldn't be much longer until we reach the 5 million mark. We are appreciative of our loyal customers who have made this possible."

Increased market penetration among insurance carriers and independent adjuster organizations are the primary factors contributing to the phenomenal growth XactNet is experiencing. Every day new catastrophe departments, independent adjusters, and single trade organizations are realizing the tremendous productivity gains and overall savings their companies gain by using XactNet for processing their claims in "real-time."

As the industry's leading online property claims management system, XactNet connects industry players in a secure online networking environment, allowing them to exchange assignments, estimates, price lists, messages and more, electronically. XactNet's secure online tools instantly update both sender and receiver in real-time for any claim in the system. Carriers can track assignments, collaborate with service providers (contractors, staff adjusters, independent adjusters, etc.), and generate real-time management reports where they can compare their company's results to the industry.

About Xactware Inc.

Founded in 1986, Xactware, Inc., is a privately held technology services company (www.Xactware.com), specializing in the property insurance, remodeling, and restoration industries. Xactware's technology tools include software estimating programs for PCs and tablet PCs as well as powerful online systems for replacement cost calculations, estimate tracking, and data trending in real time.

For more information about Xactware's products and services, contact Xactware at 1-800-424-9228 or contact us online.