ADP 1998 Annual Report Download - page 15

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13
Last year, we reached a settlement
with the Federal Trade Commission
that required us to divest certain
assets of our Parts Services business,
which facilitates electronic commerce
among automotive parts recyclers.
We completed that divestiture in fiscal
98. The remaining business was
renamed ADP Hollander. This year,
revenues for ADP Hollander products
and services grew 13%. In addition,
market acceptance of EDEN
(Electronic Data Exchange Network),
ADP Hollanders electronic parts
locating product for recyclers,
reached an all-time high with more
than 2,350 units in place.
Integrated Medical Solutions (IMS),
which reviews medical-related claims
arising from automobile accidents,
increased its revenue more than 35%.
This is the fourth consecutive year
that IMS revenue has grown 30% or
better. Provider Bill Audit (PBA),
IMSs flagship product, is licensed by
many of the major insurance carriers
to assist them in medical claim
review and management.
Injury Claims Evaluation (ICE),
a product which complements PBA,
continued to gain significant industry
recognition. ICE helps adjusters make
fair and equitable settlements, when
pain and suffering claims are involved
in third-party auto liability claims.
In 98, IMS continued to expand
into the workers compensation
market with the acquisition of Context/
Embassy and its Claims Analyzer
product, a state-of-the-art workers
compensation bill review system.
Claims Services has proactively
developed integrated solutions to
ensure Year 2000 computer system
compliance, and will continue to
focus on strategic opportunities that
enhance growth and add value for
our clients worldwide.
ADPS AUDATEX BUSINESS
PROVIDES INSURANCE CARRIERS
IN 16 EUROPEAN COUNTRIES
WITH LEADING-EDGE AUTOMATED
ESTIMATING CAPABILITIES. ALLIANZ
INSURANCE STOCK CORPORATION,
HEADQUARTERED IN MUNICH,
GERMANY, IS A MAJOR AUDATEX
CLIENT. WOLFGANG FILBERT
(RIGHT), DIRECTOR OF MARKETING
AND SALES OF AUDATEX
GERMANY, DISCUSSES AUDATEX
ADVANTAGES WITH ALLIANZ
INSURANCE DIRECTOR, DR. JUR.
GERHARD KÜPPERSBUSCH (LEFT).