News

DSPA Software selected by Industrial Alliance Insurance and Financial Services, Inc.

Toronto, Ontario - January, 2007DSPA Software Inc. today announced that Industrial Alliance has licensed DSPA’s Field Administration Support and Tracking system, FASAT, to provide distribution management services to their sales force.
“The major objectives of a new Industrial Alliance compensation system are to provide support for growth projections and expanded product offerings," said Yvon Gauthier, Director, Sales Contracts Administration. "We chose FASAT because it will allow the business departments to quickly respond to our aggressive growth strategies."
Industrial Alliance intends to streamline and standardize its business processes to ensure quality services to distributors, particularly to their broker community. To support this initiative, Industrial Alliance required a Compensation solution to provide flexibility and ease of use in managing their complex multi-company, multi-channel environment. DSPA’s FASAT system will provide Industrial Alliance with a fully integrated and functionally rich compensation solution that will provide complete flexibility in producer data management and in developing and administering compensation programs.
“We are thrilled to add this industry leader to our list of clients,” says Patty Clement, Vice President Sales and Marketing, DSPA Software. “Industrial Alliance’s evaluation was intensely detailed and provided us with the ability to identify a very solid approach to solving their challenges. We are proud to partner with Industrial Alliance to turn their growth strategies into realities.”

About Industrial Alliance
Founded in 1892, Industrial Alliance Insurance and Financial Services Inc. is a life and health insurance company that offers a wide range of life and health insurance products, savings and retirement plans, RRSPs, mutual and segregated funds, securities, auto and home insurance, mortgage loans and other financial products and services. The fifth largest life and health insurance company in Canada, Industrial Alliance is at the head of a large financial group, which has operations across Canada as well as in the Northwestern United States. Industrial Alliance contributes to the financial well-being of over 3 million Canadians, employs more than 2,800 people and manages and administers over $50 billion in assets. Industrial Alliance stock is listed on the Toronto Stock Exchange under the ticker symbol IAG. Industrial Alliance is among the 100 largest public companies in Canada. www.inalco.com

About DSPA Software Inc.
DSPA Software is a leading supplier of sales compensation and distribution management software to the insurance industry. FASAT, DSPA’s end-to-end enterprise solution, helps clients manage evolving distribution channels, support growing product lines, and improve their bottom line. Built entirely on Microsoft .Net technology, FASAT’s powerful Compensation Calculator and Rules Engine calculates all forms of primary and secondary sales compensation, manages agent contracting and licensing, and supports complex distribution hierarchies. FASAT’s integrated reporting features provide a full view into channel and producer performance, consolidated across all lines of business. DSPA is a member of Microsoft’s Insurance Value Chain program and is a Microsoft Gold Certified Partner. For more information, visit www.dspasoftware.com.

For more information, please contact:

Patty Clement , VP Sales and Marketing
E-mail: patty.clement@dspasoftware.com
Tel: 905-279-9993 X6554
Fax: 905-279-2431
Yvon Gauthier, Director, Sales Contracts Administration
E-mail:Yvon.Gauthier@inalco.com
Fax: 418- 684-5097
Tel: 418-684-5000 ext. 5088