Stephens Insurance Deploys ProspX Platform to Streamline Deal Flow
Firm will Leverage Enterprise Search and Social Networking Capabilities to Boost Collaboration with its Internal Network and External Carrier Partners
AUSTIN, Texas – November 10, 2009 – ProspX, Inc., developer of the first on-demand sales collaboration and automation solution for the commercial insurance industry, today announced that Stephens Insurance, LLC., a division of the Stephens Inc., has selected ProspX to improve sales management and to wire together insurance sales expertise across its network.
“We selected the ProspX platform because it allows our producers, account executives, and marketers to work smarter,” said Gregory J. Meserole, Senior Vice President of Stephens Insurance. “With ProspX, we have solved the challenge of the complex, multi-party commercial insurance sales process by streamlining our internal and external collaboration. Additionally, we are now able to track communication and deal flow with our carrier partners, giving us the transparency we need to measure and manage our continuing success.”
As a $500 billion per year market, the commercial insurance industry provides services for hundreds of thousands of customers worldwide. To improve the flow of business, ProspX has developed a Software-as-a-Service (SaaS) solution that combines enterprise social networking, search, and CRM technology. The result is a comprehensive solution that automatically connects commercial insurance agents, brokers, and carriers at the initial point of opportunity, as well as throughout the sales cycle.
“Our solution was specifically designed to help organizations such as Stephens improve productivity and efficiency,” said Todd Young, President and CEO of ProspX. “We are extremely pleased to add Stephens to our growing customer base as ProspX continues to enable insurance entities to grow and profit from connecting their users to information, experts, and each other.”
For more information about ProspX solutions for the commercial insurance industry, visit www.prospx.com .
About Stephens, Inc.
Founded in 1933, Stephens is a privately-held, independent financial services firm focused on building value for companies, state and local governments, institutions and high-net-worth investors. Stephens, Inc. headquartered in Little Rock, Arkansas, with offices in leading cities across the country as well as in London, England. Please visit www.stephens.com.
About ProspX, Inc.
Built for the commercial insurance industry by insurance professionals, ProspX, Inc., headquartered in Austin, Texas, develops on-demand sales collaboration platform that improves productivity and streamlines communications between agencies, brokers, and carriers. Combining the best of enterprise search, social networking and sales collaboration technology, ProspX gives brokers quick and easy access to the critical internal resources available for new and renewal business, while allowing carriers the ability to elevate their message for increased visibility at the initial point of opportunity. For more information please visitwww.prospx.com and follow ProspX on www.twitter.com/prospx.
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ProspX is a trademark of ProspX, Inc. All other company and product names mentioned are used only for identification and may be trademarks or registered trademarks of their respective companies.
Media Contact:
Jill Ford
jill.ford@prospx.com
(512) 657-8915
