August 2007 release of AnnuityNet Platform contains new support for subsequent premium payments for annuities

Finetre – a division of Ebix, Inc. (NASDAQ:EBIX) – today announced new automated support for annuities transacted on the firm’s AnnuityNet Platform.

Finetre provides Web-based annuity and life insurance automation platforms known as AnnuityNet and LifeSpeed. The platforms operate under a SaaS (Software as a Service) business model and enable annuity and life insurance distributors to automate the processing of annuity and life insurance transactions.

In many cases, the purchase of an annuity is followed by subsequent payments of premium, known as subpays. In addition to client-specific enhancements, the August 2007 release of AnnuityNet contains new support features that improve the efficiency of processing subpay transactions.