Ebix, Inc. (NASDAQ: EBIX) said it has renamed its BPO channel as the Risk Compliance Solutions Channel to convey the channel´s enhanced focus on transaction and subscription based SaaS risk compliance solutions.
The RCS Channel, formerly known as the BPO Channel, comprises a spectrum of services provided by Ebix to more than 1,000 organizations across 26 different industries, with a view to reduce their risk exposure and increase overall process efficiencies. The company´s RCS channel provides end-to-end services for issuance, solicitation, validation and electronic storage of insurance certificates in a SaaS environment.
The company decided to rebrand the channel to ensure that its customers and investors both understood the SaaS element of the service as also the business model associated with a SaaS service. Ebix sells the service on a mix of subscription and transaction pricing model, with a high 90 percent plus recurring revenue model.
An international supplier of on-demand software and e-commerce services to the insurance industry, Ebix provides end-to-end solutions ranging from infrastructure exchanges, carrier systems, agency systems and risk compliance services to custom software development for all entities involved in the insurance industry. The company´s website at www.ebix.com