Insurance
Web based rating and quoting applications: One of the most difficult parts of developing an insurance rating and quoting application is to code rating algorithms and business logic. Actuaries often develop and test their algorithms in Excel. Using PSC, developers can connect those Excel models into their applications by eliminating time consuming and expensive rewriting process. Click here for a demo

Automated Underwriting applications: One of the biggest challenges in building an insurance underwriting system is to implement the complex underwriting rules in a way that can be modified by the business units to keep up with the ever changing market conditions. Excel has been a common tool for underwriters and actuaries to build those complex underwriting rules. PSC eliminates the need to rewrite those complex rules by allowing developers to integrate those Excel rules engines into their applications as they are. As the rules still reside in Excel, business units can modify the rules as needed. Click here for a demo

Plan/Benefit configuration tools: Configuring allowable insurance plans or benefits for a particular client is a complex task as it involves processing through numerous rules and requirements. Excel has been commonly used by underwriters to develop plan/benefit configuration tools mostly for internal purposes. Using PSC, those tools can be converted to configuration engines that can be connected with enterprise level applications without rewriting them. Click here to view the online insurance benefit configuration demo. Click here for a demo

Banking
Risk assessment applications: Banks frequently develop Excel based models to assess the risk in loan applications through scoring algorithms. Those applications are usually very complicated. Hence rewriting them would be extremely time consuming. Preserving them in Excel format also provides the business units with control of modifying. Those Excel applications can be integrated with intranet and internet based enterprise systems as they are through using PSC. Click here for a demo

Investment
Trading software: Technical analysis is an integral part of any trading software. It provides investors with key indicators, showing where market forces are providing support or resistance, where a stock is overbought or oversold, and where a breakout to the upside or downside will occur. Most investment firms develop their own technical analysis tools in Excel because of its flexibility and support for complex financial functions. PSC allows investment firms to integrate those technical analysis tools with their online trading applications.

Accounting
Budgeting applications: Excel is one of the most common applications used by accountants. In medium to large companies, financial departments need to collect and process data periodically from various departments through Excel files that incorporate not only data collections features but also complex rules and calculations. Finance executives need to run that data through complex revenue and expense forecasting models. Using PSC, developers can integrate those Excel models into enterprise budgeting applications without loosing the flexibility of using Excel.

Consolidated forecasting: Finance executives in companies having multiple business units or subsidiaries have to go through a tedious process of collecting financial data periodically from each unit. Data is often collected in Excel format because of its flexibility. Finance departments then consolidate the data, perform what-if analysis and evaluate possible financial scenarios. The whole process is based on Excel applications developed and maintained by finance departments. PSC can be used to develop web based applications to streamline this time-consuming and manual process without loosing the flexibility provided by using Excel.