DST Systems Launches EFS for Insurance Industry

KANSAS CITY, Mo., May 23, 2011 /PRNewswire/ -- DST Systems, Inc. today introduced its Electronic File Solution (EFS) to the insurance industry at the ACORD LOMA Insurance Systems Forum in San Diego. A Software as a Service content management system, EFS offers flexible, secure access to critical business records across an enterprise, including pre-sales documents and policies, and helps carriers comply with increasingly complex industry regulations. Carriers can use EFS to consolidate records from multiple systems, provide access to associates from anywhere at anytime, reduce infrastructure costs and support corporate retention policies.

"Carriers are looking for flexible, agile products that help them achieve cost reductions, consolidate systems, assist with regulatory compliance, and make it easier for their producers and customers to do business," said Elizabeth DeZeeuw, vice president, DST Systems. "EFS is positioned to be implemented quickly across varied business units and provide carriers with accessible, reliable and secure content management services that support business growth and enable carriers to analyze their data."

EFS can be used to securely manage the storage, retrieval and disposition of company records, and supports records retention policies and litigation holds. Carriers can also efficiently manage the retention of documents for business and regulatory purposes with help from EFS. By providing information system functionality to field agents, EFS provides carriers visibility and control of agent data.

EFS helps companies implement content management best practices and simplify access while reducing the time and money spent to manage and store their organization's records. EFS is designed to support companies in many industries, including mutual funds, insurance, banking, law, healthcare, field sales and property management.

To learn more about EFS, please visit booth 933 at the ACORD LOMA Insurance Systems Forum in San Diego.

About DST Systems, Inc.

DST Systems, Inc. provides sophisticated information processing and computer software products and services to support the mutual fund, investment management, insurance and healthcare industries. In addition to technology products and services, DST provides integrated print and electronic statement and billing output solutions through a wholly owned subsidiary. DST's world-class data centers provide technology infrastructure support for mutual fund companies, healthcare providers, banks, mortgage bankers and insurance companies around the globe. DST is headquartered in Kansas City, Mo., and is a publicly traded company on the New York Stock Exchange.

The information and comments above may include forward-looking statements respecting DST and its businesses. Such information and comments are based on DST's views as of today, and actual actions or results could differ. There could be a number of factors affecting future actions or results, including those set forth in DST's latest periodic financial report (Form 10-K or 10-Q) filed with the Securities and Exchange Commission. All such factors should be considered in evaluating any forward-looking comment. The Company will not update any forward-looking statements in this press release to reflect future events.

SOURCE DST Systems, Inc.