Teradata Insurance Customer Recognized for Technology Innovation
Enterprise data warehouse made profound impact across all aspects of its operations
October 23, 2006 - DAYTON, Ohio – Teradata, a division of NCR Corporation (NYSE: NCR), announced that its customer, Nationwide Insurance, has been named the winner of the technology innovation award by the Technology Managers Forum’s 2006 Best Practice Awards program.
Nationwide received the award for implementation of an enterprise data warehouse that has unleashed a profound business impact across all aspects of its operations. The company has achieved control and insight into complex financial information through a data-integrated platform that consolidates data from 200 sources into a single system.
In production since October 2005, the Teradata enterprise data warehouse is being used to stage all financial data from source systems. This data feeds the PeopleSoft Enterprise Resource Planning general ledger, the PeopleSoft Enterprise Performance Management solution for calculations and allocations, and the Hyperion budgeting and planning applications. The data warehouse and master data management system were developed as integrated solutions to ensure one common, accurate set of information for regulatory and management reporting, as well as query capability.
According to Technology Managers Forum, the project was chosen because it is symbolic of a philosophy of best practices providing a model for the industry that can be quantified, adapted, and repeated.
Nationwide is one of the largest insurance and financial services companies in the world, with more than $157 billion in statutory assets. Core businesses include: domestic property and casualty insurance, life insurance and retirement savings, asset management, and strategic investments. Nationwide provides a full range of products and financial services from auto, fire, life, health and commercial insurance to administrative services, annuities, mutual funds and retirement plans.
About Teradata Division
Teradata (www.teradata.com), a division of NCR Corporation (NYSE: NCR), is the global technology leader in enterprise data warehousing, analytic applications and data warehousing services. Organizations around the world rely on the power of Teradata’s award-winning solutions to get a single, integrated view of their business to enhance decision-making, customer relationships and profitability. As a growing business, Teradata is always looking for outstanding talent. To learn more about Teradata career opportunities, visit www.teradata.com/careers.
About NCR Corporation
NCR Corporation (NYSE: NCR) is a leading global technology company helping businesses build stronger relationships with their customers. NCR’s Teradata® data warehouses, ATMs, retail systems, self-service solutions and IT services provide Relationship Technology™ that maximizes the value of customer interactions and helps organizations create a stronger competitive position. Based in Dayton, Ohio, NCR (www.ncr.com) employs approximately 29,300 people worldwide.
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NCR and Teradata are trademarks or registered trademarks of NCR Corporation in the United States and other countries.
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- NCR Corporation
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