Transactor’s re-investment in new software development increases new business
TGSL has enjoyed another year of income growth at about 18% across the core business. Throughout the year the business has prioritised innovation with a major investment in its new software, “Transactor Version 7” (V7). TGSL has made the investment organically, with no external or private equity involvement.
The strategy is producing encouraging results for the business which has delivered seven new client sales for V7 since the beginning of October, including personal lines brokers, MGAs and commercial scheme brokers.
Ray Vincent explains, “Clients valued the configurability and flexibility of Version 6 (V6), however it was obvious by 2013 that scaling up the business on V6 was going to be tough given the multiplicity of code lines which had to be built and released separately, each requiring their own separate updates, version control and change management. So V7 was designed to address the issues, whilst retaining the virtues.”
V7 is a complete re-write of the core Transactor solution, designed to put the business on course for the next 10 years of growth and to give its clients a technological advantage in a competitive market. It includes a number of new features which increase the configurability of the software and improve the end user experience (UX) courtesy of a new front-end.
Ray continued, “As always our priority is to help clients gain an edge over the competition so we’ve added some great new features such as the front-end to improve user experience and the new API which allows clients to build their own solutions which are directly integrated with the Transactor system.