McCamish Systems Forms New Business Unit for Benefit Plan Services and Appoints New Director

ATLANTA--(BUSINESS WIRE)--August 2, 2000--McCamish Systems, L.L.C., headquartered in Atlanta, GA, has formed a new Strategic Business Unit preceding the launch of their new VPAS® Benefit Plan Administration product. The VPAS® Benefit Plan Administration product is client/server based and supports the transactional delivery, maintenance and reporting of Non-Qualified Benefit Plans, SERP Plans and Split Dollar Plans. This new addition to the McCamish VPAS® (Variable Product Administration Systems) product family has been developed to support the often complex and client-specific record keeping demands of this sophisticated market.

"Our systems are designed around rules and business-based objects, and developed using 4th generation component and utilities packages. This enables our clients to highly customize their products, and deploy their products rapidly while reducing development and ongoing support costs," explains the new Director of the SBU, Ed Edwards.

Ed Edwards, named the Director of the new SBU, has spent the last three years as a Project Manager specializing in Benefit Plan Administration for McCamish. Prior to that he concentrated in daily-defined contribution plans as the Operations Manager of NationsBank and Client Relationship Manager of First Data Corp. He holds an MBA in Information Systems from Georgia State. Edwards' immediate goal is to create a staff of Business Process Outsourcing (BPO) business analysts, software engineers and quality assurance professionals to support this newly emerging market of corporate-driven benefit plans.

Gordon Beckham, Vice-Chairman of McCamish Systems concludes, "Executive management is convinced that this bold move is necessary to position McCamish for the phenomenal growth we believe can be achieved in the forefront of this rapidly evolving market."

***

For more information about McCamish Systems, please contact our Sales & Marketing group at Solutions@McCamish.com or call 800.366.0819.