Published On: 2015-04-29

New York, 29 April 2015: LSG, the leading software application and business process outsourcing company, is pleased to announce the launch of GERMS^TM "Global Enterprise Risk Management Suite" for the legal industry ecosystem.

LSG GERMS^TM is a business model for global enterprises to achieve greater transparency and stability by mitigating and offsetting risk. LSG drives GERMS^TM with its proven approach called Total Outcome Performance (“TOP”) which is a data-driven feature, towards achieving business intelligence for efficient and effective claims management. In order to implement TOP, it is essential that a compliance oriented operating structure be established, with maximized automation and data integration.

GERMS^TM help you to achieve better decision making, increase in profit and risk compliance. It enables automation of a number of tasks that in fact will save a considerable amount of time. It can play in transforming key aspects of claims to help drive sustainable growth and high performance.

Gary R. Markham, Chief Executive, stated “We are very proud to launch the GERMS™ model and speak to our clients at the enterprise level, about how its underlying technologies, can generate significant positive financial benefits, across the organization, globally”.

Key features of GERMS^TM include:

• Enterprise Vendor Management - Improves the efficiency of legal activity, automate essential tasks and save valuable time.
• Enterprise Risk Management (ERM) and Compliance - Provides an enterprise level solution with effective and efficient Governance, Risk management and Compliance (GRC) in accordance with "Solvency II" and "Lloyd's Minimum Standards”.
• Analytics - It enables to have stunning dashboards, keep abreast of updates to dashboard via email, alerts and powerful drill down capabilities.
• Fraud/Special Investigation Unit (SIU) - It is an expert service model to detect fraudulent claims.

For more information on GERMS^TM, please visit: http://www.lsg.com/htm/germs.html

About LSG

LSG is a leading ISO 9001:2008 software application and business process outsourcing company with a global network of offices in Europe, North America and Asia-Pacific. It specializes in the areas of procurement, vendor and litigation management. The company delivers sustainable and demonstrable financial and business benefits for its clients via proprietary applications and support solutions. These solutions enable electronic procure-to-pay engagements to be facilitated in the general insurance, captive, claims, legal, banking, finance, mining, construction and energy industries. LSG serves clients in more than 70 countries.