EagleTM Adds Premium & Municipal Tax Prep to WINGS PlatformEnhanced functionality creates additional benefits for insurers MARION, IOWA — (November 27, 2006) — Eagle Technology Management, Inc. (EagleTM) has added its Premium and Municipal Tax Preparation product to its WINGS platform. WINGS is an enterprise program for financial and tax-compliance reporting that puts all of its functionality in a single processing environment – with a common, relational database – comprising applications for annual statements, state filings and forms, and premium and municipal taxes for insurers. “This is another forward step in the evolution of EagleTM,” said Larry Kane, EagleTM’s president. “Because a substantial amount of tax data is present in annual statements, WINGS has historically exported that data for use by other software applications. We will continue to support that export; but since the tax data is part of the common database, the natural evolution of our processing engine now enables us to prepare domestic and retaliatory reports in the shared processing environment. That means no data entry, accurate returns, ensured compliance, improved operations, and greater concentration on revenue-generating activities and core competencies.” Adding Premium and Municipal Taxes to the WINGS platform enables accounting and tax departments to collaborate in real time, using the same database. In addition to its being the only such system in the insurance industry available in a hosted environment, WINGS offers 24/7 online service, requires minimal training, and lets insurers efficiently prepare, verify, and produce statements, forms, and returns.
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