Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Guidewire Software : Commerce Bank Joins Guidewire PartnerConnect Solution Alliance Ecosystem to Digitize Claims Payments

04/15/2021 | 08:56am EDT

Commerce Bank’s electronic claims payment technology to help reduce check usage and increase digital claims payments and customer satisfaction

Commerce Bank, a wholly owned subsidiary of Commerce Bancshares, Inc. (NASDAQ: CBSH), and Guidewire Software, Inc. (NYSE: GWRE), the platform P&C insurers trust to engage, innovate and grow efficiently, today announced that Commerce Bank has joined Guidewire PartnerConnect as a Solution partner.

Commerce Bank utilizes its deep knowledge of payments and banking connections to create and deliver customized banking, payment and financial solutions for the insurance industry. Commerce Bank’s Ready for Guidewire integration will enable Guidewire ClaimCenter users to integrate to CommercePayments™ PreferPay®, its solution that enables insurers to provide single- and multi-party electronic claims payments. CommercePaymentsTM solutions are provided by Commerce Bank.

“Insurance customers have very high expectations of their insurers,” said Lenny Richileau, Vice President, Insurance Industry Consulting, Commerce Bank. “In our increasingly digital world, these expectations have come to include electronic payment options to make claims payments quick and simple for claimants. We are delighted to bring our shared insurance customers seamless access to our digital payment solution as a Guidewire partner, enabling them to increase customer satisfaction.”

“We are thrilled to welcome Commerce Bank as our latest Guidewire PartnerConnect Solution partner,” said Becky Mattick, vice president, Global Solution Alliances, Guidewire Software. “PreferPay® helps to move traditional check payments to a digital format, giving claimants an array of convenient electronic payment options to get them their claims payment quickly. With digital payments through PreferPay®, the burden of issuing checks is alleviated and check fraud is reduced, leading to decreased risk and increased efficiency for insurers.”

About Commerce Bank

With $32.9 billion in assets1, Commerce Bancshares, Inc. (NASDAQ: CBSH) is a registered bank holding company offering a full line of banking services, including payment solutions, investment management and securities brokerage. Commerce Bank, a subsidiary of Commerce Bancshares, Inc., leverages more than 150 years of proven strength and experience to help individuals and businesses solve financial challenges. In addition to offering payment solutions across the U.S., Commerce Bank currently operates full-service banking facilities across the Midwest including the St. Louis and Kansas City metropolitan areas, Springfield, Central Missouri, Central Illinois, Wichita, Tulsa, Oklahoma City and Denver. It also maintains commercial offices in Dallas, Houston, Cincinnati, Nashville, Des Moines, Indianapolis and Grand Rapids. Commerce delivers high-touch service and sophisticated financial solutions at regional branches, commercial offices, ATMs, online, mobile and through a 24/7 customer service line. Learn more at www.commercebank.com.

About Guidewire PartnerConnect ecosystem and Ready for Guidewire

Guidewire PartnerConnect Solution partners provide software, technology and data solutions as well as insurance support services. Our Solution partners help drive business value and innovation for insurers by developing and delivering integrations, extensions, apps and other complementary solutions for Guidewire products. All of our Ready for Guidewire partner solutions are validated for security, quality and compatibility with Guidewire, and can be found on the Guidewire Marketplace.

For more information about Guidewire PartnerConnect, please visit http://www.guidewire.com/partners.

About Guidewire Software

Guidewire is the platform P&C insurers trust to engage, innovate and grow efficiently. We combine digital, core, analytics and AI to deliver our platform as a cloud service. More than 400 insurers, from new ventures to the largest and most complex in the world, run on Guidewire.

As a partner to our customers, we continually evolve to enable their success. We are proud of our unparalleled implementation track record, with 1,000+ successful projects, supported by the largest R&D team and partner ecosystem in the industry. Our marketplace provides hundreds of applications that accelerate integration, localization and innovation.

For more information, please visit www.guidewire.com and follow us on Twitter:

NOTE: For information about Guidewire’s trademarks, visit https://www.guidewire.com/legal-notices.

1 As of December 31, 2020

ę Business Wire 2021
06/11REMOTE INSPECTIONS AT SCALE : ID Risk and Price Right with Guidewire & Flyreel
06/10GUIDEWIRE SOFTWAREá : Technology veteran adds experience and SaaS industry exper..
06/10GUIDEWIRE SOFTWARE, INC.á : Change in Directors or Principal Officers (form 8-K)
06/10GUIDEWIRE SOFTWAREá : Appoints Rajani Ramanathan as Board Member
06/08GUIDEWIRE SOFTWAREá : Announces Promotion of PartnerConnect Consulting Partner, ..
06/07INSURERS AS INFLUENCERS : building a more sustainable, responsible, and equitabl..
06/04GUIDEWIRE SOFTWAREá : Why the FCA fair price ruling will drive product innovatio..
06/03GUIDEWIRE SOFTWAREá : BTIG Research Adjusts Guidewire Software's Price Target to..
06/03GUIDEWIRE SOFTWAREá : Goldman Sachs Adjusts Price Target for Guidewire Software ..
06/03GUIDEWIRE SOFTWAREá : Needham Adjusts Guidewire Software's Price Target to $120 ..
More news
Financials (USD)
Sales 2021 736 M - -
Net income 2021 -74,9 M - -
Net cash 2021 890 M - -
P/E ratio 2021 -123x
Yield 2021 -
Capitalization 9 160 M 9 160 M -
EV / Sales 2021 11,2x
EV / Sales 2022 10,7x
Nbr of Employees 2 816
Free-Float 99,2%
Duration : Period :
Guidewire Software, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GUIDEWIRE SOFTWARE, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 117,27 $
Last Close Price 110,16 $
Spread / Highest target 27,1%
Spread / Average Target 6,46%
Spread / Lowest Target -20,1%
EPS Revisions
Managers and Directors
Mike Rosenbaum Chief Executive Officer & Director
Priscilla Hung President & Chief Operating Officer
Jeff Cooper Chief Financial Officer & Vice President-Finance
Marcus S. Ryu Chairman
Winston J. King Secretary & Chief Administrative Officer
Sector and Competitors
1st jan.Capitalization (M$)
SAP SE10.37%168 854
INTUIT INC.24.08%129 022
SERVICENOW, INC.-9.52%98 331
DOCUSIGN, INC.13.81%49 295