Commerce Bank joins Guidewire PartnerConnect Solution Alliance ecosystem to digitize claims payments

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KANSAS CITY, Missouri and SAN MATEO, Calif .– (COMMERCIAL THREAD) – 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 Solution partner.

Commerce Bank uses its in-depth knowledge of payments and banking connections to create and deliver customized banking, payment and financial solutions for the insurance industry. the commercial bank Ready for guide wire Integration will allow Guidewire ClaimCenter users to integrate with CommercePayments ™ PreferPay®, its solution that allows insurers to provide electronic claims payments to one or more parties. Trade PaymentsMT solutions are provided by Commerce Bank.

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

“We are delighted to welcome Commerce Bank as our latest Guidewire PartnerConnect Solution partner, ”said Becky Mattick, vice president, Global Solutions Alliances, Guidewire Software. “PreferPay® helps migrate traditional check payments to a digital format, offering claimants a range of convenient electronic payment options to enable them to quickly settle their claims. With digital payments through PreferPay®, the burden of issuing checks is reduced and check fraud is reduced, resulting in lower risk and increased efficiency for insurers.

About the Banque du Commerce

With $ 32.9 billion in assets1, Commerce Bancshares, Inc. (NASDAQ: CBSH) is a registered banking holding company providing a full range of banking services, including payment solutions, investment management and securities brokerage. Commerce Bank, a subsidiary of Commerce Bancshares, Inc., draws on over 150 years of proven strength and experience to help individuals and businesses solve their financial problems. In addition to offering payment solutions in the United States, Commerce Bank currently operates full service banking facilities in the Midwest, including in the metropolitan areas of St. Louis and Kansas City, Springfield, Central Missouri, Central Illinois, Wichita , Tulsa, Oklahoma City and Denver. It also has sales offices in Dallas, Houston, Cincinnati, Nashville, Des Moines, Indianapolis and Grand Rapids. Commerce offers high quality service and sophisticated financial solutions in regional branches, trade offices, ATMs, online, mobile and through a 24/7 customer service line. Learn more about www.commercebank.com.

About the Guidewire PartnerConnect ecosystem and Ready for guide wire

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, applications and other complementary solutions for Guidewire products. All our Ready for guide wire Partner solutions are validated for safety, quality and compatibility with Guidewire, and can be found on the Guidewire Market.

For more information on 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 effectively. We combine digital, core, analytics and AI to deliver our platform as a cloud service. Over 400 insurers, from new businesses to the world’s largest and most complex, operate on Guidewire.

As a partner of our clients, we continuously evolve to enable their success. We pride ourselves on our unprecedented implementation track record, with over 1,000 successful projects, supported by the industry’s largest R&D team and ecosystem of partners. Our marketplace provides hundreds of apps that accelerate integration, localization and innovation.

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

@Guidewire_PandC.

NOTE: For more information on Guidewire trademarks, visit https://www.guidewire.com/legal-notices.


1 As of December 31, 2020



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