Document Management Systems: Insurance Document Management
The insurance document management solutions of document management systems have helped
insurance companies convert and scan their records and create an automated adjudication claims workflow process.In the insurance industry, it's all about handling each claim - from the simplest to the most sophisticated - with precision and speed. With insurance document management solutions, employees no longer have to spend time looking for missing or absent documents. With familiar color-coded tabs and templates, imaging folders can double productivity and save money. Document management systems give all insurance departments the ability to perform claims exceptions processing and exceptions from one central imaging repository.
Processing claims faster and more accurately not only better equips you to fight the clock - it actually saves you money, claim after claim. Insurance document management systems can help you:
- Reduce claims processing time and cost
- Handle each claim consistently, from basic to complex
- Provide instant and automatic access to the right documents
- Instantly integrate with existing claims handling
- Reduce errors on data input
- Reduce the cost of processing and correcting
- Improve cycle times and accuracy
Claims - Insurance companies were among the first to embrace scanning and document management to help control costs and streamline their operations, which depend on the ability to rapidly and accurately process claims and policies. High quality document management systems have implemented advanced capture software to scan and process the full spectrum of insurance documents. Many respected insurance companies have chosen reputable document management systems to help them capture policies, applications, claims and enrollments.
Underwriting - The software solutions of document management systems help underwriters balance speed, service and profitability with the precision and accuracy of a tightrope walker. Without these solutions, underwriters are forced to rely on manual, paper-based processes and legacy systems that limit accessibility and put the organization in jeopardy. The speed, risk and profitability concerns that underwriting teams balance can mean the difference to your company's bottom line. Document management systems bring information together from multiple sources to give underwriters the tools they need to most effectively manage risk. No more thumbing through papers and folders or toggling between three separate screens; underwriters have all the data they need in one place--at their fingertips.
- Consistently write accurate, quality policies in a timely manner
- Automate processing to ensure consistent decisions and reduce risk
- Provide instant access to all relevant information across applications and repositories
- Enable instant reporting
Customer Service - Document management systems have developed imaging systems that allow for immediate access to insurance documents at any given time.
- Automate touch points and increase meaningful customer communication
- Improve consistency and timeliness of customer communication
- Respond to customer inquiries faster and enable single-call resolution as well as self-service
- Identify your best representatives with process transparency
Back Office - Document management systems software frees operations teams to spend their time working on the projects they were hired to do instead of putting all their efforts into managing paper. In addition to resolving the document management problem, this software increases employee productivity and morale, giving them the time and willingness to make a difference for you.
- Automate agency communications in real-time, including commission statements and policy changes
- Simplify order processing and three-way matching
- Never recreate a document again - integrate with virtually any ERP and HR system including SAP, Lawson and PeopleSoft
- Shorten the hiring cycle to find and hire the best people
Contact your local document management systems for more information about their insurance document management solutions.
by: Ron Thompson, Jr. Compare Motor Insurance In The Uae How does an Insurance Plans Help us? Ways To Scale Back Your Insurance Premiums Insurance For Construction Jobs Is Essential For Every Company Does Your Pockets Having Trouble While Having A Truck Insurance? Online insurance quotes remove the need for middle men Blooming Indian Insurance Industry Different kinds of Business insurance online General Information On Holiday Insurance Contents Insurance For Tenants - The Benefits That Renters Should Consider Insurance Agents Help Consumers Understand Insurance Terminology Insurance Agency Websites And The Call To Action Atlanta Hail damage insurance claims process