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Enterprise resource planning system for insurance sector

  • In India, GIC provide reinsurance to the direct insurance company as it is the exclusive reinsurer in the market of domestic reinsurance;
  • All easily managed and stored in one place;
  • Anyway the implementation of ERP software is accompanied by a comprehensive consultation from an Elinext expert who will provide your team with all the necessary instructions;
  • You have a project Step 1 You send us all the requirements that you have, specifications or any other documents about the project Step 2 We analyze the requirements, estimate the project and offer you a quote for development Step 3 If it looks reasonable to you, we sign an NDA and a contract and start the project We work on the project Step 1 We assign a project manager and organize a dedicated team of software developers and designers Step 2 The whole team is online the whole working day and available via email, Skype, phone Step 3 Clients decide the level of involvement in the development Step 4 Clients provide us with the preferences and recommendations regarding design and specific features of the application Step 5 We carry out development.

Countless administration tasks, forms and contracts mean data accumulation can easily reach breaking point, fast. If you work within the insurance sector and feel you need a system that can help you streamline your processes, then read the following benefits of implementing an ERP system in the insurance sector.

Compliance The insurance industry is one of the most heavily regulated industries in today's economy. When there are changes to legislation, organisations must be able to access their data and present to the relevant body as quickly and efficiently as possible. Being able to evidence this data ensures your business remains compliant.

Pridesys for Insurance Company

Data analysis The ability to analyse and visualise data is a huge selling point for many companies in the industry. Being able to slice, dice and present data when needed, with visually stimulating dashboards, is a great advantage, especially when there is so much data at hand. Integration One of the most significant functional aspects of an ERP system is the ability to integrate data from several departments and bring it into one unified database.

  • Once established by the insurance company, they could generate a claim for the customer instantly, and have it electronically sent out;
  • Expansion besides increased the degree of competition by adding new rivals from the new geographical locations;
  • CRM is second nature to them, as it is something they deal with on a day to day basis.

In the insurance industry this is especially important when tracking customer history, including past transactional details, personal data and legal agreements. Sales tracking Profitability is the end goal and tracking all aspects of your sales process and activity and is incredibly important when it comes to providing insurance. Outbound and inbound sales calls, referrals, cross-sell quotes and internet leads are all the key sets of data you can record easily. Identifying and analysing every touch point and result with a customer can help you make the best and most informed business decisions.

ERP for Insurance

Customer service Insurance brands pride themselves on the high-quality service they deliver to their customers, and in such a competitive market it's easy to see why such a considerable emphasis is placed on this.

Companies who specialise in expert star ratings such as Defaqto look to insurance agencies to provide the quality service expected, having an ERP system in place is the first step in ensuring this.

  1. Any reviewing can be done on the spot with little to no waiting time.
  2. Several times per week we organize demonstrations for clients to provide them with the latest updates on the development Step 6 Organize a QA team of testers, that will fix any code imperfections and bugs Step 7 Deliver the finished solution and all sources, assist to deploy online The project is ready How do I know that I need an ERP application be integrated into my business?
  3. As a consequence, a figure of interfaces had to be monitored and managed which proved to be really hard.
  4. Claims which used to be a long and tiring process, done much more simply and effectively. The purpose of emerging as the leader of reinsurance in the Afro — Asiatic markets.
  5. Client Database with contact information of customers and the services they have utilized sorted. Will you save the current data in case of ERP integration into the workflow?

By accessing important information about customers at the click of a button, insurers can provide an efficient service, encouraging brand loyalty and repeat business.

Needing a way to integrate and track your data?

  • With several reforms and policy ordinances, the Indian insurance sector has witnessed enormous growing in the recent yesteryear;
  • SAP had in the yesteryear implemented both the insurance and reinsurance bundles for multiple clients;
  • We take time to walk you through the various options and solutions to make sure it's the best fit;
  • Click here for more information Call 020 37715 770 Speak to our trained sales team Insurance companies and ERP Insurance companies have many tasks to accomplish during the course of a day, and must do so in an organized manner.

At Oakley ERP we pride ourselves on helping our clients make the most informed decisions about the ERP software that's right for them and their business. We take time to walk you through the various options and solutions to make sure it's the best fit.

With several clients in the insurance industry, we know the pain points and how to help overcome them. Written by Oakley ERP at 15:

  1. Sales tracking Profitability is the end goal and tracking all aspects of your sales process and activity and is incredibly important when it comes to providing insurance. Ramco Analytics Suite - Insurance is a comprehensive BI suite that supports analysis across different phases of insurance operations -- right from the identification of prospects until maturity of the policy or settling of claims.
  2. We take time to walk you through the various options and solutions to make sure it's the best fit. Challenges faced by the reinsurance industry include shriveling borders, increasing competition etc.
  3. When there are changes to legislation, organisations must be able to access their data and present to the relevant body as quickly and efficiently as possible.