Document and Payment Automation for the Insurance Industry
Liberating Agents and Offices from Excessive Paper-Based Expenses
The insurance industry historically floats on a sea of paper with every incoming wave of a policy, from application to underwriting to the administration and settlement of claims, involving the review and evaluation of documents and often the generation of new paper -- not unusually, in the form of a check.
Paper-handling is expensive, from the printing and storage of a library of forms to the creation, processing and archiving of the actual documents. It is time and people-intensive work. But contemporary insurance agencies can now reduce their physical costs and make better use of their people. How? By moving away from traditional paper-based processes and establishing an efficient office environment based on electronic workflow.
Electronic documentation enhances document access, boosts service, saves cash
As financial organizations, insurance companies and agencies are closely supervised. ACOM Integrated Document and Payment solutions increase accountability by assuring the ready visibility of records while improving functional speed and accuracy. ACOM helps you:
- Save money by eliminating paper forms; produce documents on-demand in printed or electronic form
- Retain all related policy documents together in a secure corporate document repository
- Enhance customer service with instant access to any record
- Deliver secure claims payments electronically (ACH) or as secure check printing
- Comply with State EDI record submission requirements
Get a complete, secure environment with ACOM Integrated Document Management
When all agency functions can be administered right at the desktop, costs plummet and efficiency soars, simplifying both compliance and management. ACOM Integrated Document Management allows you to:
- Create, print, and deliver any document quickly, easily
- Enhance service, reduce personnel time wasted on paper-based filing-retrieval processes
- Process and pay claims in a secure end-to-end payment management environment
- Avoid audit/regulatory issues with a coherent, high visibility record storage and retention protocol
Automate your accounts payable processes quickly and easily
With ACOM, you can streamline your AP processes, increasing efficiency and security while cutting costs and reducing errors.
ACOM modules go to work fast, expedite processes from apps to settlements
Designed for flexibility, ACOM tools scale to your ongoing needs, providing options that can help you:
- Select and install modules that fit your process automation needs
- Capture, store, retrieve and distribute any document electronically
- Accelerate ROI through rapid implementation, often in only a few. months
- Eliminate worries about integration costs and timetables.
- Improve services -- claims settlements can be delivered the way your customers want them.
Get more value from your financial/ERP application investment