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Process Intelligence for Insurance ProvidersABBYY

ABBYY’s process intelligence for insurance providers offers end-to-end process improvement, enhancing claims and policy processing. It provides full visibility into processes, identifies inefficiencies, and ensures compliance, ultimately driving operational excellence and cost savings.

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Vendor

ABBYY

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Company Website

datasheet-timel…-claims-process.pdf
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End-to-end process improvement for insurers

Gain insights to optimize your processes.

Fully understand your processes

Meeting the challenges that face claims processing departments today requires a deep understanding of the myriad business processes that are the lifeblood of the operation. ABBYY Timeline helps you focus on high-value process performance areas to create efficiencies in your operations by reducing or eliminating repeated tasks, wastes, and errors in the process, helping you save money. For the first time, you gain full visibility into all your processes–including those where process steps were performed on multiple backend systems (e.g., Majesco, DuckCreek, Guidewire, CSC, Insurity, etc.) to better manage operations and ensure positive business outcomes.

Improve claims and policy processing

Discover and understand the current process state, identify opportunities for process improvement, and monitor compliance.

Predictive Analytics

Use predictive analytics to power risk evaluation, risk selection, and underwriting decisions. Protocol and remediation capabilities are helping carriers deliver automated and guided processes designed to drive optimal business outcomes.

Automated Monitoring

Ensure compliance with automated monitoring and remediation while increasing efficiency and productivity by initiating straight-through data processing to achieve greater data accuracy, faster processing, enhanced information accessibility, and reduced processing costs.

Straight-through processing

With end-to-end process simplification and optimization, carriers are improving straight-through processing and reducing billing and collection cycle time. With the ability to monitor and predict, carriers are able to control outcomes through automated remediation.

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