Five Sigma January 26, 2024

Handling Claims with Ease: 7 Breakthrough Benefits of Claims Management Software

5 MIN. READ Many industries have leveraged technology to improve efficiency—and, therefore, their bottom lines—yet claims operations seem stuck in the slow lane. Automated claims management software changes that. The key to improving efficiency is streamlining workflows. Well-crafted workflows transform the entire claims operation. With claims automation, every facet of the operation can reap the …

Five Sigma January 19, 2024

Choosing the Right Partner: A Guide to Evaluating Insurance Claims Software Vendors

5 MIN. READ Technology is driving a massive transformation in the insurance sector. Amidst these technological advancements, claims management software stands out as a critical tool for insurance companies looking to increase operational efficiency, improve service quality, and gain that competitive edge. However, picking the right insurance claims software vendor can be challenging. Depending on …

Five Sigma January 11, 2024

The Strategic Advantages of Modern Claims Solutions Over Legacy Technology

4 MIN. READ In the evolving insurance landscape, technology is driving significant changes. The digital revolution aims at efficiency, customer-centricity, and data-driven decisions. The impact has already been sweeping, and insurance companies that plan to continue using outdated legacy systems stand to be left behind. This article delves into technology’s profound impact on insurance and …

Five Sigma December 21, 2023

Embracing Best-of-Breed Technology: A Game Changer for the Insurance Industry

In today’s rapidly evolving tech landscape, the insurance industry is at a crossroads. Old systems, once hailed as the pinnacle of innovation, are increasingly showing their limitations. In contrast, the best-of-breed approach emerges as the beacon for forward-thinking insurance companies. Even so, many insurance companies resist the pull of best-of-breed technology and instead remain committed …

Five Sigma December 20, 2023

Navigating Insurance Operations with the Power of Straight Through Processing

5 MIN. READ Straight-through processing, or STP, is revolutionizing the way businesses operate. It’s an ingenious automation tool that transforms sluggish and error-prone manual tasks into swift, flawless, and highly efficient automated workflows. This remarkable concept was pioneered by James Karat in the 1990s, initially to enhance equities trading. Since then, STP has evolved, finding …

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