At Five Sigma, we’re constantly evolving to make your claims management experience better and exceptional. We’re thrilled to share the newest enhancements to our platform, all designed to streamline your operations and harness the power of automation and AI-native technology.
Remember, as a Cloud-based SaaS – the platform is always up to date with latest enhancements, for the benefit of all customers.
Let’s explore how our new updates can propel your claims processing into the future.
💰 Introducing Per Exposure Deductible Configuration
Take control with our new feature allowing you to set or waive deductibles per exposure. This flexibility extends to applying deductibles directly to indemnity payments. For those looking to deduct the deductible amount from reserves, our team is on hand to configure the setup according to your requirements.
💳 Enhanced Payment Configurations
Maximize efficiency with our updated payment functionalities. You can now issue indemnity payments from a closed exposure, mirroring the convenience we offer for expense payments. Furthermore, reserve adjustments now sync automatically with the cancellation of payments, ensuring accuracy and transparency in your financials. For activation and walkthrough, our support specialists are ready to assist.
🕸️ Expanded Webhooks Functionality
Our platform now supports multiple endpoints for webhooks, allowing for a broader integration with your existing systems and workflows. This addition ensures seamless communication and data exchange across your operations. Reach out for personalized setup support.
✍🏼 Comprehensive Support for Claims Made Policies
Five Sigma now accommodates claims made policies within our Claims Management System (CMS), offering coverage based on the claim’s notification date rather than the incident date. This includes tailoring the system to use the report date for coverage verification, enhancing your policy management capabilities. Our experts are here to guide you through configuring this feature.
💷 UK Sort Code and Account Number Validation
Ensuring payment accuracy is paramount, which is why we’ve introduced a new validation process for UK bank accounts. This feature minimizes errors and failed payments, keeping your transactions smooth and reliable. Contact us to integrate this validation process into your payments system.
