From Spreadsheets to Efficiency: How Copasys® Streamlined Audits for a Leading Specialty Insurer
Overview.
A specialty insurance leader in the US struggled with manual quality audits. Spreadsheets and email attachments made data analysis slow and error prone. Coforge's Copasys® platform streamlined the process, which helped automate data assignment, audit execution, and reporting, all while ensuring accuracy and centralizing data for easy retrieval. This resulted in increased efficiency, improved audit accuracy, and better data managementA specialty insurance leader in the US struggled with manual quality audits. Spreadsheets and email attachments made data analysis slow and error prone. Coforge's Copasys® platform streamlined the process, which helped automate data assignment, audit execution, and reporting, all while ensuring accuracy and centralizing data for easy retrieval. This resulted in increased efficiency, improved audit accuracy, and better data management.
There were several challenges in manual and error-prone checking of work:
Quality audits were performed manually using multiple excel sheets and Microsoft Access-based tools. This made it difficult to consolidate and analyse data.
Input files for quality audit were received through emails, data was distributed and collated through Excel files & shared/ stored in excel format.
Managing workflow & reporting was time consuming as data was in multiple excel files.
The Audit Checklist was not followed strictly.
Our Solution.
The Copasys® solution - a centralized Quality Assurance platform which supports:
Assignment of data (once uploaded) through Copasys to different auditors; auditors performed the audit & saved the results on the platform.
Reports were generated through a Business Intelligence reporting tool and exported, thereby reducing several manual steps.
All audit results are now stored on the Copasys platform, eliminating the need for storing data in excel files.
The Copasys-enabled audit has a step-by-step flow so that none of the mandatory checks are missed, ensuring accuracy of audits.
Ease in generating various reports for management review.
The Impact.
Increased efficiency by eliminating manual steps in workflow management.
Improved accuracy in audits.
Efficient management of data & report audit results through a centralized platform.
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