Insurance Efficiency with Coforge’s Credit Control Solution Accelerator
Overview.
The insurance industry faces growing demands for precision and efficiency in data collection and invoicing. Coforge’s Credit Control Solution Accelerator redefines operations with automation, system integration, and real-time insights. This case study highlights how insurers can accelerate workflows, enhance visibility, and achieve compliance through innovative tools, offering actionable insights to streamline and future-proof their processes.
Gone are the days of manual, error-prone invoice generation and the cumbersome collection of insurance data. Coforge introduces a groundbreaking solution to catapult insurance operations into a new era of efficiency and precision.
Solution.
Coforge's Credit Control Solution Accelerator is more than just a solution; it's the key to streamlining your insurance operations. By harnessing the capabilities of Appian Workflow Management, Ledger, Underwriter, and Core Banking Systems, this accelerator becomes a powerful engine for automation and integration. Here are a few of its standout features:
Automated Premium Chasers: Say goodbye to missed premiums with automated reminders.
Dynamic Invoicing: Customizable invoice templates at your fingertips.
Comprehensive Integration: A seamless blend of crucial operational systems.
Responsive UI Forms: For invoicing, chasers, and overdue direct debit collection with ease.
Configurable Rules: Tailor-make your business and data validation rules.
Analytical Dashboards: Monitor operations with insightful charts and reports.
The impact.
20%
Increased Productivity
50%
Reduction in Processing
25%
Increase in Premium Collections
Leap into a time where time to market is accelerated, and processing times are slashed. With Coforge’s low-code/no-code platform, experience the freedom of dynamic configurations and the precision of business-rules-driven underwriting decisions. Witness enhanced visibility and control over policy details, overdue premiums, and actions on continuously missed premiums with our Policy & Claims 360° feature.
Key Highlights
Accelerated Operations: Streamline workflows from invoice generation to premium collections.
Integrated Systems: A harmonious fusion of essential operational systems for unmatched efficiency.
Dynamic Customization: Adapt and evolve with configurable templates and rules.
Insightful Monitoring: Keep a pulse on operations with comprehensive dashboards and reports.
