Insurance Reimagined: Coforge’s Bordereaux Processing Breakthrough

Challenges.

Managing binder agreements and bordereaux deference becomes a Herculean task when faced with:

• A jigsaw of formats and data quality.
• The spreadsheet maze from myriad stakeholders.
• Time-devouring inefficiencies costing $25,000 - $30,000 per FTE annually.
• A 10% error rate drilling a nearly $200,000 yearly expense hole.

Solution.

Behold, a beacon of automation that unlocks:

• Binder setups transformed into a breezy affair.
• A digital concierge for bordereaux uploads, from spreadsheets to emails
• Smart mapping that turns chaos into order.
• A common language for all data, bringing about unparalleled time savings.
• Insightful MI and data visualization, keeping you in the know.

The Impact.

• Manual efforts plummet by ~20-30%, banishing human errors from the annals of history.
• The bordereaux babel gives way to harmonious multiformat management.
• Data protection and compliance stride forward, hand in hand.

Key Highlights

• Quality and Compliance Guardian: Ensuring data integrity and regulatory harmony.
• Risk Management Maestro: Keeping risks tightly within the binding agreement’s embrace.
• Time and Efficiency Champion: Unlocking vast oceans of operational efficiency.
• Data Stewardship Visionary: Elevating data management to comply with stringent regulations.