Improve Information Management in Your Insurance Business

From disparate data to empowering insights: How advanced capture solutions drive efficiency throughout the entire organization

The insurance industry runs on information. Whether it flows into the business from paper forms, emailed documents or mobile apps, this multi-channel data contains important insights. Yet 58% of information management professionals wouldn’t rate their organization as “good” or “very good” at deriving business value from this information.1  Roughly the same heavy portion say their business doesn’t effectively manage the costs of collecting, storing and securing information.

For insurers that embrace financial services data management technology at each step of information’s journey through their organization, the benefits are significant: improved workflows and superior customer service.

Deliver insurance services in a timely, efficient, and cost-effective manner by implementing automated processing of insurance-related documents.

Specific Needs:
*Many different documents to deal with, including claim forms, contracts, explanations of benefits (EOBs) and many more
*Regulatory compliance
*Quick response to policyholders
*Long-term centralized archiving of insurance-related documents
*Staying ahead in a highly competitive market

ABBYY Solutions:
*Conversion of Scanned Paper, Images, PDFs to Editable Documents
*Paper- or image-original documents can quickly and accurately be converted to editable formats.
* High-Volume Searchable Archives Creation
*ABBYY offers a powerful server-based solution for centralized conversion of high volumes of paper or image original documents into searchable archives and repositories.
*High-Volume Document, Form and Invoice Processing

ABBYY’s solution automates and accelerates the processing of high volumes of various document types – classifying them, extracting valuable indexes and exporting them as searchable files into business applications or archives.

Insurance companies face some of the broadest ranges of documents that need to be managed. Claims processing, financial regulatory compliance or general business documents must be effectively managed by insurance companies. IMS has the capabilities to manage all of these documents quickly and efficiently. Eliminate document shipping and storage costs and reduce your operating expenses. Our technology solutions allow you to quickly connect the documents to your line of business applications and workflow processes. You can process claims faster and more efficiently, reducing administrative costs and providing better customer service. A document management solution allows you to move to a self service model, giving information to your customers faster. With a document management solution, you can now connect documents to your accounting, financial management and operational solutions allowing you to improve reporting and better manage your operations. Finally, IMS gives you deployment choices. Whether you use our document conversion capabilities, cloud document management solutions or deploy it in house, we can deliver a solution that meets your technology, data connectivity or budget needs. Contact us for a free consultation or quote