Insurance

Insurance companies have multi-layered workflows and specific requirements greatly differing from other industries. Multi-party distribution chains, diverse regulatory compliances, complex financial procedures and risk management issues are indispensable parts of any insurance business, all entailing huge amounts of data, hence becoming a major challenge for any insurer.

Through its multiple loosely-coupled insurance-specific modules, the Factumsoft ERP Insurance Suite delivers a robust end-to-end solution for insurance companies to streamline their operations and efficiently optimize their underwriting, policy claims, billing and reinsurance processes by focusing on gaining competitive advantage and reducing overall costs.

With Factumsoft ERP, you can

Enhance claims functionality by having fast data capture and a holistic view to the entire claim lifecycle
Enjoy a centralized collections and disbursements system
Handle complex multi-product, multi-channel models
Identify cost-saving opportunities

Our Insurance Suite includes the following modules:

Core Insurance

Policy Processing
Claim Lifecycle and Management
Rating and Underwriting
Billing and Payments

Process Management

Commission Reporting
Imaging
Advanced Quote Management
Client Information Management
Automatic Reminders

Revenue Deferral

Premium Amortization over the Coverage Period
Flexible Revenue Recognition Schedules
Automated Deferral and Recognition

... which integrate with our core ERP modules

... creating all-in-one solution for your business management

Let's take your business to the next level

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