# 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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