IBM Services

DECEMBER 1, 2023

Insurers struggle to manage profitability while trying to grow their businesses and retain clients. Large, well-established insurance companies have a reputation of being very conservative in their decision making, and they have been slow to adopt new technologies.

Insurance 103

Insurance Automation Regulations Reduced Costs 103

Automation Anywhere

SEPTEMBER 17, 2022

As with any other industry, the insurance sector is under immense pressure to increase efficiency and remain competitive in an increasingly digital business landscape. To address this challenge, insurance companies can use Robotic Process Automation (RPA) and artificial intelligence to drive growth. Manual processes.

Reduced Costs 52

Reduced Costs Robotics Process Automation Management Insurance 52

Everest Group

DECEMBER 14, 2022

Looking back at the downturn in 2008, new FinTech trends emerged, including personal finance management (PFM), insurance aggregators and marketplace, robo-advisors, crowdfunding, challenger/neo/digital-only banks, and cryptocurrencies. FinTechs will move away from bundling/aggregation to financial ecosystem orchestration.

Banking 182

Banking Insurance Finance Advisory 182

Magellan Solutions

NOVEMBER 7, 2022

Insurance Back Office Support Tasks for 2023. Why do people get insurance back office support? Staff and insurance firms can find it hard to keep clients happy. Insurance companies use various ways to improve their business processes. Insurance companies need back office support for a lot of reasons. IT SUPPORT.

Insurance 75

Insurance Outsourcing Out-Tasking Offshoring 75

Everest Group

OCTOBER 1, 2022

Low code/no code development holds promise for banking, financial services, and insurance (BFSI) firms to gain agility and cost-effectively build innovative technology solutions – without needing professional developers who are in short supply. Reduced cost by having internal teams for development and maintenance.

Insurance 147

Insurance Banking Reduced Costs Collaborations 147

Everest Group

FEBRUARY 2, 2023

The banking industry is redefining itself through emerging technology that is improving products, customer services, and operational efficiencies. This can save money on transaction processing, leading to lower operating costs. Legacy banks and nations are now following the wave.

Banking 246

Banking Service Right-Sizing Automation 246

IBM Services

JANUARY 15, 2024

Enterprises now recognize the importance of leveraging innovative technologies to drive digital transformation and achieve cost efficiency. How do organizations avoid the digital risks of ‘technology misuse’ and achieve efficient innovation that ‘technology promotes production’?

Efficiency 72

Efficiency Insurance Robotics Process Automation Automation 72

Perficient Digital Transformation

JULY 6, 2023

A blockchain-based data model for health insurance could potentially help to improve the efficiency and security of the health insurance industry. In such a model, each participant in the network, such as a patient, healthcare provider, or insurance company, would have their own unique identity on the blockchain.

Insurance 52

Insurance Healthcare Reduced Costs Regulations 52

Everest Group

OCTOBER 17, 2023

For instance, Accenture’s acquisitions of Navitaire and Duck Creek Technologies showcased the power of assets, while TCS strategically positioned ignio as a transformation catalyst and upheld BaNCS as a revenue-generating platform within banking, financial services, and insurance (BFSI).

Streamline Operations 162

Streamline Operations Insurance Reduced Costs Banking 162

Perficient Digital Transformation

NOVEMBER 1, 2023

Intelligent automation and generative AI can unlock tremendous value for financial services leaders who want to optimize experiences and reduce costs. Perficient was honored to participate in the inaugural Banking, Financial Services, and Insurance (BFSI) event hosted by Kofax.

Insurance 59

Insurance Banking Robotics Process Automation Service 59

Magellan Solutions

FEBRUARY 20, 2021

Who Needs Insurance Outsourcing? Especially those that want to reduce costs and remove tedious repetitive tasks. As a matter of fact, insurance BPO projection within the period of 2020-2027 is at $8.3 As a matter of fact, insurance BPO projection within the period of 2020-2027 is at $8.3 Insurance Specialists.

Insurance 52

Insurance Outsourcing BPO Data Entry 52

Perficient Digital Transformation

OCTOBER 25, 2024

Reduce costs associated with legacy technologies and systems.” Our solutions are uniquely tailored to reduce costs associated with maintaining legacy systems, helping businesses optimize their IT budgets while focusing on growth. Gain access to technical and transformational skills and capabilities.

Managed Services 64

Managed Services Management Service Reduced Costs 64

Hyland

OCTOBER 31, 2022

Claims has been a top concern for property and casualty insurers , especially with recent events such as the COVID-19 pandemic and the ongoing threat of natural disasters. Claims in sectors like auto insurance increased in severity in recent years. The adage “time is money” is the core of efficient claims handling.

Efficiency 52

Efficiency Insurance Analytics Sourcing 52

Perficient Digital Transformation

JULY 3, 2024

Increased Efficiency : Streamline workflows and automate repetitive tasks, freeing up resources for more strategic activities. Reduced Development Time : Build UIs and workflows with minimal coding, enabling faster time to market. Reduced Costs: Minimize development costs compared to traditional coding approaches.

Insurance 111

Insurance Sourcing Automation Reduced Costs 111

Premier BPO

OCTOBER 23, 2024

ETL also enhances operational efficiency by making data readily available for analysis, reporting, and process optimization. By implementing these strategies, organizations can build reliable ETL processes that enhance data quality, enable timely decision-making, and improve operational efficiency.

Co-Sourcing 130

Co-Sourcing Streamline Operations Government Analytics 130

Perficient Digital Transformation

JULY 19, 2023

One such industry that will be forced to utilize AI solutions to gain a competitive advantage is the regional insurance carrier industry. By harnessing the power of AI, regional insurance carriers can streamline their operations, enhance customer experience, and make more informed decisions.

Insurance 52

Insurance Automation Streamline Operations Reduced Costs 52

Magellan Solutions

FEBRUARY 14, 2024

In recent years, the US healthcare industry has significantly increased its reliance on healthcare call center outsourcing companies to enhance patient care and operational efficiency. Improved customer service – Outsourced centers handle high call volumes extremely efficiently, reducing hold times.

Call Center 98

Call Center Healthcare Outsourcing Insurance 98

Accenture Insurance

NOVEMBER 20, 2014

Low interest rates, increased competition, sales channel pressures, legacy technology and proliferating regulations are all putting insurers under pressure to reduce costs and increase operating efficiencies. Enabling Agile Insurance Finance and Risk through Shared Services Part 1: The Pressure is on for Insurance CFOs.

Insurance 40

Insurance Shared Services Finance Reduced Costs 40

Metasource

NOVEMBER 30, 2021

Insurance companies manage daunting amounts of paper mail daily, such as claims, checks, grievances and appeals (G&A) , and enrollment forms. With an outsourced digital mailroom, your employees will gain the following benefits: Reduce costs on filing and storage. Experience You Can Trust for Insurance Digital Mailrooms.

Insurance 52

Insurance Outsourcing Reduced Costs Customer Service 52

Everest Group

SEPTEMBER 9, 2024

Capital Markets IT Services PEAK Matrix® Assessment The capital markets industry is transforming to enhance operational efficiencies and reduce costs. Enterprises are investing in Regulatory Technologies (RegTech) to manage compliance efficiently across global regulations.

Marketing 130

Marketing Service Cybersecurity Banking 130

Groove Technology

MAY 18, 2023

MuleSoft’s real-time integration capabilities enable businesses to achieve faster time-to-market, better customer experiences, and improved operational efficiency by providing a unified, scalable, and secure platform for orchestrating data flows across hybrid environments. What are the benefits of MuleSoft real-time integration?

E-Commerce 130

E-Commerce Supply Chain Management Government Banking 130

3Pillar Global

MARCH 14, 2024

When patients or members interact with your digital platforms, they’re engaging in transactional experiences—scheduling appointments, checking results, verifying insurance coverage, etc. This approach avoids fragmentation and creates more efficient digital journeys. Financial benefits. Staff satisfaction and retention.

Healthcare 98

Healthcare Reduced Overhead Insurance Right-Sizing 98

Everest Group

JUNE 16, 2023

Six benefits of supplier diversity Drives cost savings : By expanding the group of potential suppliers and encouraging competition, an inclusive procurement strategy can increase product quality while reducing costs.

Outsourcing 130

Outsourcing Service Government Sourcing 130

Perficient Digital Transformation

OCTOBER 24, 2024

This mitigates the risk of customer service representatives providing incorrect information and ensures compliance with regulatory disclosures, ultimately enhancing the overall customer experience while reducing costs. Co-pilots: Software supported and enabled traders to operate more efficiently and swiftly.

Regulations 52

Regulations Service Banking Cybersecurity 52

Magellan Solutions

MARCH 5, 2023

However, keeping up with the demands of digitization can sometimes lead to a sacrifice in productivity and efficiency, particularly when employees are reliant on traditional methods. Healthcare The healthcare industry is constantly evolving to meet the increasing demand for better and more efficient healthcare services.

E-Commerce 98

E-Commerce Out-Tasking Healthcare Administrative 98

Hyland

FEBRUARY 2, 2023

Today’s consumers demand fast and efficient digital channels to conduct financial transactions. Steve, Hyland’s assistant vice president of financial services and insurance sales, has more than two decades of experience in financial services. How can intelligent automation bring efficiency to the mortgage lending process?

Banking 91

Banking Automation Robotics Process Automation Insurance 91

SourceFit

APRIL 28, 2016

The global banking, financial services and insurance (BFSI) outsourcing market is expected to be worth more than $277 billion by 2020, according to a recent report released by Technavio. EMEA is also an important capital market and insurance business process outsourcing (BPO) location. Staff Leasing Philippines.

Insurance 40

Insurance Banking Outsourcing Service 40

Metasource

JUNE 22, 2021

Your current mail process may go like this: Employees receive all sorts of mail and email—invoices, purchase orders, membership applications, employment applications, insurance appeals, legal documents, etc.—that The post 4 Ways to Lower Operational Costs and Increase Efficiency appeared first on MetaSource.

Operational Costs 52

Operational Costs Efficiency Software Automation 52

NoonDalton

DECEMBER 13, 2021

So, we spend a lot of time figuring out each company’s pain points and processes to maximize the efficiency of the teams we put in place. . It could be significantly less expensive than expanding office space, and it is also more efficient and cost-effective than relocating. Insurance Processing. Faster time to hire.

E-Commerce 97

E-Commerce Out-Tasking Outsourcing BPO 97

IBM Services

OCTOBER 30, 2023

The retailer uses these insights to optimize inventory levels, reduce costs and enhance efficiency. Overall, this partnership enables the retailer to make data-driven decisions, improve supply chain efficiency and ultimately boost customer satisfaction, all in a secure and scalable cloud environment.

Analytics 83

Analytics Insurance Retail Streamline Operations 83

Automation Anywhere

NOVEMBER 23, 2021

Process insurance claims Processing health insurance claims is a task that must be done with precision. And it does add up in billing and insurance-related (BIR) costs annually paid by healthcare providers and patients. It is usually done manually, which can result in an error rate of up to 10%, causing rework.

Healthcare 80

Healthcare Automation Robotics Process Automation Administrative 80

IBM Services

APRIL 10, 2024

How can you pivot efficiently in response to the changing market conditions? How efficient is your release process? ” Cost efficiency from the container-based approach, financial organization: “ The main advantage we found is greater infrastructure efficiency by moving the workloads to Liberty.

Software 94

Software Efficiency Flexibility Insurance 94

NoonDalton

SEPTEMBER 8, 2021

continue to leverage BPOs to cut costs and improve efficiency. Reduced Costs. Outsourced call centers disperse these costs among a large number of clients, allowing them to pay only for the services they require – on a transactional or per-hour basis. Insurance Processing. Customer Support.

Call Center 98

Call Center Outsourcing BPO Flexibility 98

Groove Technology

SEPTEMBER 26, 2024

From recruitment and training to infrastructure costs, businesses often need help keeping up with rising expenses. This is especially true for companies balancing operational efficiency with digital transformation. This can result in cost savings through improved productivity.

Software 130

Software Outsourcing E-Commerce Reduced Overhead 130

Hyland

JANUARY 9, 2023

This blog post explains how to radically simplify documentation work, reduce costs and eliminate errors by going digital using content services. Import/export compliance is changing. Indeed, for some the future is already here.

Service 98

Service Regulations Administrative Automation 98

Hyland

NOVEMBER 21, 2022

While AP departments were a significant portion of automation priorities, insurance claims automation and HR were also called out. > > Read more | Extend HR efficiencies with OnBase’s SAP SuccessFactors integration. Drive efficiencies and go paperless. Creating more efficiency. Capturing cost savings.

Robotics Process Automation 95

Robotics Process Automation Cybersecurity Automation Accounting 95

Groove Technology

SEPTEMBER 26, 2024

This model is particularly popular among companies looking to reduce costs while dramatically accessing a vast talent pool. Companies can accelerate their growth and digital transformation efforts by leveraging global talent, reducing costs, and focusing on core business activities.

Software 130

Software Outsourcing Offshoring Nearshoring 130