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

Everest Group

AUGUST 9, 2024

Guidewire’s latest release, Kufri, showcases the company’s dedication to innovation, efficiency, and global reach in the insurance technology space. Emphasizing streamlined processes, advanced data analytics, and expanded global solutions, Kufri is set to enhance the competitive edge of insurers worldwide.

Insurance 64

Insurance Marketing Analytics Efficiency 64

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

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

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

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

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

IBM Business Partners

JUNE 23, 2023

Although interest rates have increased at an unprecedented rate over the past year due to efforts by central banks to curb inflation, insurers are locked into low-yielding investments, and it will take several years for their investment yields to improve. Core modernization (processes and technology) is a top priority for every insurer.

Insurance 56

Insurance Administrative Right-Sizing Automation 56

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

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

JULY 28, 2024

In this report, we demonstrate how innovation will support insurers dual agenda of in achieving reduced costs, improved efficiency, and maximum growth.

Insurance 59

Insurance Marketing Reduced Costs Efficiency 59

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

Everest Group

MARCH 17, 2023

Managing General Agents (MGAs) and wholesalers are becoming increasingly relevant in the insurance ecosystem due to the unique advantages they have over brokers/agents. Technology and business process services (BPS) providers can help MGSs reduce costs and increase their digitization and automation intensity.

Insurance 52

Insurance Robotics Process Automation Risk Management Risk Management 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 Healthcare Out-Tasking 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 Retail 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 Administrative 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 Retail Insurance 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

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 72

Banking Insurance Finance Advisory 72

NoonDalton

APRIL 12, 2022

Some of the advantages of outsourcing HR tasks are obvious, such as cost savings or increased efficiency; nevertheless, people often neglect certain significant advantages. . Reduce Costs. HR works with employees and their families on very sensitive issues like health and life insurance. Pros of HR Outsourcing.

Outsourcing 98

Outsourcing Human Resources Payroll Insurance 98

IBM Services

MAY 9, 2024

Healthcare organizations need a strong data governance framework to help ensure compliance with regulations like the Health Insurance Portability and Accountability Act of 1996 (HIPAA) in the US and the General Data Protection Regulation (GDPR) in the EU. Inaccuracies might also lead to more delays or complications with insurance coverage.

Government 71

Government Healthcare Regulations Insurance 71

Amzur

JANUARY 10, 2024

With the proliferation of data and technological maturity across industries, AI implementation has become a lynchpin in bringing new levels of automation, consistency, scalability, and reduced costs. AI helps in understanding nearly any industry by collecting and analyzing tremendous amounts of information efficiently and accurately.

Data Entry 105

Data Entry Right-Sizing Robotics Process Automation Automation 105

Magellan Solutions

FEBRUARY 15, 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. These countries’ lower wages and benefits make outsourcing attractive, translating to significant savings for healthcare providers and insurers.

Call Center 52

Call Center Healthcare Outsourcing Insurance 52

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 59

Insurance Banking Reduced Costs Collaborations 59

Magellan Solutions

MAY 3, 2022

Because of the 24/7 operations, unique technologies, and better innovation of call centers in countries like the Philippines and India, the company expected to get better assistance in processing efficiencies. Through this, SoftBank expected to enhance sales and marketing efficiency, improve productivity, and increase sales.

Call Center 81

Call Center Outsourcing Offshoring Banking 81

Perficient Digital Transformation

MARCH 12, 2024

This emphasis on convenience not only improves patient outcomes but also has the potential to translate into cost savings for payers. Technology Integration Tech-driven platforms offered by new entrants provide data insights and automation, potentially streamlining processes and improving efficiency within the PBM industry.

Management 52

Management Healthcare Analytics Insurance 52