Vertafore is the market leader in benefits software, providing the industry’s first cloud-based benefits specific solution.
Bothell, WA (PRWEB) January 27, 2016
Vertafore®, the leading provider of software that transforms the business of insurance, today shared significant updates to its industry-leading BenefitPoint® solution. Vertafore has more than 15 years of experience helping independent agencies increase profitability and streamline benefits management– tenure that others simply can’t match. The company is proud to introduce a new Account Dashboard and other time-saving enhancements to its longstanding solution used by 700 benefits brokers including 8 of the top 10.
Vertafore is the market leader in benefits software, providing the industry’s first cloud-based benefits specific solution. More than 48 million employees are covered under plans through BenefitPoint. Today, many agencies are burdened with manual line-by-line comparisons of estimated carrier commissions versus checks received. Other agencies are altogether bypassing this step and relying solely on carrier accuracy. With BenefitPoint revenue tracking capabilities, customers can upload carrier statements electronically, analyze estimated revenue based on actual receivables, and quickly identify any missing revenue or short-pay issues. Today, 80% of the largest benefits brokerages rely on BenefitPoint, and on average, are identifying two to six percent in missing revenue.
Enhancements to BenefitPoint include:
Brokerages can quickly view key metrics of an account, including estimated revenue, actual revenue, and most profitable policies of an account.
Improved Attachments and Search Capabilities
Users can attach, share and search for content, making it even easier to find what they need, saving them time and saving them clicks.
Track International Addresses
Solution is now compatible with international addresses, making it easier to build a book of business with clients anywhere in the world.
These events come on the heels of product improvements released in the fall of last year. Those improvements include streamlined reassignment of accounts, and enhanced audit capabilities to help defend against E&O claims.
Vertafore delivers cloud-based insurance software and services that transform the business of insurance. With the largest customer-base in the industry, more than 25,000 agencies and carriers leverage Vertafore’s insurance solutions that are built on today’s most advanced cloud, mobile, and information technology platforms. Only Vertafore offers the most complete portfolio of solutions for agencies and carriers to drive efficiencies and increase profitability – including agency management, rating and connectivity, content management and workflow, information solutions and producer lifecycle management. For more information about Vertafore, visit http://www.vertafore.com and follow the company on Twitter, LinkedIn, and Facebook.
© 2016 Vertafore Inc. All rights reserved. Vertafore and BenefitPoint are trademarks of Vertafore and its subsidiaries. Third party trademarks belong to their respective owners.