Invoice Cloud | March 17, 2021
Invoice Cloud, an EngageSmart answer for online bill payment services, today reported huge development in the insurance industry, having marked 150 insurance clients in three years. Invoice Cloud presently serves clients in large commercial and personal lines, laborer's compensation, farm bureaus, medical malpractice, regional carriers, and managing general agents (MGAs)— supplanting significant contenders more than 40 times.
The previous year brought a restored push for advanced change in the insurance industry as a worldwide pandemic challenged insurers to communicate, service and process manual payments, and to win new business. All must be managed without taking a chance with the wellbeing and prosperity of workers acquainted with an in-person working model.
With mail frameworks under huge tension in the midst of extreme climate occasions and a critical expansion in volume, the requirement for protected, productive, easy to use computerized payment choices has additionally skyrocketed. People and independent ventures have been under colossal monetary pressure with worldwide disturbance and a financial plunge at play, just enhancing the requirement for disentanglement of payments.
Invoice Cloud clients have encountered striking, substantial advantages from the stage. California Mutual, for instance, encountered a 151% expansion in e-appropriation and higher consumer loyalty, a 15x expansion in paperless enlistment, a normal diminishing of 15 hours of the week spent on payment compromise, and a lessening in sent payments, all inside a year of carrying out the Invoice Cloud arrangement.
Invoice Cloud has additionally as of late marked two large clients in laborer's compensation insurance. The organization's work with carriers of laborer's compensation insurance shows the arrangement's top-rate customization abilities, as these clients frequently choose a pay-more only as costs arise plan rather than the basic level fee model utilized by most insurance organizations.
About Invoice Cloud
Invoice Cloud, an EngageSmart solution, is the leading provider of online bill payment services. Founded in 2009, the company has grown to be one of the leading disruptors in the cloud-based electronic bill presentment and payment (EBPP) space, helping legacy institutions put customer experience first. By switching to InvoiceCloud, clients improve customer engagement, loyalty, and efficiency while reducing churn and missed payments in the process. With over 2,100 clients across the US and over 50 million payments processed annually, InvoiceCloud is one of the most secure, innovative, and inclusive fintech solutions in the market.
Guidewire | June 10, 2021
Exavalu, Inc. is promoted to PartnerConnect Consulting Select partner by Guidewire Software, Inc.; the platform P&C insurers rely on to engage, innovate, and expand effectively. There are three relationship tiers in the PartnerConnect Consulting partner program: Select, Advantage, and Global Premier. The levels are designed to award partners based on their accomplishments and contributions, such as insurance sector expertise, the number of Guidewire certified employees, and specialization achievement.
Exavalu, Inc. is a consulting company focused on the insurance industry that serves as a trusted adviser to significant property and casualty insurers on core and digital transformation. Exavalu’s global Guidewire practice comprises seasoned experts with several years of implementation expertise in the Guidewire suite of products, including InsuranceSuite, Digital, Data, and InsuranceNow, along with Guidewire Cloud, Guidewire’s cloud services.
“We congratulate Exavalu, Inc. on its well-deserved promotion to Select partner within our PartnerConnect program,” stated Lisa Walsh, vice president of Alliances at Guidewire Software. “We are delighted to recognize Exavalu Inc.’s proven implementation experience throughout Guidewire’s suite of products, and we look forward to strengthening our collaboration in serving our mutual and valued customers.”
About Exavalu, Inc.
Exavalu, Inc. is a consulting firm focusing on the insurance business that serves as a trusted advisor to leading Property & Casualty insurers on Core and Digital Transformation. We assist insurance carriers in executing their market growth, profitability, cost-cutting, risk management, and innovation strategies. Our global team of highly experienced Insurance business and technology SMEs provides carriers with advisory and implementation services on core modernization, customer experience enhancement, integration, automation, data analytics, artificial intelligence, and cloud migration and engineering.
About Guidewire PartnerConnect
Guidewire PartnerConnect Consulting partners offer business transformation and strategy consulting and implementation and related solution and delivery services. Guidewire Consulting practices now have over 12,000 consultants globally that have been trained or have expertise with Guidewire products. Guidewire PartnerConnect is a program that is exclusively available via invitation.
Vertafore | June 30, 2021
Vertafore, the industry leader in modern insurance technology, announced the next version of ImageRight, the industry's leading workflow and content management solution developed especially for insurance carriers today. The news was made at the Carrier Week keynote event at Accelerate, powered by NetVU.
ImageRight 7 offers a completely redesigned user experience in a web-based interface, allowing users to accomplish more streamlined core procedures and customized task lists.
The upgrade, which is the first in Vertafore's multi-year effort to modernize ImageRight, is accessible anytime and everywhere through contemporary browsers, allowing carriers to better equip their workforce for success as the "new normal" of work evolves. ImageRight 7 also offers compliance and security upgrades to bring users up to speed on the most recent rules and regulations.
Improvements such as ImageRight 7 offer a cutting-edge user experience that boosts productivity and simplifies activities.
• An easy-to-navigate, find, and track interface allows users to browse quickly, discover and track policies and any related documents.
• The ability to edit and manage Microsoft Office files directly from ImageRight, with all changes synchronized.
• Personalized to-do lists that prioritize work. To-do lists are updated in real-time, minimizing the number of clicks required to access the most recent activities.
Vertafore Hosting for ImageRight 7 can save carriers about 25-50% on an annual basis.
Vertafore Hosting, a new cloud hosting option offered via Amazon Web Services, is also included with ImageRight 7. Carriers get ImageRight supplied as Software-as-a-Service (SaaS), including automatic version updates, as Vertafore relieves carrier IT teams of the hosting burden, allowing them to focus on other priorities.
Data from Vertafore users indicate that Vertafore Hosting saves a carrier with 100 users an average of $320,000 over three years or 25-50% cost of ownership. The greatest savings come from reducing capital costs of maintaining ImageRight's hardware, operating systems, databases, and backup system infrastructure.
For more than 50 years, Vertafore has been the North American InsurTech leader, modernizing and simplifying insurance distribution so that our clients can focus on what matters most: people. Vertafore's solutions enhance the client and agent experience, unlock the power of data, and simplify critical processes to promote efficiency, productivity, and profitability for independent agencies and carriers.