Overview:
Equisoft is a leading platform that guides other online companies to operate better on the digital stage. Any business and online venture can update its workflow with the help of tools provided. Automatic renewal and upsell opportunity alerts can improve performance. Constantly keep an eye on the results with simple activity and executive reports. Connect to CRM productivity wherever and whenever people need it by using the Equisoft/connect mobile app. Data is seamlessly integrated by the solution. The company's book of business does not need to be manually entered. Through their extensive network of data gateways, customer data immediately loads in the CRM to provide a complete financial picture of the client. Equisoft/connect can be combined with the Plan and Analyze programs to create a world-class suite of adviser tools that are so effective companies will wonder how they ever managed without them. Individualized instruction. Help desk assistance and automated data integration are all available now. It is possible to use colors, logos, disclaimers, and single sign-on with other IPC advisor products. Support at the Enterprise Level for the Complete CRM Experience Customization of Enterprise Grade for the Brand. Insights on how to use unified data streams to reduce work and enhance customer relationship management. Hints on utilizing workflow automation to save time and money. This way, businesses would be able to operate better with the help of the given features.
About Equisoft:
They create insurance solutions for every stage of the transformation process, from CRM to claims management. The technology, which was created to support all business lines, is used globally as standalone modules, integrated software solutions, and whole back-to-front office platforms. Equisoft/centralize automates time-consuming duties like commission accuracy enforcement. As well as compliance while streamlining and connecting a distributor's operations to a single back office system. A flexible, enterprise-wide, multichannel system for creating and contrasting compliance quotes and images is called Equisoft/illustrate. The usage of technology by carriers allows them to simply adjust to changing regulatory requirements and introduce new insurance products swiftly. One must be able to automate compliance so companies may focus more on serving clients' needs and less on worrying. Equisoft/apply is an electronic application wizard with a focus on sales flow that facilitates full, straight-through processing. It provides total control over the inquiry flow and interfaces with current systems. Code configuration is not necessary. A CRM created exclusively for the life insurance sector is called Equisoft/connect. By automating tedious duties and administrative procedures. Advisers are freed up to concentrate more on creating customer connections that increase revenue. Equisoft/plan is a potent set of tools for compliance and financial requirements analysis. With thorough analyses of a client's current and persuading recommendations for their future, it drives the customer experience.
Company's Services:
- OIPA has received recognition from Gartner for its highly adaptable, rules-based engine, which enables speedy life insurance product configuration, deployment, and management.
- Because they are the only V9-10-11 certified integrator, Oracle asks us to handle their most challenging projects. The staff, past performance, specialized tools, and accelerators guarantee quicker deployments with lower risk. Because of this one platform's potent capabilities, enable us to customize it to the objectives of the clients. They have put significant intellectual capital into it.
- The company has developed complementary tools, mastered data migration, and develop front-end solutions and accelerators that lead the industry in terms of value and implementation speed.
- Because we've seen it all and don't need a project, hand holding. The team helps people feel less stressed. They offer profound industry insights and present ideal choices that no one could have imagined. Customers and executive sponsors can monitor, check out, and test the application as it develops.
- The outcome of the client-side testing, proprietary configuration tool, iterative implementation process, and discovery blueprints. Full configuration, integration, and support training and coaching for the business's internal team.
- Migration and organization:
- Even though They have transitioned to or from every imaginable vendor-supplied policy administration system in North America, They don't approach every project in the same way.
- The platform mines into the core system and provides instant clarity and visibility into the needs. So it can be integrated into the process, in contrast to typical efforts that take months just to get started.
- Their in-house developed DCA technology detects and stops data abnormalities. Their automated, turnkey technologies and unmatched experience are used to manage migration. "Smart Conversions, Smart Tools" Tools offer a strong foundation for auditing and reconciling the migration. No additional instruments or processing are needed. One audit path, one tool.
- Industry-wise management:
- the largest modification to insurance compliance in more than 20 years. They are in the greatest position to assist people in meeting the demands of this new standard while sticking to best practices and interpretations because they are a dependable Oracle partner.
- The company's staff helps the business team feel less stressed. Since they have seen it all, They won't require any project support. They present the best options that no one thought were feasible and share in-depth market knowledge. Their customers and executive sponsors can monitor, check out, and test the application as it develops.
- With the help of the given solution, the IFRS 17 calculation engine is fed by a single source of analytical truth that houses all insurance data sets. The reporting platform combines distinct operations with the appropriate level of detail and accuracy.
Pros:
- Making the switch is always a smart move. The automatic features and tools provided by Equisoft make it simpler for online firms to enhance performance flow.
- The platform helps other online firms because it is a digitally active organization. coping with current issues that can't be solved using traditional techniques.
- It is made simpler for other platforms to keep a well-defined plan in place. The business can plan upcoming sales routes. This aids in preparing for unforeseen events.
- Real-time insight generation and a productive working environment are provided by the company. Everyone is pointed in that direction by this. As a result, many online businesses profit from it.
- CRM-driven solutions help to strengthen client relationships, which further guarantees a powerful partnership and improved revenue.
Cons:
- Modern technological innovations have eliminated manual labor. The human brain's capacity for accountability is decreased as a result. further intensifies reliance on the digital sphere.
- if at any point the data system crashes due to a technological fault. The current situation makes it highly unsafe to rely on the system because the entire system would be in jeopardy.
Conclusion:
With the help of a huge library of useful resources based on the experiences of the knowledgeable team, improve understanding of insurance and investing. Filter by role, topic, or type of resource. They create insurance solutions for every stage of the transformation process, from CRM to claims management. The technology, which was created to support all business lines, is used globally as standalone modules, integrated software solutions, and whole back-to-front office platforms. Their implementation services team is regarded as the best in the world on a worldwide scale. Additionally, They only collaborate with the industry's most reputable insurance policy administration system. To manage the most important shift to insurance accounting compliance regulations in more than 20 years, utilize the greatest insurance & data experience in the sector. The data migration is 99.9% accurate, and the company approaches every project from a business viewpoint as well as a technical one. One shouldn't transfer data alongside anyone else. This way, any business can boost its workflow with easy-to-apply tools.