Product News: Software
CCM Software improves client onboarding for insurers.
Press Release Summary:
January 14, 2014 - Replacing multiple solutions with one platform and thin-client UI, GMC Inspire Client Onboarding for Insurance provides effective execution of onboarding process with branded documents for underwriting that are consistent, traceable, and customized. Customer Communications Management (CCM) solution, based on flexible modular platform, automates front and back office processes to ensure consistency of complex information across organization.
Original Press Release
Insurers Set for Better Client Onboarding through GMC Software
Press release date: January 9, 2014
APPENZELL, Switzerland -- Streamlined onboarding process improves policyholders' experience, reducing costs and cycle time
GMC Software Technology (GMC), the award-winning leader in Customer Communications Management (CCM) and output management, announces the release of its latest application, GMC Inspire Client Onboarding for Insurance( http://www.gmc.net/en/applications/client-onboarding ).
A part of the GMC Inspire( http://www.gmc.net/en/gmc-inspire/gmc-inspire-overview ) solution suite, Client Onboarding provides effective execution of the onboarding process with branded documents for underwriting that are consistent, traceable and customized, improving the overall customer experience for insurance enterprises.
Having been positioned in the Leader quadrant of Gartner's recent Magic Quadrant for Customer Communications Management Software( http://www.gmc.net/en/gartner-magic-quadrant-customer-communication-management ) report, GMC Software has identified the pain points both insurers and consumers experience during transition from marketing to sales, from sales to underwriting, and from underwriting to operations and customer support. GMC Inspire Client Onboarding replaces multiple solutions with a single platform and thin-client user interface.
Based on a flexible modular platform, the application automates front and back office processes, ensuring consistency of complex information across the organization and allowing insurance company staff to readily respond to changing customer demands. It seamlessly connects customers to agents, underwriting and call center staff, all of whom have real-time access to tools and data to quickly complete compliant, consistent insurance documents.
Client Onboarding helps insurers drive business growth with:
-- 80 percent quicker implementation time of new insurance products and regulatory changes, which lowers abandonment rates during the onboarding process and improves retention for easy renewal and upselling
-- 64 percent faster writing of individual communications than standard office systems, which leads to a better customer experience
-- 50 percent reduction in total cost of ownership with a single platform, which also overcomes barriers in a legacy IT landscape to improve agility
-- 50 percent greater efficiency, with control given to business users while consolidation of the number of templates provides major savings in application maintenance. This leads to higher retention of agents/brokers who have the tools they need to work more effectively and efficiently even from remote locations
"The complexity of today's insurance products often means a slow, laborious process to put accurate, branded communications in the hands of the insurance company's most important asset-its customer," said Didier Rouillard, vice president of product marketing, GMC Software Technology. "The streamlined workflow provided by GMC Inspire Client Onboarding not only ensures greater customer satisfaction by serving the prospect and customer in time and within compliance, but insurance companies will benefit from reduced costs and cycle times and lowered staff churn."
GMC Software Technology AG: delivers solutions in the field of Customer Communications Management. The company's platform, GMC Inspire, enables enterprises to deliver relevant communications at the right time, through the preferred channel for every customer to help businesses increase customer engagement across multiple touchpoints, driving customer loyalty, acquisition and operational efficiency.
GMC Software Technology serves thousands of clients worldwide across the banking, insurance, retail, business services, telco/utilities and healthcare industries. Having received numerous awards in the field of CCM, it is recognized as an industry leader for innovation. Visit: http://www.gmc.net.
The GMC logo and GMC Inspire are trademarks of GMC Software Technology