Software links insurance repairers with estimate/claims data.
Press Release Summary:
CCC Intellisphere® Estimatic Indicators gives repairers information and insight to help them make decisions about their business as well as manage KPIs to improve insurer relationships. Estimate-related information helps repairers make sense of how their shop is doing and identify areas that may require attention. Software includes individual shop data with industry and local market industry information for shop to compare performance against local market averages.
Original Press Release:
CCC Introduces CCC Intellisphere® Estimatic Indicators
Reporting Solution Gives Repairers Information to Drive Business Performance, Proactively Manage Business Relationships
CHICAGO, Nov. 1 / / - Today many repairers learn about their insurance program performance when the insurer brings its report to a DRP status meeting, and that is too late. With today's announcement from CCC, repairers now have their own source for estimate and claims data. CCC Intellisphere(R) Estimatic Indicators is a new reporting tool that gives repairers information and insight to help them make better decisions about their own business, as well as help them manage key performance indicators (KPIs) to improve insurer relationships.
"Data is intelligence," said Bruce Bares, President of Hi-Tech Collision Centers. "Using data from CCC I can fine-tune areas of my business that need more attention as well as identify areas that are running smoothly. More importantly, I can do all of this before meeting with my business partners, which allows me to demonstrate my ability to drive my company's performance against agreed upon objectives. CCC's estimatic reporting solution has helped us realize marked improvements in the areas of cycle time, parts procurement and labor mix."
CCC Intellisphere Estimatic Indicators is an automated reporting solution that utilizes CCC's database of more than 100 million files worth of data. It provides important estimate-related information to help repairers make sense of how their shop is doing and identify areas that may require attention. Estimatic Indicators includes individual shop data with industry and local market industry information so a shop can compare its performance against local market averages to understand where their strengths and opportunities exist.
"In the past, repairers have had to piecemeal data about their own shop's performance," said Debbie Day, CCC's Senior Vice President of Marketing and Product Management. "CCC's new estimate reporting solution provides information about a shop's operation, how it compares to local industry data, and performance against KPIs. The net benefits are satisfied consumers, efficient, profitable businesses and improved DRP relationships."
About CCC
CCC Information Services Inc. provides leading automotive claims and repair solutions that drive efficiencies and enable its clients to make smarter decisions in every step of the process. CCC delivers integrated products and deep industry insight to clients through its network of insurers, repair facilities and information providers. CCC's network includes 350 insurance carriers, in excess of 22,000 repair facilities and information from more than 30 data providers that has resulted in the industry's most comprehensive data warehouse of claims file information. For more information about CCC Information Services Inc., visit our Web site at www.cccis.com/ or contact John Harris of CCC at 312-229-2693.
Source: CCC Information Services Inc.
CONTACT: John Harris of CCC Information Services Inc., +1-312-229-2693, jharris@cccis.com
Web site: www.cccis.com/
