Bothell, WA – 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:
Account Dashboard
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.
For more information on Vertafore’s BenefitPoint solution, visit www.vertafore.com/benefitpoint.
About Vertafore
Vertafore’s comprehensive insurance management software solutions lead brokers and carriers to adapt to an evolving insurance industry to efficiently scale their businesses through deeper access to information and insights. The Vertafore product line is built on a platform, empowering customers and other solution providers to adapt and thrive as the market changes. Vertafore’s platform features fast innovation, partnerships with the best technology companies, and customizable solutions to help companies remain independent during a time of industry disruption. As the leader in modern insurance technology with the largest customer base in the industry, Vertafore connects every point of the distribution channel, from agencies and carriers to MGAs, MGUs, and state governments. For more information about Vertafore, visit www.vertafore.com, read the company’s blog, and follow the company on Twitter, Linkedin, and Facebook.
About RiskMatch
RiskMatch is a business intelligence and analytics company that delivers a suite of web-based solutions for insurance brokers and underwriters throughout the U.S. Its patented platform delivers an array of portfolio management, analytic and data management services designed to enable brokers and underwriters to enhance performance, reduce costs, facilitate growth, and improve their client service capabilities. For more information, visit the RiskMatch site.