Large New England Insurance Agency Vastly Improves OCIP Administration Using VUE Wrap-Up Management
Dramatic Time-Savings and Increased Efficiencies Prepare Agency to Broaden Client Base
Coconut Creek, Florida, 1/30/2014 — VUE Software® today announced that the Boston outpost of one of the largest New England-based independent insurance organizations has successfully implemented the VUE Wrap-Up Management™ system, the premier industry-standard technology platform for wrap-up administration. Replacing its outdated, labor-intensive system with sophisticated automation has streamlined and strengthened the organization’s administrative operations, paving the way for new clients.
The agency offers a wide range of insurance services and owns more than 30 offices. The agency’s Boston location specializes in Owner Controlled Insurance Programs (OCIPs) for higher education organizations. These include two of the leading private universities in the country. Originally, the agency used an outmoded wrap-up administration system that required extensive manual involvement.
Implementing VUE Wrap-Up Management enabled the agency to leverage automation in place of many tedious manual processes. As a result, the organization vastly improved its administrative functions and positioned itself for additional higher education projects in New England. Two areas where the agency realized dramatic time savings and accuracy improvements were processing insurance cost-calculation worksheets and reporting payroll.
“Rather than continuing to invest in an in-house system, many organizations find it more cost-effective and efficient to use VUE Wrap-Up Management. We’ve assisted larger players in this space, and we’ve also brought value to smaller companies,” said Stephanie Castro, director of the VUE Wrap-Up Management business unit at VUE Software. “Budget restrictions keep smaller companies from investing in advanced technology, so their only option has been building something in-house that wasn’t very robust. With VUE Wrap-Up Management, we’re able to give them enterprise-class software while maintaining the level of affordability they need.”
An easy-to-use Web-based platform that can go live in as little as two weeks, VUE Wrap-Up Management empowers Controlled Insurance Program (CIP) administrators to work effectively instead of worrying about technology issues or system overhead. The solution is easy to customize. Regular, free updates include the most recent forms, best practices and enhancements. VUE Software is the leading provider of wrap-up management technology.
VUE Wrap-Up Management allows administrators to capture all subcontractor details, including experience modifiers, multiple contacts, offsite coverage and payroll reports. Automated checkpoints within the system flag delinquencies and send notifications to ensure total compliance and maintain accurate contractor records.
About VUE Software®
VUE Software is a leading provider of distribution, incentive compensation and sales performance management suites. Backed by over 20 years of insurance experience, VUE Software solutions are built for the insurance industry to meet the unique needs of the life, health, property and casualty, distribution and non-carrier verticals. VUE Software is a doing-business-as (DBA) name of Computer Solutions and Software International, LLC (CSSI). For more information about VUE Software, please call 1.877.488.3763 or visit www.vuesoftware.com.
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VUE Software is a registered trademark and VUE Wrap-Up Management is a trademark of Computer Solutions and Software International, LLC. All other registered trademarks, trademarks or service marks belong to their respective companies.