Benefits and Functionality of Claims Processing Software

Claims processing software forms an important business function for various public entities, insurance companies, and privately held companies. It is highly beneficial in providing effective management and analysis of information related to claims.

Functions
Maintenance and Documentation Storage

• Correspondences and reports pertaining to claims are maintained by the document depository software.
• Claim processing is documented, stored, and maintained for future reference.

Effective Claims Management

• Claims processing software manages the entire process from first notice of loss (FNOL) to final settlement.
• Software helps to obtain relevant information, document the task, and maintain reports or correspondences connected with the claims.
• Faster access to data thus providing support to employees for efficient operation.
• Track the performance of claims process and results in improved visibility which increases the ability to manage the claims efficiently.

Seamless Integration

• Claims processing software supports and allows integration with software products and other applications.
• Easy integration allows effective transfer of claim reports, data, and correspondences to other software products.

Benefits
Rise in Productivity

• Claims processing software eradicate the labor and amount of time involved in processing, resulting in raised claim volume.
• As the processing time for claims is reduced, more time available for employees to respond to customer queries.

Confidentiality and remote accessibility

• The SQL database software supports browser and other technologies to guarantee a secure remote accessibility.

Security

• Information of the claims is kept safe and secured by using encrypted data and with passwords at various levels.
• Only authorized users can access the system.
• The activity of the users is tracked constantly for ensuring a secured network.
• Information is kept confidential by filtered access rights, SSL and VPN encryption.

Error-free

• Reduces the need for administration which lowers human error considerably.

Claims processing software helps various entities, risk managers and insurance companies to reduce claim processing time, increase employee productivity, and provide enhanced customer service thus, giving you a competitive edge over the competitors.

JDi Data Corporation is a proven insurance software solutions provider offering policy management software, agency billing, rating and accounts receivable software. JDi Data claims management software is designed to be reliable, easy to use and cost-effective with expert and friendly service. JDi Data also provides quality workers compensation software, for more info visit our website http://jdidata.com.