Thousands of forms, hundreds of thousands of customers and staff, countless workflows. One efficient solution.
Paperwork and insurance seem practically synonymous. But for this international insurance company, our digital solutions offered a way for them to move away from all the paper and into a whole new realm of better customer service and data capture.
CHALLENGE
This mega-insurer had a library of over 7,000 forms – and, just due to the nature of static paper forms, each one had the potential of error, incorrect submission and the need for re-keying and re-processing data.
Twin Technologies stepped in to help the insurer figure out how to convert their library of over 7,000 forms from static to dynamic. We knew through our technical expertise with Adobe LiveCycle that dynamic forms could address much of the challenge through data pre-population, data collection rules that prevent incorrect data entry, instant sharing of form info with other applications, digital signatures, 2D barcodes, security features and more. But we needed to go even further to make a profound change that would increase efficiency, save time and money, and cement customer relationships.
OUTCOME
Huge processing cost savings gained through efficiency and automation, with more than double the time saved on processing errors. Just one example: a single change of beneficiary form used with nearly all new clients now saves the company over $3 million annually. Overall, forms are processed much more quickly, and submissions of every form are easier, as they’re built into the automated workflow. The company now has a solid audit trail history of claims, with instant access to the whole lifespan of each account, meaning better understanding and service for each client. Since implementing our system, the insurer sees new top-line growth and customer retention thanks to ease of use and the confidence of accurate communication.
