Systema Software has introduced an advanced business intelligence module for the SIMS Claims next-generation browser-based property and casualty (P&C) claims administration system.
Dubbed SIMS Insight, the newly launched module delivers powerful data analysis and reporting capabilities that provides customers with information required for improvement of claim results, reduction of program costs, as well as future risk minimization.
Systema Software CEO Jose Tribuzio said the existing business intelligence tools are outdated, making data analysis task cumbersome and costly, and also the resulting reports are static often lacking required information, and are ineffective for sophisticated forecasting.
"With SIMS Insight, claims organizations have available the latest business intelligence tools -- including data cubes, powerful business reporting, and predictive models -- to capture additional savings, optimize operations, and enhance profitability,'' Tribuzio added.
''SIMS Insight provides claims, risk, and insurance management professionals with the analytic capabilities to make more informed and strategic business decisions that give them an edge in the industry."
Key benefits and capabilities offered by SIMS Insight include the ability to perform data analysis with greater power and agility, assistance during identification of drivers behind costly claims exceptions, such as fraud and litigation, eventually helping claim departments to configure business rules and workflow automation, routing cases to expert resources for proactive management and cost control.
The module also enable organizations to improve their performance and results, besides helping business-level users to explore data, generate ad hoc reports, and create user-friendly charts, thereby saving significant time and operational costs.
Systema Software is a provider of innovative Workers' Compensation and P&C claims administration systems to the insurance industry.
