Vertafore Releases Most Impactful AMS360 Update in Recent History
DENVER, May 21, 2018 /PRNewswire/ -- Vertafore®, the leader in modern insurance technology, announced the most impactful update in recent history to AMS360®, its market-leading agency management system, at its annual user conference, Accelerate, powered by NetVU™.
The enhancements include numerous improvements to core functionality and major new capabilities including automatic document processing and a modern, easy-to-use proposal builder solution. The update has the potential to reduce time spent on key processes by up to 50 percent.
According to a recent study by Independent Agent Magazine, eight in ten agencies use an agency management system to drive efficiency and value for the business. The same study shows Vertafore's AMS360 is the most widely used agency management system in the U.S., relied upon by 17 percent of independent agencies.
"There's a reason why agency management systems are so integral to the insurance business. Operational challenges such as poor content management or reliance on manual processes take time away from building relationships," said Sharmila Ray, senior vice president of product and strategy at Vertafore. "This is why our overarching strategy at Vertafore is to significantly streamline business operations such as document processing, accounting, and building proposals so you can focus on the heart of your business – your customers."
Automated eDocs Processing
"AMS360 has transformed every process in our business," said Carl Schlotman, president and CEO at CAI Insurance Agency, Inc. "With this update, we expect to reduce document processing time by 50 percent, which will drive overall cost savings and increased profits. It's really amazing to see."
The direct integration with AMS360 online pulls accurate customer and prospect information directly into the correct fields of the proposal, which saves time spent on data entry and reduces liability risk to data entry errors and omissions. Administrative manager users lock content and standard sections of the document to prevent accidental edits and a record of hard copies are saved in ImageRight for audit history. Brand and template libraries standardize content across divisions and lines of business for true customization and creates polished, professional client-ready documents. It ultimately saves producers at least 50 percent of time normally spent generating each proposal.
"Drafting proposals, including data entry and formatting, can take up a significant part of my day," said Tandra Stacer, client service manager at Haas and Wilkerson Insurance. "With the proposals builder in AMS360, my day is freed up to spend more time doing the activities that brought me to insurance in the first place – talking to and helping people."
Vertafore solutions are relied upon by 96 of the top 100 agencies, 80 of the top 100 carriers, and a community of over 500,000 users. To learn more about AMS360, visit https://www.vertafore.com/products/ams360.
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