Home Insurance Comulate launches income automation platform

Comulate launches income automation platform

Comulate launches income automation platform


Comulate launches income automation platform | Insurance coverage Enterprise America

Platform claims it could lower handbook work by as much as 90%

Comulate launches revenue automation platform

Software program supplier Comulate has introduced the launch of a income automation and intelligence platform for big insurance coverage brokers and businesses.

The platform automates direct-bill processes, reducing handbook work carried out by dealer accounting groups by as much as 90%, the corporate stated. The software program additionally robotically identifies lacking commissions and supplies income intelligence by way of real-time forecasting, variance monitoring and different options.

“Dealer CFOs and COOs constantly inform us they’re shedding a number of share factors of income between labor-intensive accounting processes and lacking commissions, particularly inside worker advantages,” stated Jordan Katz, co-founder and CEO of Comulate.

Comulate stated it labored intently with its preliminary shoppers, utilizing their enter to enhance the platform.

“Agency leaders repeatedly stated they couldn’t precisely forecast or observe variance,” Katz stated. “In the meantime, producers usually stated they lacked visibility to know how and for what they’re being paid, lowering belief and distracting them from promoting and driving top-line progress. On many ranges, these income challenges spider-crack all through an company, requiring manufacturing and repair groups to take part within the income course of. Our unimaginable dealer companions have straight framed our mission to ship world-class income instruments for dealer finance groups.”

Comulate integrates straight into main AMS, CRM and ERP software program, enabling automated reconciliation of disparate service and dealer knowledge and posting of reconciled transactions to an company’s ledger, the corporate stated. The platform additionally improves AMS knowledge high quality by permitting accounting groups to robotically replace coverage knowledge primarily based on info current in a service assertion.

“Comulate can hook up with a number of company administration techniques and create a uniform income automation and intelligence layer by auto-routing income and driving visibility of income in actual time,” Katz stated.

“The worth Comulate has dropped at our agency is past any software program I’ve seen available on the market,” stated Kamini Patel, director of enterprise operations for Cobbs Allen/CAC. “We obtain service statements as PDFs and spreadsheets. Up to now, it may take hours to totally course of a few of them. Now we add all of these on to Comulate, and inside seconds, the software program extracts and auto-reconciles commissions to insurance policies after which posts to Utilized Epic.”

Patel stated that Cobbs Allen/CAC had already diminished handbook direct-bill work by greater than 85% – and this continues to enhance every month. 

“Comulate has truly solved what everybody stated there was no hope of fixing,” she stated. “We went from planning to rent extra devoted folks for this position to considerably lowering the time it was taking our already-stretched-thin workforce. Comulate modified the equation.”

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