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At Macrosoft, we understand the importance of staying ahead of the curve in today’s fast-paced business world. One way to do this is by embracing the power of robotic process automation (RPA) to increase productivity, profitability, and scalability for our customers.
But you may be wondering, “Is RPA really necessary for my organization?” The answer is a resounding yes. RPA is being implemented across companies in all industries, from small businesses to large corporations. It allows for routine, transactional activities to be handled by bots or computers, freeing up human employees to focus on higher value-added tasks that require judgment and reasoning.
In the insurance industry specifically, there is a vast amount of data and transactions that occur on a daily basis. However, we want to highlight the top three key use cases that insurance companies can benefit the most from by implementing RPA:
Underwriting:
This process involves collecting data from multiple sources and applying a series of rules associated with risk and historical performance. RPA can automate this process, allowing human employees to focus on final evaluations and approvals.
Policy Administration:
Routine tasks such as accounting, taxes, and compliance can be automated to take the burden off human employees and allow them to focus on more valuable tasks.
Claims Processing:
RPA can assist with OCR (optical character recognition) to scan and process data, verify coverage, and ensure claims verification. This process can then be escalated to a human for final approval.
At Macrosoft, we are dedicated to helping our customers stay ahead of the game by leveraging the power of RPA. Whether you’re in the insurance industry or any other industry, we can work with you to determine the best course of action for your organization. Don’t wait any longer to start reaping the benefits of RPA – contact us today to learn more.
ByJohn Kullmann | Published on January 20th, 2023 | Last updated on August 21st, 2023 | Robotic Process Automation
About the Author
John Kullmann
John is the Director for Special Projects at Macrosoft. In that capacity, he works with new and existing clients to clearly understand their requirements and translate them for the software development teams. John has extensive experience in Six Sigma, Lean Engineering and managing international operations. His background has allowed him to be responsible for ensuring ongoing client satisfaction. John consistently provides excellent customer service, ensuring the highest quality.
John is a frequent speaker at industry events and is the Chairman of the Morris County Chamber of Commerce Tech Talk Forum.
Though John always takes his work very seriously, he does not take himself so serious. Outside of work, John sits on the Board of Directors for Family Nature Summits. Additionally, he plays tennis and enjoys every outdoor activity.
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