Century

Insurance

Even the simplest of insurance policy bills are comprised of numerous documents due to the attachments.

 

The archiving and processing of documents of various sizes and numbers such as policy application form, photocopy of citizenship ID, residence papers, health reports, etc. requires a lot of time. Faxing these documents from the branch offices to the HQ also takes a lot of time and is very costly. In case there are any errors or missing documents, the documents need to be faxed back to the branch office and then the first step is repeated. The time spent this way downgrades efficiency. The archiving and management of the received documents at the HQ requires heavy labor and the larger the number of documents used within processes, the greater the chance of making mistakes while archiving managing documents is.        

Your employees spend most of their time for trying to find and sort out documents, take notes on them, photocopy them, fax them and archive them. The information on the incoming policy forms are transferred into the system by using manual labor. This results in a great probability of mistakes and high data entry costs.         

However, the automatic processing of this kind of application forms through the ICR, OCR, OMR and barcode engines of the PW FormMagic application helps increase your company efficiency and reduces the probability of mistakes. When you start employing the PaperWork system in your offices, you'll be able to get a positive feedback almost instantly. The efficiency of your employees will increase in a no-paper environment and they will be able to allocate more of their time to the insurance business rather than wasting time on papers.