VUE Wrap-Up Management

Posted on : 22-03-2010 | By : doni | In : Insurance Software

VUE Wrap-Up Management is a dynamic, purpose-designed tool to effectively manage the Owner Controlled Insurance Program(OCIP)/Contractor Controlled Insurance Program(CCIP) insurance lifecycle and streamline the policy administration process.

Flexibility to Adapt to Unique Programs
With VUE Wrap-Up Management, users have the ability to simultaneously process multiple projects, carriers and product applications. The easy-to-use system is designed to adapt to future marketplace and industry changes and can be customized to meet the needs of any Wrap-Up program.

Streamline Process

Managing all coverage under one robust platform results in streamlined internal operations, cost benefits and productivity gains. A flexible design supports both umbrella and project specific policies and a variety of payroll structures.

Manage Liability

Supervise accountability at a micro-level with OCIP/CCIP and off-site coverage. View and oversee contractor and project hierarchies by contract, and track enrollment phases with automated notification of customized milestone completion.

Document Management

Effortlessly create, merge and file all documents. Perform system-wide searches simply and drill-down with custom filters and ad-hoc reporting. A diary tracking system creates a comprehensive timeline of all notes and documents ensuring important details are never lost.

Online Accessibility

The optional Contractor Portal module allows users to connect to the system from any location. Contractors can enter data and report changes online 24/7. The browser based interface makes access easy from different systems and devices.

Features:

Workflow

  • Create diary functionality and assign workload tasks
  • Integrate with the imaging system to display data from all entities
  • Comprehensive workflow, tracking and auditing

Tracking and Reporting

  • Build and work within individual filters
  • Export data to Excel and import outside reports
  • Capture a detailed audit trail for every transaction
  • Add or create reports with ease
  • Automatically generate certificates
  • Automatically generate and monitor credits

Document Management

  • Create, store and send documents
  • Send documents via email or fax
  • Track and archive correspondence

Product/Carrier Management

  • Manage multiple carriers
  • Adhere to carrier specific business rules
  • Define parameters for each product

Contractor Management

  • Build master contractor profiles with identifying data
  • Record estimated and actual payroll
  • Eliminate duplicate data entry
  • Track contract enrollment status

Security

  • Restrict user access to necessary components
  • Tracks and archives field level changes and deletions

Add-On Functionalities:

Contractor Portal

  • Manage Contractor Communications
  • Allow contractors to input data and payroll online
  • Flexible enough to capture any payroll period

Underwriting

  • Create business proposals
  • Record claims for a contract
  • Claims/Loss Control Module
  • Upload and record claims for every contract
  • Calculate loss ratio by project

Scanning Module

  • Scan and save document image
  • Link images to product, contractor or both

Value

VUE Wrap-Up Management helps deliver a rapid return on investment for OCIP/CCIP projects through:

  • Productivity gains- streamlined processes allow for less time and energy spent on internal operations
  • Improved contractor relations- communicate easier and more often using automated methods
  • Reduces operations costs-Automate tracking and reporting reducing costly human errors
  • Lessen liability- Proactively monitor situations and solve problems before they start

Technology

VUE Wrap-UP Management utilizes Microsoft platform technologies as the foundation for all system development providing a standard architecture to facilitate enterprise integration and assure cost effective implementation on commodity hardware. VUE Wrap-Up Management requires Microsoft SQL Server. VUE Wrap-Up Management works with all Standards based interfaces (XML, Web Services, ACORD, text).

VUE Software is an active member in Microsoft’s Insurance Value Chain (IVC) program and works closely with Microsoft to ensure leading system integration, scalability, reliability and security.

source: www.vuesoftware.com/Product/WrapUpManagement.aspx

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