First of its kind solution leverages Allegient’s experience and market leadership in bill review and ASP-delivered services
Wilton, CT, April 10, 2007 – Allegient Systems, a leading software and service provider which continues to set the standard in insurance related bill review, today announced that the company has launched its Independent Adjusters ASP Bill Review (IA ASP) program, the industry’s only web-based end-to-end bill review solution designed specifically for independent adjusters. Available for immediate use, IA ASP expands the capabilities of Allegient’s IA Bill Review solution (available since 2001) by enabling independent adjusters to submit electronic invoices to insurers; providing consistency of submissions, reduction in errors, and quicker turnaround of payments.
Allegient’s new web-based solution leverages the company’s experience and market leadership in legal and IA bill review and ASP-delivered services. Allegient has proven market success with IA Bill Review currently in use by 15 insurance carriers throughout Canada and the U.S.. With over 3,000 adjuster locations submitting invoices to the service, representing over 1,000 independent adjuster companies, the system has been used to process hundreds of millions of dollars in independent adjuster invoices.
Steve Kovach, Vice President of Property Claims with Allianz Global Corporate & Specialty North America commented, “We have been using Allegient’s IA Bill Review since 2001 and have been extremely pleased with the service. The return on our investment has been tremendous. Allegient demonstrates a keen sense of understanding of the independent adjuster business and this is reflected in the quality of Allegient’s service and support.”
Kovach added, “We view this new offering with the addition of web capabilities and access to business analytics as a way of gleaning even greater value from Allegient’s already comprehensive service.”
By leveraging the time-tested and market-proven technology and workflow of Allegient’s bill review products, IA ASP enables independent adjusters to easily and quickly prepare and submit electronic invoices. The system utilizes a task code system developed jointly by Allegient and its clients which employs the principles of the Project Management Institute. By designing the solution as a rules-based system, each client’s guidelines are incorporated to ensure the bill review process is both easy-to-use and consistent. With the addition of data mining and business analytics, IA ASP offers even greater value by arming insurers and independent adjusters with better knowledge for improved decision making and planning.
According to Allegient CEO, John F. Kelly, “Our insurance company clients have increasingly adopted a ‘vendor management’ approach for all of their claims service providers. With electronic bill submission and review now being the standard for legal bills, offering similar capabilities to independent adjusters was the next logical step.”
Kelly continued, “Allegient offers a comprehensive, automated approach to vendor management with controls for compliance as well as streamlined workflow. Our current customers using the IA Bill Review product have seen substantial benefits in the areas of cost control and improved vendor selection.”
About Allegient Systems
For more than 15 years Allegient Systems has been both pioneer and leader in providing legal expense and performance management systems and services that maximize the potential and the profitability of professional legal service relationships between law firms and corporate law departments or claims organizations.
Today, Allegient’s web based offerings include bill review capabilities for legal expenses as well as those of independent adjusters. Allegient delivers collaboration, efficiency and productivity to the bill review processes by using electronic invoicing, online bill review, budgeting, workflow management and a sophisticated rules engine. Allegient’s Business Intelligence capabilities – using Hyperion-based query and analytics tools – allow users to access, analyze and share data for the purpose of improving legal and independent adjuster expense, performance and outcome.
Allegient is headquartered in Wilton, CT and has sales and support facilities in Chicago, IL and Toronto, ON.