New software product delivers enhanced business performance insights to insurance agencies
University Park, Ill. (Oct. 7, 2013) – Applied Systems has announced the upcoming release of Applied PerformanceManagement at TENCon 2013. This new Applied Systems analytics software application transforms data in Applied Epic and Applied TAM into business performance insights that enable executives to more profitably manage their business.
Applied PerformanceManagement provides agencies and brokerages graphical representations of current business performance to make faster, more informed business decisions based on the rich data contained within their Applied agency management system. It extends the capabilities of Applied Epic and Applied TAM by aggregating multiple sources of agency and brokerage management system data in multidimensional ways for comprehensive business performance reports.
“The solution uses our own data to quickly create a visual analysis of our business,” said Joe Pratts, chief operating officer, Hoffman Brown Company. “It extends the capabilities of our agency management system by delivering a multitude of advanced reports that enable us to make more informed decisions and capitalize on new opportunities for our agency.”
Applied PerformanceManagement reports performance data through an intuitive, easy-to-view scorecard interface aligned to key performance indicators (KPIs) used in insurance agencies and brokerages, including client management and retention, productivity and profitability management and opportunity and growth management. With this greater visibility into KPIs, executives can more quickly align resources, activities and employees to achieve strategic objectives and priorities.
“Applied PerformanceManagement delivers enhanced data analytics capabilities to insurance agencies and brokerages to capitalize on the vast amount of rich data their agency and brokerage management systems produce,” said Reid French, CEO, Applied Systems. “Through data analytics, Applied Systems is enabling insurance agencies and brokerages to better understand their business and make more insight-driven and customer-focused decisions.”
Applied PerformanceManagement will be commercially available in early 2014 following the completion of a controlled release period with existing Applied Systems’ customers.
About Applied Systems
Applied Systems is a leading provider of software that powers the business of insurance. The company is recognized as a pioneer in agency management systems and data exchange between agencies, brokers, carriers and their clients. By automating the insurance lifecycle, Applied Systems software enables millions of people around the world to safeguard and protect what matters most. To learn more, please visit www.appliedsystems.com.
SOURCE: Applied Systems