Latest Industry Related Insights
Today’s customers want personalized experiences, no matter which channel they may be on. In order to deliver true personalization, credit unions need to ensure that they understand customer needs across all the touch points and across all channels – physical and digital. By connecting disparate systems across the organization, CUs can immediately begin to create improved services, designed for a digital-first member experience.
Synatic, a leader in data integration and automation, today announced it has become a member of ACORD, the global insurance standards-setting body, as well as a Licensed Integrator Partner of ACORD Solutions Group. ACORD membership will ensure Synatic's powerful data platform is fully compliant with insurance industry data standards.
Error handling is crucial to a successful data integration project; however, it is often an overlooked area because developers can find it intimidating when they try to understand it and cater to it. One challenge is to make sure that discrepancies in the data are identified quickly to remove erroneous data and manage the errors that can arise. Synatic's Hybrid Integration Platform (HIP) focuses on simplifying the notification of errors, making it easy to alert teams about data flow, process, and system failures.
Many Insurance companies have expressed their frustration when it comes to managing and tracking the progress of their complex integration projects. IT teams that perform work to integrate systems without a holistic view of the company’s performance will often have to manage vital maintenance that usually takes place at the end of the implementation.
Insurance is a paper-intensive business and handling paper has long been one of its largest operating expenses. However, digitalization in the industry is creating a shift towards electronic documents. But no innovation comes without its own challenges. For insurance agencies, it is how to integrate various electronic documents from carriers with their AMS (agency management system).
Despite the advancement of PropTech, companies are not capitalizing on the benefits of integrating PropTech solutions with other ‘best-of-breed’ solutions such as accounting systems and CRM platforms. Bringing technologies that power properties and CRE companies together will enable them to perform at a higher level and stay ahead of the rapidly evolving real estate industry.
Optimizing and managing inventory has become the number one priority for today’s brands, and having a constant view of your inventory at all times is imperative. Developing this kind of 360-degree view of all the systems involved in order fulfillment requires smart data integration.
Multiple industries have felt the effects of the Great Resignation, particularly the insurance industry where agents and brokers came to the realization that they could handle claims and other insurance processes while working remotely. Now, in an effort to hold onto their most valuable assets - their people - smart companies are finding ways to accommodate more remote work.
Strategic Growth has always been driven to find faster and more efficient ways of integrating data into Salesforce. Many of their customers seek to implement Salesforce within their business ecosystem. The problem arises when clients request that their intricate solution stack be integrated so that the data in their ERP, or bespoke in-house solutions, surfaces inside Salesforce.
Many insurance leaders have turned to InsurTech to help them stay relevant and competitive. And with tough growth mandates hanging over them, IT leaders have rushed to invest in automated claims processes, mobile bill payments, and other cloud-based application lead processes.
Duplicate data is a big problem for all business departments, but its effects are most felt at a sales level. Here are 5 key areas in which duplicate leads affect sales and marketing teams.