Insurance companies are accustomed to manual tasks like data-entry, lengthy information retrievals, and expensive document storage as they are largely dependent on paper. In order to stay ahead of the competition, insurance companies need to invest in technology to digitize their organization to free up workforce hours and become more efficient. See how Homesteaders Life Company was able to clean up their act by ditching the paper.
Homesteaders are the nation’s leading pre-need insurance funding provider, offering funeral planning solutions to more than 3,000 funeral homes in 44 states. With millions of insurance policies stored on paper, the storage room was busting at the seams and information was increasingly difficult to locate; it was time for a change.
Homesteaders worked with Imagetek, a Digitech Systems reseller, to implement PaperVision® Capture and PaperVision® Enterprise to digitize and store their customer’s insurance policies. In addition, they implemented PaperVision® Enterprise WorkFlow and were able to shorten document processing times even more!
Continue reading to learn the additional benefits Homesteaders gained from the ECM system.