With much of the economy going digital, data-informed agency management is more vital than ever. Real-time data from a corporate performance management (CPM) solution provides insurance companies with important insights on financials, budgets, rate trends and customer performance. Solver’s cloud solution makes insurance CPM simple by analyzing all of your important information on one platform with easy-to-use tools.
Solver alleviates common performance management problems that insurance companies face by:
Thanks to our budgeting software for insurance companies, you can manage key data through a single platform. Solver pulls from the data sources you specify, including spreadsheets and other programs. It then houses all of this information in the Solver Data Warehouse so you can create budgets with more insight and analyze your performance across different metrics.
When you manage more than one agent or office, you can work with performance data at any scale. Compare results from different agencies or agents in the same office and produce consolidated reports. Solver lets you find average performance at different scales to help you create benchmarks.
Your marketing and financial teams can work together on the same platform using Solver. They can look at marketing as a cost/profit center and develop strategies in each department with similar goals.
You can use Solver budgeting software for insurance companies to keep up with market behavior and predict risk. It allows you to create as many what-if models as you need to see how certain products and rates could benefit your business. With real-time data collection, Solver provides current metrics to put you one step ahead of your competition.
Solver’s Reporting and Planning software for insurance companies includes these four modules to help you make data-informed business decisions:
Create organization-wide budgets and forecasts for operating expenses, rate changes, revenue, cash flow and capital purchases.
Design powerful reports with Solver’s modern, cloud-connected Excel add-in, while your executives and departments can generate reports and perform consolidations in Solver’s browser-based portal, making reporting processes easier and provides self-service to end users.
View benchmarking and insurance metrics at a glance with Solver’s direct integration to Microsfot Power BI for customizable dashboards that include charts and alerts for all of your critical data.
Combine financials, human resources, claims data and more information in a single database that can be managed by business users.
To learn how you can use Solver’s budgeting software for insurance companies to manage your agency’s performance, contact our representatives online. You can request a demo, make a sales inquiry or ask any questions you have about our insurance company reporting software. Check out examples of our CPM software in action or learn more from our Solver Template series.
