Rather than relying exclusively on internal colleagues to evaluate alternatives, finance leaders at insurance companies are seeking outside expertise from third-party services firms. Besides determining whether to augment or replace software, finance leaders are working closely with services firms to give finance and back-office departments access to software and data through the cloud. Like their counterparts in other departments such as human resources, finance leaders have come to recognize that compared to on-premise systems, cloud-based software offers greater portability, ease of access, and security.
For insurers in particular, cloud-based software is especially valuable in enabling finance teams to manage payments of claims and refunds to customers as easily as customers can view claims on their phones. An insurance company that can expedite payments and refunds electronically has a significant advantage over competitors that continue to require customers to incur the risks of awaiting checks in the mail.
During this webinar, we will provide a roadmap for finance leaders at insurers that are looking to migrate back-office systems to the cloud. We will discuss: