Velocity - Features

Feature Overview

• Three-Tier Architecture: Deploys securely to any computer that can run a modern web browser.
• GUI Interface – Simplifies usage.
• Work Flow processing – Makes transaction processing intuitive.
• Guided Production Servicing – Simplifies training and speeds transactions
• Premium Accounting – Adaptable and powerful.
• Fully Integrated Document Generation – Saves time and money.
• Standard Lines Servicing
• Specialty Lines Servicing
• Apply, Rate, Quote & Issue
• ACORD Forms – The industry standard forms filled out at your desk-top.
• Built-In Reporting tools – Delivers the information to run your business in real time.
• Security and Authority controls – Strong password control with authorization by screen and feature permission controls.  Rapid user setup by assigning users work rolls and profiles.
• System Availability – Rock solid 24 hours / 7 days / 365
• Advanced Record Locking – Incremental and full system backups can be performed while the system is fully available to regular users.
• Much, much more

 

Three-Tier Architecture

• Browser Based
• Multi-Layered Security
• Oracle Relational Database
• 3-Tier Open System Architecture

 

Premium Accounting

VRC's Accounting/Financial Management System is acknowledged for its sophistication, flexibility and precision.

• General Ledger
• Insurance Payables
• Operating Payables
• Accounts Receivable
• Premium Financing
• Budgeting
• Multi-Office Corporate Consolidation
• Multi-Lingual Statements & Invoices
• Direct Bill, Binder Bill & Consolidated Billings
• More about Accounting…

 

Powerful Reporting:

VRC's built in reports provide key answers for executives and managers.

• A/R Aging
• Cost Center Analysis
• Demographics
• More about Reporting…

 

Fully Integrated Document Generation

• Production & Packaging
• Fax
• E-Mail
• Electronic Filing & Imaging
• Microsoft Office Integration

 

Apply, Rate, Quote & Issue

• AL3 Carrier Interface
• Document Management
• Automated Diary, Notes & Follow-up
• Guided Production Servicing & Tracking
• Application Marketing -Applications, Submissions, Quote & Production Tracking
• Rating Engine – Provide instant quotes based on defined rating rules.
• Claims Management
• Litigation Tracking
• 3rd Party Administration
• Sophisticated Premium Accounting & Financial Reporting
• Knowledge Management
• Data Mining
• Extensive Reporting & Analysis
• Spreadsheet uploads & Download
• Personal Touch Client Support - 24 Hours 7 days
• Unmatched Adaptability - Virtually any Line of Business

 

Standard Lines Servicing

Velocity is delivered pre-defined to run Standard ACORD Lines of Business. This includes entry and endorsement of the insurance information directly into ACORD form entry screens.

 

Specialty Lines Servicing

Another Hallmark feature of Velocity is found in its flexibility, adaptability and customizable Work Flows. Velocity delivers full administrative and servicing capabilities that enable our clients to offer and support specialty lines of business that often represent important market niches.

 

Guided Production Servicing

"Workflow Management" at its best. This systematic approach to servicing directs service personnel (via client defined, line of business specific tasks) from task inception through completion. Reduced training time, fewer mistakes, consistency of data entry and data extraction/analysis are indicative of some of the benefits derived from Velocity GPS(TM).