VRC Insurance Systems - Work Flow

Experience unprecedented productivity gains from Velocity’s combination of sensible business work flow, third party integration and document management.  Interactive screens are set up to enhance user interaction with relevant look up data usually just a single click away.  Work flow is designed to correspond with your natural business process. Transactions naturally move from setting up a new account to taking an application to generating quotations, creating binders and generating invoices.

The process is designed to minimize re-entry of data where ever possible.  The process to enter data and perform rate quotes on-line is seamlessly integrated with prospect tracking and analysis, customer service functions, full claims administration, comprehensive premium accounting, and enterprise financial reporting. Velocity delivers full administrative and servicing capabilities that enable clients to virtually service any line of business.

Velocity is ACORD standards compliant and allows entry and endorsement of the insurance information directly into ACORD form entry screens. The client-define workflow management feature directs service teams from task inception through completion. Velocity’s data architecture allows for maximum availability of data and ease of data extraction, which delivers user-defined executive dashboards, custom extract, and an extensive array of standard reports. These knowledge management capabilities support the need for timely, accurate financial and production reporting and enhanced risk management. The system is highly configurable, rapidly deployed and easily adaptable to address the ever-evolving dynamics of the insurance marketplace.

The power of these capabilities is further enhanced by employing Velocity’s Guided Production System.  This client-defined workflow management feature directs service teams from task inception through completion. This reduces errors, decreases training time and improves data entry turnaround.