Stop by the OnBase Insurance Solutions/Hyland Software booth (#433) at the opening exhibit hall reception, June 5, 5:30-7:30 p.m. at the 2005 IASA Annual Conference & Business Show to get a baseball autographed by Jay Johnstone, former outfielder and member of the 1980 World Champion Los Angeles Dodgers!

Todays insurance industry is a highly regulated, extremely competitive market. Couple that with the enormous amount of sensitive, private data that insurance companies handle each day, and you have a very unique situation. Utilizing Enterprise Content Management (ECM) to increase workflow efficiency and manage compliance efforts will help your company provide a high level of customer service and ultimately deliver the key to success.

ECM integrates the features and principles of document management, business process management and records management, enabling insurance companies to import, route, manage and archive the content that drives all their processes. Migrating documents, tasks and rudimentary operations away from the user and into an ECM system allows insurance companies to extract the maximum value from the information around them and better utilize human capital for higher impact, strategic tasks.

Hyland Software has extensive experience in all facets of the insurance industry, thus making the transition from siloed systems to an ECM solution a smooth process for any size company. By digitizing, standardizing and automating your processes, OnBase Insurance Solutions by Hyland Software enable your organization to run more efficiently and cost-effectively by streamlining processes in business units such as:

  • New Business Applications

  • Underwriting

  • Claims Processing

  • Financial Management

  • Customer Service

  • Forms Management

  • Agency Management

  • Human Resources

  • Risk Management

Additionally, the costs relating to Sarbanes-Oxley (SOX) compliance can be significant. In fact, according to a report by the Financial Executives Institute in Florham, NJ that was recently cited in National Underwriter, it is projected that the average cost for a company to comply with current Sarbanes-Oxley requirements is $4.3 million.

When looking for SOX cost reduction possibilities, one area to focus on is the auditing process and the time-consuming review of supporting documentation. ECM technology provides document imaging and workflow solutions that enable the auditing process to move quicker and with more agility. In todays corporate environment, where companies are dealing with all sorts of compliance requirements, it is ECM solutions that can ease the pain of compliance.

More information on how ECM can aid the compliance process can be found in the Doculabs whitepaper, Sarbanes-Oxley: Challenges and Opportunities in the New Regulatory Environment, available at the OnBase Insurance Solutions/Hyland Software booth (#433) or one the web at www.onbase.com/insurance

Stop by the OnBase Insurance Solutions/Hyland Software booth (#433) during the opening reception at the 2005 IASA Annual Conference & Business Show in Anaheim, CA, from 5:30-7:30 p.m. PST on June 5 for more information on ECM, SOX Compliance Solutions, and receive an OnBase baseball signed by Jay Johnstone, former outfielder for the Dodgers, Cubs and Yankees, and member of the 1980 World Champion Los Angeles Dodgers.

Dont miss this opportunity for education, information and some great baseball fun!

For more information, stop by booth #433, visit us on the web at www.onbase.com/insurance or e-mail us at insurance@onbase.com.

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