TAMPA,
Fla., May 2, 2024 /PRNewswire/ -- VIP Software,
the leading loss cost and vendor management platform for insurers
and service providers, announced today its expanded partnership
with Wardlaw Claims Services, a top service provider in the
industry.
Revolutionizing vendor management within the insurance sector,
VIP Software has introduced top-tier workflow solutions and
established standards for loss cost reporting and benchmarking for
the property and casualty (P&C) industry. James Makris, Founder and CEO of VIP Software,
stated, "VIP Software has earned a notable reputation for
productizing industry-leading SaaS applications that solve complex
business challenges within an operation."
Makris added, "The commitment to our mission has resulted in a
mature ecosystem of Insurers and Service Providers collaborating
within our platform to streamline the accuracy of the invoicing
process. Our industry is evolving like never before and with change
comes opportunity for our valued customers." He further noted, "We
believe strongly in developing solutions that optimize business
relationships, by helping forge meaningful partnerships between
carriers and service providers."
The Service Provider landscape has become increasingly
competitive, prompting leading providers like Wardlaw to seize
opportunities for growth and expansion. Initially adopting the
Invision platform in 2019 to automate core back-office functions,
Wardlaw fully standardized on the platform by January 2024.
Nathan Rendo, VP of Claims
Operations at Wardlaw Claims Services, remarked, "The widespread
adoption of VIP Software by Carrier partners encouraged us to
strengthen our partnership with VIP Software and further our
adoption and capabilities of the platform." He explained, "We are
now in the next phase of our evolution with VIP Software as we plan
to leverage our instance of Invision as a front-end business
development solution."
Rendo further detailed, "The processing power of the Invision
workflow in our back-office results in meaningful, structured key
performance metrics (KPIs) which is framing the standardization of
reporting for service providers across our industry." He also
shared, "Our existing clients will benefit from the
Wardlaw-Customer Success Summary, an intuitive reporting structure
that is populated with production data from our Invision instance
with meaningful KPIs about the partnership. In turn, these assets
will be delivered to our valued customers on a predetermined
cadence by our business development team."
Moreover, Rendo stated, "Separately, we are leveraging VIP
Software to monitor and report on our capabilities, capacity, and
success from a service level (SLA) perspective. The automation and
performance metrics captured by Invision will be a powerful
business development tool for performing service providers like
Wardlaw Claims Services." He affirmed, "We know with confidence
that we can level the playing field for the services industry."
Makris highlighted the strategic value of the toolkit developed
by VIP Software, "We have developed a toolkit designed to help our
partners tell a story about their business through KPIs that are
compelling to carrier partners." Nathan added, "We see this as a
significant win for Service providers as a mechanism to further
enhance our ability to demonstrate business value."
As VIP Software continues to lead in redefining vendor
management, the company remains committed to providing the
necessary tools and insights that enable service providers to excel
in an evolving insurance marketplace.
James Makris, President & CEO
of VIP Software, concluded, "We are humbled by the partnership we
have forged with Wardlaw Claims Services."
About VIP Software
VIP Software is the leading loss cost platform for insurers,
offering billing automation and access to industry data for vendor
pricing and performance. For more information, visit
https://www.vipsoftware.com/.
About Wardlaw Claims Service
Wardlaw Claims Service is a premier independent adjusting and risk
solutions firm. For more information,
visit https://wardlawclaims.com/.
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SOURCE VIP Software