Falvey Insurance Group Selects Domo to Create Actionable Data Experiences
February 08 2024 - 4:05PM
Business Wire
The leading cargo insurance underwriter saw 5x
revenue growth after leveraging Domo to unlock real-time data
access
Today Domo (Nasdaq: DOMO) announced that Falvey Insurance Group
(Falvey) has chosen Domo to bring together its numerous, disparate
data sources into a single platform and create actionable data
experiences that help any user in the company make better-informed
business decisions.
As one of the largest cargo insurance providers in the US,
Falvey helps shippers ensure that their cargo is protected from
loss, damage and delays. The company struggled with accessing the
many proprietary, in-house data systems, which required analysts to
evaluate specifications of data sources and custom design queries
every time a department needed answers from the data.
“There’s a ton of data involved in providing quality reporting
in shipping logistics, including but not limited to real-time
vessel locations, cargo volumes and warehouse locations,” said Jack
Falvey, COO at Falvey Insurance Group. “It would sometimes take two
weeks for me to put together a report, and we realized that we were
always at a lag and putting in so much effort into both getting the
data we needed and in making it presentable.”
Domo’s extensive library of connectors enabled Falvey to pull
data from its expansive list of applications and bring it into a
single source of truth that is accessible in real-time. Falvey can
now answer questions about workload metrics for hiring decisions,
analyze immediate cargo risks such as hurricanes, as well as
understand how its prospects are engaging with marketing materials
or pull real-time analytics during customer presentations.
Since integrating on the Domo platform, the company has grown
its revenue by 5x and has experienced significant cost savings on
back-end processes due to time savings with Domo’s ease-of-use, as
well as the ability to manage IT costs through Domo’s credit-based
pricing model.
“As we explore the Domo platform and all of its capabilities,
Domo’s credit-based pricing model makes it easy for us to increase
user and platform adoption, as well as enables us to experiment
with all of the solutions Domo has to offer,” Falvey continued. “We
can use every tool in the Swiss Army knife that is Domo without
needing to have the conversations about purchasing additional
features. The more we use Domo to the fullest extent, the more
return we get on our investment.”
“Falvey is a great example of a customer that appreciates how
Domo offers a powerful platform with the flexibility you need to
explore and leverage the right solutions for your company,” said
Mark Maughan, SVP of customer success at Domo. “Domo can help you
unlock data and insights that you never knew existed, at the speed
and scale your organization needs to deliver business impact.”
To learn more about how innovative organizations like Falvey are
using Domo to put data to work for everyone, visit
www.domo.com/customers.
About Falvey Insurance Group
At Falvey Insurance Group, our value starts with the strength of
our products, but we believe that your premium should provide more
than just great coverage. With Falvey Insurance Group, you receive
a breadth of additional value-added services at no additional cost.
We have spent decades developing a reputation in the industry for
commitment to going the extra mile for our clients and broker
partners, providing solutions that put your needs first and exceed
expectations. If you have a broker agreement with Falvey, you have
access to all Group products and a universal claim handling and
loss control experience. Plus, you can expect World-Class service
from any one of our underwriting teams.
To learn more about Falvey, visit falveyinsurancegroup.com.
About Domo
Domo puts data to work for everyone so they can multiply their
impact on the business. Our cloud-native data experience platform
goes beyond traditional business intelligence and analytics, making
data visible and actionable with user-friendly dashboards and apps.
Underpinned by AI, data science and a secure data foundation that
connects with existing cloud and legacy systems, Domo helps
companies optimize critical business processes at scale and in
record time to spark the bold curiosity that powers exponential
business results.
For more information, visit www.domo.com. You can also follow
Domo on LinkedIn, X and Facebook.
Domo is a registered trademark of Domo, Inc.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240208483488/en/
Cynthia Cowen PR@domo.com
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