For independent retailers, in order to apply to different carriers and wholesalers, customers need to fill out different ACORD forms. Manual processing of ACORD forms is a big burden. CaptureFast document and data capture solution automates this manual process, making it faster, more efficient and less error-prone. Upload or take a photo of your forms, select the fields and extract data within seconds.
Document capture allows relevant information within these forms to be directly transferred to relevant business applications that the insurance carriers or wholesalers use, makes the quote process much more efficient. This creates a faster insurance application process for the customer.
We utilised CaptureFast Mobile Capture Application to digitise Personal Pension Application forms. We were able to eliminate time lost during the messengering of documents, speeding up the process by 40% and we were able to complete enrolment process immediately while the agent was serving the customer.
We used CaptureFast cloud platform to extract information from health invoices and insurance policy application documents. Automating these processes allowed us to reduce personnel by 50% and increase data processing speed by 70%.
We utilised CaptureFast mobile capture application in order to create a digital archive of protocols and contracts. We were able to digitally archive 200K documents in one year.