New Business Workflow
Increase operational efficiency with automation.
MindCraft’s New Business Workflow solution covers all aspects of new business and traverses multiple stages, like initiation, scanning, client creation, receipting, underwriting, issuance, etc. By enabling automated underwriting, through rules, it allows majority of the proposals to be processed without manual intervention. It provides complete visibility into the status and turn-around times of New Business Applications.
Key Benefits
- Enhanced Risk Management - Robust tools for better risk assessment and mitigation.
- Faster Issuance - Reduces processing time.
- Improved Application Status Visibility - Real-time tracking of application status.
- Increased Productivity - Streamlines processes.
- Scalable for Large Volumes - Efficiently manages high volumes of applications.
- Comprehensive Data Access - Faster processing with access to both current and historical data.
- Data Integrity - Consistent and accurate data across all key systems.
Key Features
- Effective Case Management
- Interactive Underwriting Worksheet
- Customized & Responsive User Interface
- Realtime Case Tracking
- Strong Audit Framework
- System Integration through API/Webservice
- Controlled Decision Management
- Communication Engine
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