Syncing transactions saves industry millions by eliminating manual reconciliation and data entry while reducing risk of non-compliance
Nov 01, 2010
Okemos, MI — November 1, 2010 — Sircon® (www.sircon.com), a wholly owned subsidiary of Vertafore®, (www.vertafore.com), today announced that it has successfully synced two million producer data records with its One-Click Compliance™ feature.
“With producer data changing so frequently, it is near impossible to keep up and remain compliant without the type of proactive solution offered by Sircon,” said Sarah Bellis, vice president agent on-boarding at UnitedHealthcare Medicare Solutions. “Sircon’s advanced syncing capabilities enable us to eliminate the need to manually reconcile and re-enter data while ensuring that we remain compliant.”
For most agencies and carriers, licensing and appointing information for 80 percent or more of their producers will change within the course of a year. However, most carriers will not be automatically notified of these changes, which can lead to tedious manual updates or the risk of non-compliance. Sircon’s advanced producer syncing technology compares 39 separate fields of information and more than 5,000 lines of authority to automatically adjust for data inconsistencies and ensure that both agencies and carriers remain compliant.
“More and more carriers and agencies are utilizing our advanced sync technology to ensure they keep producer information current with the national producer database (PDB) and state databases for continuing education information,” said Tim Owen, vice president of product management at Sircon. “Regular syncing with trusted data sources like the PDB and state databases can help carriers and agencies avoid unnecessary fees for renewing producers as well as minimize their risk of becoming non-compliant.”
Sircon’s One-Click Compliance advanced syncing technology is available as part of its Producer Manager solution, included in both the Sircon for Carriers and Sircon for Agencies product suites.
About Vertafore
Vertafore delivers software and services that transform the business of insurance. Unique to the industry, more than 20,000 customers rely on Vertafore to provide integrated technology that connects the entire industry with the most complete source of solutions—agency management, rating and connectivity, content management and workflow, information solutions and producer lifecycle management—so their businesses run better and are more profitable. For more information about Vertafore, please visit www.vertafore.com.
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Media Contacts:
Kellen Davison
Vertafore
kdavison@vertafore.com
(425) 354-6819