NAVEX
Case Studies
Claims Recovery Service Embraces Integrated Risk Management & New Risk Culture
Overview
Claims Recovery Service Embraces Integrated Risk Management & New Risk CultureNAVEX |
Application Infrastructure & Middleware - Data Exchange & Integration | |
Finance & Insurance | |
Business Operation | |
Regulatory Compliance Monitoring | |
System Integration | |
Operational Impact
The company's policy, compliance, change, and audit management processes became more predictable and efficient, relieving employees so they could spend their time on strategy and revenue-generating initiatives. | |
The audit coordination process that used to take multiple staff members more than a week to complete is now accomplished by one person in one or two days. | |
The company’s sales team leverages its zero-finding audits as a competitive advantage during the prospecting and sales process. | |
Quantitative Benefit
50% reduction in time and costs for each process | |
Audit preparation time dropped from over three days per audit to less than half a day | |