Case Studies R&R Insurance Services Tracks Departmental Financial Results in Real Time with Entrinsik Informer

Edit This Case Study Record

	R&R Insurance Services Tracks Departmental Financial Results in Real Time with Entrinsik Informer

R&R Insurance Services Tracks Departmental Financial Results in Real Time with Entrinsik Informer

Technology Category	Analytics & Modeling - Real Time Analytics Functional Applications - Enterprise Resource Planning Systems (ERP)
Applicable Industries	Finance & Insurance
Applicable Functions	Business Operation
Use Cases	Predictive Replenishment Regulatory Compliance Monitoring Remote Asset Management
Services	Software Design & Engineering Services System Integration
Challenge	Since 1976, R&R Insurance Services, Inc. has grown to be one of the largest independently owned insurance agencies in the Midwest. They represent top rated national and regional insurance carriers and are using Vertafore’s AMS360® agency management system.\n\nR&R had three main reasons for seeking out an application like Entrinsik Informer. First, they were struggling to extract data and/or capture specific data within their AMS360 database that was relevant in helping them make informed decisions on a timely basis. Second, they were looking for a tool that would allow them to create custom reports and save those parameters without having to always recreate the report from scratch. Finally, they needed a system with a delivery mechanism. “We needed a way to schedule reports and get the information into the hands of the users quickly and efficiently,” said Michael Franz, CFO at R&R Insurance Services. Read More
About Customer	R&R Insurance Services, Inc. is one of the largest independently owned insurance agencies in the Midwest, having been established in 1976. They represent top-rated national and regional insurance carriers and utilize Vertafore’s AMS360® agency management system. The company is divided into various departments, each responsible for its own budget. R&R Insurance Services sought a solution to better manage and understand departmental spending, streamline report creation, and distribute these reports efficiently. Their goal was to make informed decisions based on timely and relevant data extracted from their AMS360 database. Read More
Solution	Like most businesses, R&R is broken down into departments that are each responsible for their own budget. “Informer has enabled us to better understand specific departmental spending in relation to the charges that have been expensed to that department,” says Franz. “We have created a report that shows their spending on a monthly basis by line item.”\n\nWith Informer, R&R is scheduling the majority of reports including Accounts Receivable, Monthly and YTD production numbers, Expiration Lists and General Ledger detail by department. These reports automatically get emailed directly to individuals with real-time data relevant to them. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Real Time Analytics

Functional Applications - Enterprise Resource Planning Systems (ERP)

Applicable Industries

Finance & Insurance

Applicable Functions

Business Operation

Use Cases

Predictive Replenishment

Regulatory Compliance Monitoring

Remote Asset Management

Services

Software Design & Engineering Services

System Integration

Challenge

Since 1976, R&R Insurance Services, Inc. has grown to be one of the largest independently owned insurance agencies in the Midwest. They represent top rated national and regional insurance carriers and are using Vertafore’s AMS360® agency management system.\n\nR&R had three main reasons for seeking out an application like Entrinsik Informer. First, they were struggling to extract data and/or capture specific data within their AMS360 database that was relevant in helping them make informed decisions on a timely basis. Second, they were looking for a tool that would allow them to create custom reports and save those parameters without having to always recreate the report from scratch. Finally, they needed a system with a delivery mechanism. “We needed a way to schedule reports and get the information into the hands of the users quickly and efficiently,” said Michael Franz, CFO at R&R Insurance Services.

About Customer

R&R Insurance Services, Inc. is one of the largest independently owned insurance agencies in the Midwest, having been established in 1976. They represent top-rated national and regional insurance carriers and utilize Vertafore’s AMS360® agency management system. The company is divided into various departments, each responsible for its own budget. R&R Insurance Services sought a solution to better manage and understand departmental spending, streamline report creation, and distribute these reports efficiently. Their goal was to make informed decisions based on timely and relevant data extracted from their AMS360 database.

Solution

Like most businesses, R&R is broken down into departments that are each responsible for their own budget. “Informer has enabled us to better understand specific departmental spending in relation to the charges that have been expensed to that department,” says Franz. “We have created a report that shows their spending on a monthly basis by line item.”\n\nWith Informer, R&R is scheduling the majority of reports including Accounts Receivable, Monthly and YTD production numbers, Expiration Lists and General Ledger detail by department. These reports automatically get emailed directly to individuals with real-time data relevant to them.

Impact #1	Less Time Creating Reports, More Time Growing Revenue
Impact #2	In R&R’s AMS360 database, a customer is either a business or an individual. Using Informer’s calculated column feature, they easily created a new “calculated” field in several reports that looks at the department. If the department is Commercial Lines, Informer pulls back the Business name. If the department is Personal Lines, then Informer provides the Individual’s name.
Impact #3	They also have created a standard AR Aging report that they have scheduled to email to producers every 15 days.

Impact #1

Less Time Creating Reports, More Time Growing Revenue

Impact #2

In R&R’s AMS360 database, a customer is either a business or an individual. Using Informer’s calculated column feature, they easily created a new “calculated” field in several reports that looks at the department. If the department is Commercial Lines, Informer pulls back the Business name. If the department is Personal Lines, then Informer provides the Individual’s name.

Impact #3

They also have created a standard AR Aging report that they have scheduled to email to producers every 15 days.

Download PDF Version

Overview

R&R Insurance Services Tracks Departmental Financial Results in Real Time with Entrinsik Informer

Operational Impact