Ventiv Technology

Customer Experience Support Hours Follow-the-sun support during business days Support Offered • Email • Dedicated Account Representative • Online help User Conference No Client Advisory Council No Product Release Schedule SaaS - Ongoing basis Implementation Time 4-12 Weeks Product License Based on the number of claims and complexity Average Annual Fee $150,000 Customers Users Deployment SaaS Hosting 3rd Party hosted Security Certifications SSAE 18 SOC2 Type II 3rd Party Assessment January 2022 Data Encryption | Yes Browsers Google Chrome Company Overview Five Sigma is a cloud-native, data-driven Claims Management Solution (CMS) with embedded AI/ML capabilities to allow intelligent claims processing for the insurance industry. Five Sigma optimizes claims management by adding automated claims processing workflows, using data modeling and AI to provide smart recommendations, improving adjuster's decision-making, and reducing errors. Leading Insurance carriers, InsureTech, TPAs and Self-Insured companies use Five Sigma's CMS to modernize their Claims Management operations, reduce claims leakage, enhance compliance and improve their customers' experience. Product Information Five Sigma is a cloud-native, data-driven Claims Management Solution (CMS) with embedded AI/ML capabilities that lets you simplify claims processing. Deployed within days, our solutions automate the claims process and offer recommendations and next steps - allowing adjusters to focus on making the right decisions and providing excellent customer service. Service Methodology Five Sigma provides just-in-time service. The service is provided upon request when needed. Implementation Methodology We have a soft-launch implementation methodology. We usually track the project in two tiers: 1. technology integrations and implementation. 2. Business rules configurations and customizations. We install in pieces of the organizations and then expand to it all. We have conversion projects after launch with live and historical data from previous systems. Technology Overview Five Sigma is a cloud-native, data-driven Claims Management Solution (CMS) with embedded AI/ML capabilities to allow intelligent claims processing for the insurance industry. Five Sigma optimizes claims management by adding automated claims processing workflows, using data modeling and AI to provide smart recommendations, improving adjuster's decision-making, and reducing errors. Leading Insurance carriers, InsureTech, TPAs and Self-Insured companies use Five Sigma's CMS to modernize their Claims Management operations, reduce claims leakage, enhance compliance and improve their customers' experience. Coming in 2022 • Expanding our recommendation functionality • Expand configurability functionality to allow more flexibility to our customers and users • Improving our API to allow an easier integration with 3rd party systems Company Info Ownership Private Equit y Backed Founded | 2017 Headquarters & Locations • Tel Aviv, Israel • New Jersey Leadership • Oded Barak - CEO • Michael Krikheli - CTO • Dror Sholomon - VP RnD • Ofer Milavski - COO Contac t Dana Poleg +972-50-308-4003 dana@fivesigmalabs.com Employees | 30 Annual Revenues Top Industries • Insurance • Lodging • Retail Produc t Of ferings • Benchmarking • Claims Administration • Claims Mgmt • Data Analytics/ Predictive Modeling • Exposure/Asset Mgmt • GRC • Litigation Mgmt • Location/Property Mgmt • OSHA Compliance • Policy/Program Mgmt • Underwriting fivesigmalabs.com Five Sigma Five Sigma 39 ©2022 Redhand Advisors. All rights reserved.

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