RISK MANAGEMENT SOFTWARE DEPLOYMENT: YOUR GUIDEBOOK TO SUCCESS 16
One of the best assets an RMIS provider can bring is a seasoned data
team that knows what to look for and can help the client design the
data conversion process to meet the agreed-upon goals.
For a client who already has an RMIS but is changing vendors, the team
can help ensure that the new reports balance as the prior ones have done.
Once the client makes the transition, they are usually thrilled to have a
reliable dataset on which to base critical business decisions. They have all
their data aggregated in one place, from all their different vendors as well
as any internal systems, and can report on all that data across coverages,
currencies, policies, etc. The process is automated, with controls and
alerts built in.
We work with clients to determine the sources, volumes and formats
of their data. We consult closely and then create custom balancing
functions, both for the initial and the ongoing loads. Different clients
can have very different historical data scenarios, from processing
claims themselves using an in-house system to having multiple
vendors that handle different claims sets. Or, a client may have one
vendor doing the entire dataset, but they might have switched vendors
from time to time. Or it could be a combination of those, as well.
These clients benefit universally from a high-quality mapping process.
It is a huge benefit to them to have all of their data aggregated into one
spot, in a consistent format, and auto-checked for accuracy. The active
import of the data is itself an audit of the data. The mapping process
shows if there are any anomalies.
IMPORTANCE OF A SEASONED TEAM ESTABLISHING SOUND PROTOCOLS
