Automate Vendor Management Processes with VIP Software’s New Guidewire Marketplace Integration
07 Maio 2024 - 9:55AM
Business Wire
Guidewire (NYSE: GWRE) and VIP Software™ announced that VIP
Software’s new Ready for Guidewire validated accelerator is now
available to ClaimCenter users in the Guidewire Marketplace.
VIP Software is a leading billing and vendor management platform
that helps insurers proactively manage loss costs and reduce claims
leakage through automation and analytics. Its BAP™ solution enables
insurers to automate the creation and approval of vendor invoices,
auditing all invoices against fee schedules. It also automatically
allocates all loss adjustment expenses to the proper claim
files.
With the VIP Software BAP Accelerator for ClaimCenter, insurers
can:
- Reduce manual processes with automatic data transfer between
ClaimCenter and VIP Software;
- Automatically create vendor invoices leveraging contracted fee
schedules to facilitate accurate, quick payment and prevent late
loss cost development; and
- Improve straight-through-processing, leading to reduced
operational costs.
VIP Software can also serve as a conduit, connecting multiple
systems and further streamlining vendor management processes for
insurers.
“Our technology standardizes billing and vendor management for
insurers, enabling them to streamline validation, audit,
reconciliation, and allocation processes for their vendor billing,”
said Artie Makris, Vice President, Marketing, VIP Software. “The
VIP Software accelerator empowers our shared customers to manage
vendors and loss costs across all lines of business, all without
leaving ClaimCenter.”
“Congratulations to VIP Software on the release of its new
ClaimCenter integration,” said Will Murphy, Vice President, Global
Technology Alliances, Guidewire. “VIP Software provides a proactive
solution that helps strengthen insurer-vendor relationships by
providing transparency and consistency through technology, without
the need for manual intervention. We look forward to seeing our
shared customers reap the benefits of our partnership with VIP
Software.”
About VIP Software
VIP Software is the leading loss cost platform for insurers,
offering billing automation and access to industry data for vendor
pricing and performance. With a mission to streamline vendor
management processes, VIP Software empowers insurers to make
informed decisions and drive operational excellence.
About Guidewire PartnerConnect ecosystem and Ready for
Guidewire
Guidewire’s solution ecosystem is the largest in the P&C
industry, with over 205 solution partners providing over 250
integrations in the Guidewire Marketplace. Guidewire PartnerConnect
Solution partners provide software, technology, and data solutions
as well as insurance support services. Our Solution partners help
drive business value and innovation for insurers by developing and
delivering integrations, extensions, apps, and other complementary
solutions for Guidewire products. All of our Ready for Guidewire
partner solutions are validated for security, quality, and
compatibility with Guidewire, and can be found on the Guidewire
Marketplace.
For more information about Guidewire PartnerConnect, please
visit http://www.guidewire.com/partners.
About Guidewire Software
Guidewire is the platform P&C insurers trust to engage,
innovate, and grow efficiently. We combine digital, core,
analytics, and machine learning to deliver our platform as a cloud
service. More than 540 insurers in 40 countries, from new ventures
to the largest and most complex in the world, run on Guidewire.
As a partner to our customers, we continually evolve to enable
their success. We are proud of our unparalleled implementation
track record, with more than 1,600 successful projects, supported
by the largest R&D team and partner ecosystem in the industry.
Our marketplace provides hundreds of applications that accelerate
integration, localization, and innovation.
For more information, please visit www.guidewire.com and follow
us on X (formerly known as Twitter) and LinkedIn.
NOTE: For information about Guidewire’s
trademarks, visit https://www.guidewire.com/legal-notices.
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version on businesswire.com: https://www.businesswire.com/news/home/20240507716193/en/
Melissa Cobb Senior Public Relations Manager Guidewire Software,
Inc. +1.650.464.1177 mcobb@guidewire.com
Artie Makris VP, Marketing VIP Software 813-837-4347
amakris@vipsoftware.com
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