Novidea, the creator of a cloud-based, data-driven enterprise insurance management platform, has announced a major new release with significant enhancements. This release impacts multiple areas of the platform, delivering improvements and new efficiencies for users in every market it serves.
The latest version of the Novidea platform includes enhancements to claims, billing, accounting, document management, quoting, submissions, UI/UX, and more. With this new release, Novidea delivers on its commitment to continually invest in innovation and maintain its competitive edge, supporting its goal by focusing on significant talent acquisition, growing its employee count by 50% in the last twelve months.
One of the highlights of these new features is the Multi Legal Entity Enhancements, which allow data to be structured and organized in the platform with improved permissions and relevant access. This allows multiple businesses and divisions to operate on a single platform. Another significant enhancement is the improved policy management functionality, supporting subjectivity management, processing of complex subscription market arrangements, premium payment warranty capture, creation of policy territory schedules, and an improved user journey for deduction & tax processing.
From a digital consulting company perspective, Pinnacle Digital Advisors views this release as an innovative and consumer-friendly solution that reinforces Novidea’s commitment to empowering insurance organizations with the technology they need to manage complex transactions, stay ahead of the competition, build customer loyalty, and achieve growth. The continuous collaboration with customers in advancing the insurance distribution industry into the digital age signifies Novidea’s dedication to driving innovation and efficiency in insurance management.
Additionally, Novidea has made enhancements in claims management, user experience, dynamic questionnaire configuration, insurance business accounting functions, line-of-business management, IVANS support, and a new filing module. These enhancements aim to provide more efficient management of financial activities, improved processing for various binder policy types, seamless integration with Outlook, robust connectivity to customers’ document management systems, and more streamlined operations for insurance agencies.
Erez Nissim, CTO of Novidea, expressed confidence that the latest release of their cloud-based, data-driven insurance platform will provide organizations with the necessary technology and tools to manage complex transactions and achieve growth. Novidea will showcase the enterprise insurance management platform live at InsureTech Connect 2023, where attendees can learn more about its features and capabilities.
Our Perspective
From a digital consulting company perspective, Pinnacle Digital Advisors views this release as an innovative and consumer-friendly solution that reinforces Novidea’s commitment to empowering insurance organizations with the technology they need to manage complex transactions, stay ahead of the competition, build customer loyalty, and achieve growth.
Pinnacle Digital Advisors
This article originally published: [https://finance.yahoo.com/news/novidea-unveils-major-release-features-120000198.html]