There are literally hundreds of processes within a modern Insurance organization. Some of them (usually customer-faced) are already digitalized, some of them are becoming, but some will never be.
Regardless of their state (digital, analog, both), those processes make your Insurance organization great and those are your unique distinctions to attract more and more customers or grow with existing ones.
Governing analog insurance processes in digital era
As typical processes cover core business in your Core Insurance software, some of the very important processes, typically “on a hand -napkin” are not covered at all, even though they can mean make-or-break for your ever-changing insurance ecosystem.
Such examples can be as complex as reinsurance for large quantities or smaller day-to-day business processes of covering drafting of that “special contract”.
ShakeSpeare® builds a repository of those processes, regardless of whether they are digital or not, and enables your compliance officers and others to understand and at the end of the day mitigate risks.
Where pure robotization will just not cut it
Meanwhile, robotic process automation is a golden grail for those, who need results fast, unfortunately in a highly regulated and secured environment, business rules must not only be described but enforced and meticulously tracked.
ShakeSpeare® offers your organization an innovative fusion of Management and Governance of your bank’s business processes, hardened with business rules and enriched with automation tools. ShakeSpeare® is Business Process Automation, a next-generation tool for running your bank head-to-head against your digital competitors.