University Park, Ill. – Dec. 4, 2014 – Applied Systems today announced the release of Applied PerformanceManagement 2014 R2 to U.S. and Canadian insurance agencies and brokerages. Building on the innovative and first-to-market solution introduced in early 2014, Applied PerformanceManagement 2014 R2 provides an expanded user interface and richer, dynamic reporting options to deliver further data-driven business insights for analysis and tracking across key business performance indicators.
Applied PerformanceManagement allows executives to obtain greater business insights from their existing management system data to make quicker, more informed decisions, resulting in greater employee productivity and more profitable client and insurer relationships. The solution presents data in an easy-to-understand visual interface with graphical reports that deliver multiple levels of analysis and tracking of key business performance indicators for an agency or brokerage. Designed and built specifically for independent agencies and brokerages, Applied PerformanceManagement can be implemented quickly into agency and brokerage operations with seamless integration into Applied management systems.
“Data continues to accumulate at an exponential rate, providing independent agencies and brokerages an unprecedented opportunity to evaluate and analyze information related to internal business operations and external engagement with clients and insurers to make better-informed business decisions,” said Michael Howe, senior vice president of Product Management, Applied Systems. “Applied PerformanceManagement 2014 R2 allows executives to manipulate data to produce visual graphs that clearly identify business opportunities to improve staff productivity, increase proactive client outreach, and develop more viable insurer relationships - all of which will drive stronger performance in the business.”
Key Applied PerformanceManagement 2014 R2 enhancements include:
Business performance scorecard – a new, powerful scorecard provides a consolidated snapshot of the business and allows agencies and brokerages to analyze critical business and employee performance KPIs for the past year and measure performance against future target goals, providing context of historical business trends and success rates and the ability track progress toward projected goals.
User-defined dashboards – upgraded summary, trend, geography and policy marketing dashboards with expanded filters allow users to analyze and drill down into hundreds of user-driven combinations of KPI’s in a single dashboard, enabling agencies and brokerages to make more informed decisions when defining steps to improve operational performance and client retention and growth.
Commenting on the importance of business intelligence solutions for the independent agent, Ron Berg, executive director for the Agents Council for Technology, said, “This is the kind of business intelligence and analytics functionality agents look for within their management system. The ability to set up user-defined dashboards to identify productivity and revenue trends leads to better strategic decisions.”
About Applied Systems
Applied Systems is a leading provider of software that powers the business of insurance. Applied is recognized as a pioneer in agency and brokerage management systems and data exchange between agencies, brokers, carriers and their clients. Automating the insurance lifecycle for more than 140,000 insurance professionals, 12,000 agencies and brokerages, and 350 carriers worldwide, Applied enables millions of people around the world to safeguard and protect what matters most.
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