Insurance
In today’s competitive environment, life, health and property/casualty
insurance providers constantly strive to improve service to policyholders
and agents while at the same time reducing costs. Furthering this challenge
is the reliance on inefficient and expensive to operate legacy systems.
To help you respond more effectively, as well as improve bottom-line performance,
Chesapeake offers the insurance industry a suite of solutions that:
- Provide superior functionality
- Deliver high performance
- Boost productivity
- Improve service to policyholders and agents
- Decrease costs
- Support regulatory compliance
- Deliver real-time decision-support information
- Maximize your technology investment through software that is flexible, platform independent and scalable
Chesapeake solutions can be delivered as traditional software running at
your organization, or as an ASP hosted solution.
Total Reconciliation Solution (T-Recs®)
With comprehensive research, reporting, and communications capabilities,
the
T-Recs account reconciliation software gives you the power to implement
best practices, cut costs and improve auditability and SOX compliance. Designed
to efficiently handle the very high disbursement volumes typical in an insurance
organization, T-Recs automates the full range of reconciliations, including
checks, general ledger, sub-ledger, ACH, lockbox, depository, investment,
cash concentration, AP and asset management accounts.
Chesapeake IDM™ (Internet Data Manager)
IDM automates the Internet retrieval of financial data, reducing the expense
and effort associated with data acquisition, and minimizing the possibility
of fraud. Implementing IDM puts you, rather than an outside data collector,
in control of financial data retrieval and involves no special authorizations
or addition fees from your banks.
Unclaimed Property Compliance System (UPCS™)
Unclaimed property compliance is particularly challenging for insurance companies.
In addition to high check volume, you must also deal with a variety of unclaimed disbursements,
such as field-originated checks. UPCS streamlines this function by automating the tracking,
documentation and regulatory compliance required for unclaimed property in all 54 jurisdictions.
Continuous updates of statutory requirements, a powerful report writer and automated notice of
critical deadlines help ensure that you stay in compliances with the unique rules in each state.
SmartTreasury®
Efficiently managing your cash position, and accurately forecasting future cash requirements are
key to the success of any insurance organization. A modular desktop and web-based treasury workstation,
SmartTreasury provides complete control over all treasury operations, including funds management,
account analysis, and compliance. SmartTreasury centralizes and monitors business activity, manages
cash, and facilitates funds transfer, thereby streamlining treasury operations and improving financial
forecasting and reporting.
SmartAnalysis®
Complex, diversified organizations like insurance companies typically have a large number of banking
relationships, making efficient oversight of banking fees a vital activity. A powerful tool for
analyzing commercial bank fee data across all your relationships, SmartAnalysis compares actual with
expected charges, highlights discrepancies, and helps ensure that volume discounts are properly applied.
Sophisticated “what-if” functionality helps you identify and negotiate the best combination
of prices and services from all your banking relationships.
SmartAnalyis RM™
Boost the power of SmartAnalysis with RM, a relationship management tool that organizes and documents
all your financial relationships and provides global one-step editing of account details. By organizing
key information like contact data, target balances, account criteria, and cut-off dates into a single
location, RM simplifies updates, reduces potential fraud, boosts productivity, and speeds reporting.