Statement of Value Analysis

Customer statements of value (SOV) arrive in unstructured, complex formats, which generate data entry and data reconciliation tasks for teams. Accuracy is critical for this task to ensure that proper coverage is understood for each policy.

WorkFusion® Intelligent Automation can accurately and predictably read and convert unique SOV documents so that teams can reduce the processing time by 80%.

Customers who viewed this use case also viewed

New Quote Request
Managing inbound broker liability insurance quotes is critical to earning new business. However, the...
New Quote Request
Managing inbound broker liability insurance quotes is critical to earning new business. However, the time it takes to manage the information can reduc...
Carrier Plan Document Extraction
Insurance brokers stay busy sourcing documents and policy information to meet customers’ needs. Keep...
Carrier Plan Document Extraction
Insurance brokers stay busy sourcing documents and policy information to meet customers’ needs. Keeping up with differences across plans, so that this...
Endorsement Request Intake and Routing
Automate ingestion of policy change requests received from customers, agents or brokers for commerci...
Endorsement Request Intake and Routing
Automate ingestion of policy change requests received from customers, agents or brokers for commercial line endorsements, with all relevant changes au...
Expenses Validation
With WorkFusion, you can automate expense validation end-to-end. This process can include receiving,...
Expenses Validation
With WorkFusion, you can automate expense validation end-to-end. This process can include receiving, reviewing, and (if needed) re-routing an employee...
Human Resource Email Inquiries
Large insurance companies are overwhelmed with inbound information requests from employees with ques...
Human Resource Email Inquiries
Large insurance companies are overwhelmed with inbound information requests from employees with questions and issues that keep them from focusing on t...
Insurance Policy Migration
Insurers face unique challenges as they modernize their technology to create more interconnected sys...
Insurance Policy Migration
Insurers face unique challenges as they modernize their technology to create more interconnected systems and to keep up with the latest customer servi...