Novarica Impact Award Win Recognizes Successful Legacy Replacement and Use of Modern Technology for Productivity, Efficiency and Operational Gains
"We congratulate Patriot National on its win in the 2014 Impact Awards," said
The 2014 Novarica Impact Award nominees, including Patriot National, were selected by a panel of CIO members of the
This recognition comes on the heels of a successful end-to-end legacy replacement project for Patriot National, during which the company selected and implemented Vikaran's WorkersCompExpert®, a core administration suite designed specifically to fit the unique needs of this important line of business.
"We are extremely pleased to be a recipient of the Novarica Impact Award in the Transformation category," said
In 2013, completing a successful implementation of the Vikaran WorkersCompExpert software suite, Patriot National converted all the company's existing workers' compensation business for all 50 states onto the new platform. While data inconsistencies and inadequacies inherent to the old system made the conversion process difficult, Patriot National stringently managed the process by establishing a dedicated project management office (PMO) which monitored project scope, goals and deliverables.
"We congratulate Patriot National on this prestigious industry award. We are delighted that Patriot National was selected for this honor," said
Vikaran's WorkersCompExpert is a web-based, fully-integrated core administration suite that extends the capabilities of any workers' compensation insurer, managing general agency (MGA), managing general underwriter (MGU), third-party administrators (TPA) or self-insured employer, remodels critical workflows and enables instant scalability. The suite includes PolicyExpert, BillingExpert, ClaimsExpert, ReinsuranceExpert, and QuoteExpert (Agency Portal), plus customer portal and business partner portal modules as well. The implementation of Vikaran's WorkersCompExpert and subsequent modernization of Patriot National's workflows has already resulted in a higher level of efficiency, increased speed-to-market, productivity gains and an enhanced ability to utilize new mobile capabilities.
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Vikaran Solutions is an insurance industry solution provider with a specialized focus in workers compensation and other property & casualty lines of insurance. The company is headquartered in
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Source: Vikaran Solutions