INSURANCE AGENCY CONSULTING SERVICES
Make Better Decisions, Gain Higher ROI
INSURANCE AGENCY CONSULTING SERVICES
Custom Solutions With A 30 Year Track Record
Alexant offers a host of insurance-focused skills and tools to your agency, including Applied TAM and Epic operations, accounting, workflows and training, as well as designing custom tools for retention calculation and commission import. We work to improve data integrity, financial management, and technical systems management and get results within financial constraints.
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Granular Insight Into Your Financial Operations
Accounting
Alexant's understanding of insurance accounting and the emphasis on accurate data input in generating reports is aligned with best practices in the industry.
By adhering to these principles, you can create financial statements and reports that provide a clear and reliable picture of your organization's financial health and performance.
What's included:
Data Accuracy: The accuracy of the data you input directly affects the quality of your reports. Even a small error in data entry can lead to significant discrepancies in financial statements. Double-checking data and using validation measures can help minimize errors.
Consistency: Ensuring consistency across different data sets and time periods is essential for meaningful comparisons and analysis. This consistency extends to terminology, codes, and accounting standards.
Completeness: All relevant data must be included in the reports. Omissions can lead to distorted financial statements and inaccurate analysis.
Relevance: Only data that is relevant to the specific report or analysis should be included. Unnecessary data can clutter reports and obscure important insights.
Timeliness: Entering data promptly ensures that reports are up to date and relevant. Delays in data input can affect decision-making and analysis.
Documentation: Maintain clear documentation of data sources, calculations, and any adjustments made. This documentation is crucial for audits and to maintain transparency.
Validation and Verification: Implement validation checks to catch inconsistencies or errors in data input. Verify calculations and reconcile data to ensure accuracy.
Data Security: Protect sensitive data through proper security measures to prevent unauthorized access and maintain data integrity.
Software and Tools: Utilize appropriate software and tools to facilitate data entry, calculation, and report generation. Automation can help streamline the process while reducing the risk of human error.
Training and Knowledge: Ensure that personnel responsible for data entry and accounting are properly trained in insurance accounting principles and procedures. This will help them understand the significance of accurate data input.
Migrations
Experience a migration that's efficient, stress-free, and tailored to your agency's needs with Alexant by your side.
What's included:
Complex Process Made Simple: We specialize in guiding agencies through the intricate journey of migrating from Applied Systems TAM to EPIC, reducing stress and ensuring a smooth transition.
Expert Decision Point Guidance: Benefit from our deep industry knowledge as we assist you in making informed decisions at every critical juncture of the migration process.
Stress Management: Change can be overwhelming, but with Alexant's support, you can mitigate organizational stress and ensure a seamless transition.
Tailored Training: Say goodbye to generic training—our approach focuses on providing agency-specific training that empowers your team to excel in the new system.
Proactive Preparation: We tackle the tough questions before conversion, identifying potential challenges and optimization opportunities to pave the way for success.
Customized Approach: Recognizing that every agency is unique, we tailor our guidance to fit your agency's size, structure, and goals.
Industry Expertise: With our in-depth understanding of insurance management systems and industry intricacies, you can trust us to provide expert guidance aligned with best practices.
Workflows
This 4-step methodology aligns with best practices for process improvement and optimization. It emphasizes a systematic and structured approach to addressing business challenges and achieving efficiency gains. By defining, documenting, training, and auditing your processes, you create a cycle of improvement that can lead to sustained success and growth.
Methodology
- Define: This initial step involves clearly defining the objectives, goals, and requirements of the process or workflow you're looking to optimize. This could include identifying pain points, inefficiencies, and areas for improvement. By having a clear understanding of what needs to be achieved, you set the foundation for the rest of the framework.
- Document: In this step, you systematically document the existing workflow or process. This documentation should cover the entire process, detailing each step, task, role, and interaction involved. Comprehensive documentation provides a clear overview of how things currently work, which is essential for identifying bottlenecks and areas where improvements can be made.
- Train: Once the process is documented, the next step is to train the relevant personnel on the optimized workflow or process. This training ensures that everyone involved understands the new steps, responsibilities, and expectations. Training is vital to ensure a smooth transition from the old way of working to the new, improved process.
- Audit: The final step involves regularly auditing and evaluating the newly implemented workflow or process. Auditing helps ensure that the defined objectives are being met, and any deviations or issues are identified and addressed promptly. Regular audits also provide opportunities for continuous improvement and refinement of the workflow over time.
Staff and Culture
We acknowledge the distinct hurdles that Independent Insurance Agencies face and adapt our solutions to cater to the evolving needs of the modern legal landscape.
What's included:
Holistic Understanding: Beyond insurance expertise, Alexant comprehends the intricate dynamics and nuances within the agent and agency landscape.
Vast Experience: With a client base spanning 800+ agencies nationwide, we've encountered diverse cultures and sizes, gaining insight into unique challenges and opportunities.
Cultural Insights: From large corporations to small enterprises, we've witnessed cultural differences that impact operations. While not social psychologists, we offer valuable insights to motivate staff and enhance productivity.
Applied Systems Proficiency: Leverage our guidance to optimize your use of Applied Systems LOB software, fostering greater acceptance and productivity.
Tailored Solutions: Our approach is customized to your agency's context, ensuring practical strategies that resonate with your team's dynamics.
Unveil Agency Potential: Partner with Alexant to tap into a wealth of knowledge, bridging insurance expertise and deep agency understanding for transformative results.