Insurance Companies are known for its consumer finance business, which includes personal loans, home loans, and other types of loans. It also offers a range of insurance products, such as life insurance, health insurance, and general insurance. Insurance Companies have a wealth management division that provides investment and financial planning services to individuals and families. These Companies have become major players in the Indian financial services industry, serving millions of customers across the country. They have several hundred contracts with policyholders, vendors, and employees and manage these contracts using a combination of spreadsheets, email, and paper documents. When it comes to Creation, Implementation and upkeep of Contracts, Insurance Companies face a wide range of obstacles. A well- thought-out contract management system can help these businesses keep up with changing requirements, manage transactions effectively and ensure financial profitability.
Contractzy’s Contract Life Cycle Management tool involves digitally monitoring and managing all aspects of an Organization’s Contracts – from their creation to their expiration or renewal. Having said that, lets take a look on what solutions we provide:
The Insurance Companies can now: