In The News
11-13-2006
Clear Technology Introduces Subrogation Solution that Transforms Subrogation Operations
Solution Eliminates Four to Five Hours of a Subrogation Specialist's Work Day
WESTMINSTER, Colo.— Nov 13, 2006 — Clear Technology, a global software provider to the insurance industry, introduced Clear Subrogation™ at the National Association of Subrogation Professionals (NASP) 2006 Conference in Orlando, Florida. Clear Subrogation™ doubles worker productivity and dramatically reduces cycle times, enabling subrogation specialists to pursue more claims and recover more money. It provides the industry's most innovative solution, distinguished by its ability to perform early identification and notification; automatically build out subrogation cases as claims are adjudicated; and ensure case-to-claim connectivity.
"Using our ‘clear the desk' approach, we identified the best practices actually used by subrogation specialists and converted them into software enabling us to create an end-to-end solution," said Brian Cohen, president and chief executive officer of Clear Technology. "Our customers tell us they ‘love' the solution because it enables them to double a subrogation specialist's caseload and recovery rate per case at the same time. It is truly a breakthrough in how insurance companies can now handle subrogation."
Clear Subrogation™ results speak for themselves:
- Increases employee productivity by 50% or more
- Reduces file cycle times by 30% or more
- Dramatically increases recoveries in total and on a case-by-case basis
- Enforces 100% consistency among specialists
- Clear's ground-breaking differentiator lies within its ‘clear the desk' methodology which frees up four to five hours of a subrogation specialist's day so they can increase their case load and more aggressively pursue existing cases. This ‘desk level' automation guarantees that all specialists process subrogation claims in a uniform manner, ensuring best practices, and decreasing the amount of errors and idle claims.
Clear Subrogation™ can be purchased as a complete end-to-end solution or in separate modules that can be implemented on an individual basis. The modules that comprise the end-to-end solution include: (1) Vendor Management, (2) Identification and Scoring, and (3) Demand Management. Each module offers a high return on investment (ROI), with payback in as little as three to six months.
Clear's unique modular implementation option enables carriers to create a subrogation automation strategy that reduces the initial investment required and accelerates benefits while minimizing organizational disruption and staff training time.
Clear Subrogation™ is hosted and managed internally by clients and uses information stored in existing core systems to support the subrogation process, extending the value of the in-place IT infrastructure. Powered by Tranzax®, Clear's patented software platform, the solution is easily configured and modified by business experts who are not highly technical. This key feature enables clients to make changes to Clear Subrogation as their business evolves.
About Clear Technology, Inc.
Clear Technology, a company that maximizes the way people work, produces software solutions that automate the activities and decision-making process of top performing employees in the insurance industry. The company's people-driven "clear the desk" approach to software development transcends traditional solutions, leading to dramatically reduced operating costs and significantly improved productivity for clients.
Clear's suite of insurance solutions is currently delivering outstanding results for leading insurance companies around the world.
Clear is based in Westminster, Colorado, with sales offices throughout the United States and the United Kingdom. For more information about Clear, visit http://www.clear-technology.com
For more information, contact:
AJ Workman
Director of Marketing
Clear Technology, Inc.
(303) 583-4100
