Finance
Speed up your time-to-market
For financial service companies, the biggest shifts in the market usually take place when laws and regulations change. New government measures force those offering financial services to react quickly. But these changes also often offer commercial opportunities! The company first on the market with new products who is also capable of operationally processing the applications that follow, has the biggest chance of winning an extra market share.
Sofon Guided Selling offers generic software with which you can quickly support the sales process of your (new) products. With Sofon components, you can realise – among other things - quotation software, management of acceptation and calculation rules, generation of quotations and policies and the connection to your back office. In this way, you can quickly take care of a complete roll-out of your new product. The information saved in the so-called Sofon models, can be managed by your own product specialists, or, if so desired, by Sofon.
Utilize your knowledge
Financial products are often complex products. Much of the relevant knowledge is in the heads of specialists, so to speak. And specialists may leave an organization at an inconvenient time, even in your organization. Knowledge that is stored only in people’s heads is a risk to your organization. Apart from this, well-documented rules, calculations, agreements and texts are the underlying conditions for a rapid and error-free quotation and contract process.
In Sofon, all relevant information is saved in such a way that even non-specialists can easily and quickly put together error-free quotations and contracts.
Operational Excellence
No financial service company can avoid the necessity of taking measures to improve the efficiency of daily transaction processing and bringing down costs. The efforts of specialists in the quotation and order process, double input of data and later corrections, often cause unnecessary costs and risks.
Using Sofon, the quotation and order process becomes simpler, speedier and of better quality. Input checks take place immediately and not after the fact. Authorization procedures become easier. Double input becomes unnecessary. In this way, Sofon makes a significant contribution to Operational Excellence in many front offices of financial service companies.
Chain integration
As a part of simplifying and speeding up the sales process and lowering sales costs, financial service companies often look for possibilities to decrease the number of steps in the chain. Now internet has become a common tool, it is logical step to improve the use of this medium in the communication with intermediaries or end customers.
Sofon makes it possible to put together quotations and complete policy applications via internet. Both for your intermediaries via a portal and for your end customers via your website. Sofon’s generic software makes it possible for you to offer different products using only one application for existing and new products.