Novitex Unveils End-To-End Service Solution For Document Outsourcing

By CIOReview | Wednesday, March 19, 2014
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STAMFORD: Insurance industry solution provider Novitex has launched a new product, ‘Integrated Document Life Cycle’ for the document outsourcing market for underwriting services to reduce costs and standardize workflow processes.

Novitex deploys a highly skilled team of Six Sigma experts and Digital Methodology Consultants trained in the IDLC to work with clients for assessing their document workflow. The insights and suggestions categorize areas of prospects for improvements and digital enhancements that contribute significant return on investments.

“Our new Insurance solution empowers underwriting support to focus on their core deliverables while meeting regulatory and compliance requirements. Novitex is able to provide secure, compliance-based document services designed to help our clients increase customer satisfaction and reduce costs,” said John Visentin, Executive Chairman and CEO of Novitex.

IDLC covers five stages—Multi-channel Receipt, Capture, Data Extraction, Intelligent Data and Production. The end-to-end outline starts at any phase with the aim of ensuring compliance, enhancing customer satisfaction, increasing productivity and reducing costs to drive expansion across the enterprise.  

“The IDLC offers a 360-degree view of the document, as it travels in and out of the enterprise, with the goal of identifying innovations that make processes faster, better and smarter. We are accelerating our clients’ ability to transition to digital by investing in a secure, compliance-based cloud infrastructure,” said Visentin.

According to InfoTrends, a market research and strategic consulting firm for the digital imaging and document solutions industry, primary concerns that are currently driving document outsourcing are regulatory and compliance issues.

“Novitex end-to-end service solutions enable our Insurance clients to meet regulatory requirements with data security, chain-of-custody and business continuity functionality,” said Visentin. Novitex offers outsourcing services for Consumer Services and Manufacturing, the Federal Government, the Financial, Healthcare, Legal, States and Universities, and Technology and Energy industries.