Bordereaux Management
How Tide simplifies and enhances the delegated journey
- Operational and MI reporting suite
- Data extract function
- An easy and intuitive way for third parties to submit data
- Simple, one-time-only questionnaire
- Suggested data enrichments and corrections
- Maximises automation for straight-through processing
Key features and benefits
Automation
Tide provides end-to-end automation, eliminating manual processing and bottlenecks that add time and expense to bordereaux management and increase the risk of errors. Time saved on administrative tasks can be spent on other services that add value to the business.
Powerful and secure SaaS delivery
Tide is a cloud-based SaaS platform hosted in Azure. Built from the ground up, it benefits from Azure’s 24/7 availability. Tide’s in-built security function, with specific user security at each level, allows for both multi (company) and single level access.
Intuitive and user-friendly
The user interface makes it easy to handle and process data, and an in-system guide is available to all users.
Better decision-making
More informed business decisions are possible because data is extracted and analysed in a standard format and there is greater clarity and transparency.
Speed, versatility, scalability
Inbuilt APIs within Tide can consume data from any source in any format, which can be rapidly validated and cleansed, including manual uploads, and Tide will scale to accommodate growing volumes of data.
Highly focused data visibility
Tide has a powerful business intelligence (BI) capability. Data can be analysed within the Tide BI toolset or imported directly into ‘user's’ warehouse to enable data analytics leading to better business decisions.
Standardisation and consolidation
Bordereaux can be uploaded to Tide round-the-clock from anywhere in the world, making it easy for insurers to extract and process data. Consolidation is achieved using a questionnaire that filters data submissions into a single, standardised dataset that avoids duplication. Data processing rules can be created to make some datasets mandatory while others can be configured as required.
Meeting the challenge – giving you options
Managing bordereaux can be complex, time-consuming and costly. As insurers and their coverholders know only too well, every bordereaux journey presents many challenges.
For example:
- Inconsistent bordereaux formats
- Slow and error-prone manual processing
- Data that can require collating and extensive cleansing
- Incomplete or inaccurate data
- Delays as information is passed back and forth between multiple systems and parties
- Maintaining credit control and ensuring compliance
Digitalisation and insurtech are transforming core insurance activities, and bordereaux management is a vital part of this change.
Tide enables you to mitigate the challenges and manage bordereaux quickly and efficiently with a cloud-based platform that maps, cleanses, and validates data and then outputs it in a standard format.
