Applied Announces New Innovation across Benefits Product Portfolio
August 24, 2021
Company doubling down investment into benefits market to drive greater connectivity and automation for benefits brokers
UNIVERSITY PARK, Ill. – August 24, 2021 – Applied Systems® today announced increased investment and new innovation to support benefits broker’s growth and efficiency with updates to core products within the Applied product portfolio, including Applied Epic, Applied Benefits Designer, Applied Marketing Automation and Applied Epic for Salesforce on the Salesforce AppExchange. Applied’s innovation provides greater technology choice and automation at each stage of the benefits policy lifecycle to drive greater efficiency, new business growth, and stronger renewals for a more profitable business.
Following the recent announcement of the Benefits capabilities in Applied Epic for Salesforce, key investment across the benefits product portfolio includes:
Applied Epic, the world’s most widely used management system, has new functionality to manage benefits commission schedules and service plans.
- Add Weighted Commissions – Allows brokers to calculate premium-weighted broker commissions to determine the most lucrative revenue streams.
- Direct Bill Commission Updates – Enables brokers to record and import commissions without entering a premium amount.
Applied Benefits Designer, a benefits plan modeling solution that enables real-time comparison and plan design, continues innovative development of new features, including:
- Import Multiple Plans to Library – Allows brokers to import an Excel file to upload multiple medical, prescription, dental and vision plans quickly and easily to the Agency Plan database.
- Plan Design Report – Provides access to information so brokers can easily compare specific plan designs versus the entire plan group. New Plan Design and Plan Design Benefits Comparisons are now available in Applied Benefits Designer for Vision, Life, STD and LTD insurance in addition to Medical and Dental.
Applied’s ongoing investment in Applied Marketing Automation enables agencies to create and deliver targeted, informative marketing campaigns to their customers and prospects by leveraging the application’s library of more than 1,000 pieces of relevant and timely curated benefits content, including compliance, legislative updates and more.
“The benefits market is overdue for simple, digital tools that can help brokers better connect their staff, customers and insurer partners to work more productively and profitably,” said Michael Howe, chief product officer, Applied Systems. “These innovations demonstrate our commitment to providing benefits brokers the same level of connectivity and automation as P&C agents, while creating a single view across both books of business to create more efficiency and business opportunities.”
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About Applied Systems
Applied Systems is the leading global provider of cloud-based software that powers the business of insurance. Recognized as a pioneer in insurance automation and the innovation leader, Applied is the world’s largest provider of agency and brokerage management systems, serving customers throughout the United States, Canada, the Republic of Ireland, and the United Kingdom. By automating the insurance lifecycle, Applied’s people and products enable millions of people around the world to safeguard and protect what matters most.