APEXA Corporate Enhancements - What's Cooking?

APEXA Corporate Enhancements - What's Cooking?

Table of Contents:

 

What Challenges Are we Trying to Address?

  1. All corporations are going through the same set-up despite having very different requirements

  2. The profile set-up process is difficult and frustrating for corporations

  3. The corporation is too involved in the contracting process

What did we release in Release 1?

Description

Benefits

Which Challenge(s) Does This Help Solve?

Description

Benefits

Which Challenge(s) Does This Help Solve?

New onboarding pathways

  • Multi-Advisor Corporation

  • Single Advisor Corporation

  • Corporations are only completing information if it applies to their scenario

  • Single advisors are automatically linked to their corporation after completing their profile set up

  • Importing both individual and corporate contracts for single advisor corporations

(1) All corporations are going through the same set-up despite having very different requirements.
(2) The profile set-up process is difficult and frustrating for corporations

Removal of non-required fields and steps in the onboarding process

  • Corporations aren't taking time to fill out extraneous information or fields that don't apply for their scenario

  • Reduced number of steps and fields for all corporations and advisors by as much as 81%

(2) The profile set-up process is difficult and frustrating for corporations

New corporations are automatically linked to the MGA who invited them

  • MGA gets immediate access to the corporation as soon as they onboard

  • Corporation does not have to perform any action other than onboarding to get contracting process started

(3) The corporation is too involved in the contracting process

What is Coming in Release 2?

1. Single Advisor Corporation Invitations

There was an issue with this item that was preventing clients from using the single-advisor corporation invitation functionality. This feature is now fully functional.

Which Challenge(s) Does This Help Solve?
(1) All corporations are going through the same set-up despite having very different requirements
(2) The profile set-up process is difficult and frustrating for corporations

2. Ability to Add Multiple Documents for Corporations/Advisors

Corporate representatives and/or advisors will have ability to upload multiple documents instead of requiring them to merge all items together for one file upload

Benefits:
Reduces time and frustration for corporations that have items for which they have to provide multiple files (e.g. multiple corporate documents required)

Which Challenge(s) Does This Help Solve?
(2) The profile set-up process is difficult and frustrating for corporations

3. Ability to Add Documents to InTrust Records

MGA or Direct Carrier will be able to add documents to an InTrust profile (copy of licence, E&O, articles of incorporation) prior to sending an invitation

Benefits:
MGAs/Direct Carriers who were emailing documents to advisors/corporate representatives can now just upload these documents right into InTrust on behalf of the advisor
Advisors/Corporate Representatives do not have to upload these files and only have to verify the information entered, greatly reducing the amount of work to set up their profile

Which Challenge(s) Does This Help Solve?
(2) The profile set-up process is difficult and frustrating for corporations

4. View and Remove Packages

Clients will be able to view a list of all the packages that have been added to a contract
Clients will be able to remove maintenance and requirements packages that have been added to a contract in error

Benefits:
MGAs/Carriers can see what has been added to a package to determine correct requirements and to assist in troubleshooting
An error in adding the wrong package does not require a full re-contracting

Which Challenge(s) Does This Help Solve?
(3) The corporation is too involved in the contracting process

5. Ability for a Corporation to Add a New Advisor

Corporations will have the option to invite a new advisor to their corporation.

Benefits:
Corporation is only involved at the outset of the process - once they've submitted the request they do not need to perform any additional actions, allowing the MGA to act on the request immediately after the advisor onboards/the request is made.
The system intelligently handles all of the existing relationships so that the corporation does not need to know exactly which party to pick in which field
The invitation for a net new advisor is sent automatically by the system instead of manually through InTrust by the MGA

Which Challenge(s) Does This Help Solve?
(3) The corporation is too involved in the contracting process