[waynevaughan]

The insurance companies are relying on an outside network of vendors. They are currently exchanging data using FTP/email and .CSV files. The usual controls for compliance, data-integrity, and fraud prevention are not in place. Our solution gave them an easy way to build an immutable audit trail and maintain data-integrity without having to incur the expense of integrating their external vendors.

In a perfect world, the insurance company would maintain a central database of claims data and everyone would work off that data. In the real world, data is being shared in an inefficient manner.

Insurance companies spend $2billion annual on fraud and compliance. Our solution helped them reduce their costs.