Summary: This write-up talks about deploying Dynamics 365 Business Central and scaling up with robust marine insurance management capabilities. Here, we are sharing one of our clients’ stories where they reached for assistance and we offered them the best-suited business management solution for marine insurance management.
Leverage the Power of the Platform and Thrive with Robust Marine Insurance Management
In the modern era of trending digital transformation, the insurance sector has experienced a dire need to drive automation and innovation across its operations. For the most part, many companies have started to realize the full potential of their business data and analyze the ways it can drive them significant benefits.
In such a case, an ERP system like Microsoft Dynamics 365 Business Central gives you the power and ability to centralize crucial and critical information and make the most of it for extensive business growth. Additionally, you can leverage Dynamics 365 Business Central to improve client relationship management and boost customer engagement, while monitoring policies, claims, premiums, and renewals.
Why Business Central for Insurance Management?
Enhanced Data Storage
For the most part, Microsoft Dynamics 365 Business Central simplifies data storage and makes it easy to input and manage any type of data, complemented by a range of analysis tools.
With Business Central, businesses seeking robust marine insurance management can analyze reports, and gain important, relevant insights such as financial reports related to premium profits and internal costs, operational reports related to employee workflow, and data reports.
Microsoft Dynamics 365 Power BI feature leverages artificial intelligence insights to help you support risk assessments, product profitability models, financial forecasting and claims management.
View and Manage Policy
Business Central Marine Insurance Management enables businesses to quickly view policy information with intuitive drill-down capabilities. Additionally, they can manage policy rates and carrier plan information as well.
Streamline Client Interactions
Case Study: How NavisionIndia Assisted In Customization of Marine Insurance Management for a Trading Company in Microsoft Dynamics 365 Business Central?
This case study illustrates the successful customization of Microsoft Dynamics 365 Business Central to cater to the specific requirements of our client who is a trading Company in managing marine insurance operations efficiently and effectively.
Our client is a reputed trading company, known for its high volume import and export transactions. Our client encountered significant difficulties in effectively maintaining records of their insurance policies, particularly in managing marine insurance tracking across a multitude of invoices. Given the company’s extensive involvement in both domestic and export transactions, a substantial volume of invoices are regularly raised. This large volume, along with the complexity of marine insurance policies spanning across these transactions, posed a significant challenge in tracking, managing, and associating the relevant insurance details with each transaction accurately.
1. Customization for Marine Insurance Policies:
Customization Solutions Implemented
1. Operational Efficiency
2. Enhanced Accuracy and Transparency
3. Advanced Marine Insurance Analytics
The customization of Microsoft Dynamics 365 Business Central for marine insurance management has significantly transformed the operations of our client. The tailored solutions have led to increased operational efficiency, accuracy, and improved decision-making processes within the marine insurance sector.
At NavisionIndia, you can connect to our D365 Business Central Consultants, who have worked with an array of businesses including those seeking marine insurance management, and helped them upgrade to a market-leading system that readily accelerates growth. Our experts render custom-made applications to ensure enhanced flexibility, marketing-leading cyber security, and the ability to scale up as and when your business demands. Businesses seeking marine insurance management can optimize their ERP investment with our seasoned Business Central Consultants.
Our experts have completed and successfully delivered hundreds of successful migrations, upgrades, and implementations. We help you build a scalable ERP infrastructure, render a personalized approach, and leverage our strategic advice, and industry standard-based expertise to ensure your new implementation is successful and budget-friendly. Additionally, we offer flexible training programs to assist your employees in using the newly implemented business management system to its full potential. You can avail of our dedicated support from day one and experience the change you want in your business to lead the competitive edge.