Latest Industry Related Insights
For industries like insurance, introducing automation is often the only way for traditional insurance carriers to remain relevant. However, by ignoring true end-to-end automation and data orchestration.
As the amount of data grows, emerging PropTech solutions should be seen as a complement alongside people, helping them to increase productivity and efficiency. These innovations speed up processes by automating repetitive tasks; making it easier to classify, store, search for and analyze data and documents. In order for real estate professionals to integrate their skills with new tech, the various PropTech solutions themselves must be well integrated. By investing in a Hybrid Integration Platform (HIP), commercial real estate companies can effectively integrate and automate PropTech systems.
The amount of data your organization has today, is the least amount of data it will ever have. For many businesses, insurance companies in particular, it is challenging to extract value from data because the information sits in multiple disparate systems. Therefore, businesses first need to collate and centralize data sets if they wish to gain real insights from them. This becomes especially challenging as data grows, because you have to pull the relevant information from even more systems.
Covid hit the CRE market hard, with lockdowns and in-person limitations severely affecting how property managers could run their businesses. Turning to technology, and cloud-based technology in particular, helped many landlords, estate agents and property managers optimize rent collection, keep tenants happy and maintain profit performance. One of the biggest tech challenges facing property management today is the complexities created by running multiple disparate systems including their PropTech systems as well as their front-end and back-end solutions. From tenant-facing PropTech such as access control or ubiquitous Wi-Fi, to CRE-facing PropTech such as utility metering systems.
Both Hybrid Integration Platforms (HIPs) and Integration Platform as a Service (iPaaS) approaches are extremely popular because they reduce the collective costs related to developing, testing, maintaining and using application and data interfaces by making integration easier and more effective. While the two are quite similar in many areas, they are also vastly different. In order to understand these differences, it is important to define each.
The Benefits of Automated Customer Onboarding for Insurance Companies
By turning your real time data integration strategy into a nimble, step-wise system, you can get to know your customer and implement innovative strategies that can iteratively modernize your customer engagement.
Investing in a Hybrid Integration Platform is the go-to solution for integrating all of your customer data for a 360-degree view.
Error handling is crucial to a successful data integration project; however, it is often an overlooked area because developers can find it intimidating when they try to understand it and cater to it. One challenge is to make sure that discrepancies in the data are identified quickly to remove erroneous data and manage the errors that can arise. Synatic's Hybrid Integration Platform (HIP) focuses on simplifying the notification of errors, making it easy to alert teams about data flow, process, and system failures.
Find out how insurers can leverage integration to optimize customer experience.
Speed up your integration process with Synatic’s distinctive SwaS (Software with a Service) model as opposed to just a SaaS (Software as a Service) model.
Taking control of your integration journey with a partner who thinks beyond iPaaS.
Today’s customers want personalized experiences, no matter which channel they may be on. In order to deliver true personalization, credit unions need to ensure that they understand customer needs across all the touch points and across all channels – physical and digital. By connecting disparate systems across the organization, CUs can immediately begin to create improved services, designed for a digital-first member experience.
Modern insurers are seeing major productivity gains thanks to integrated analytics.
Synatic takes a look at data integration trends and how companies are using smart integration technologies to give them a competitive edge.
By overcoming integration challenges, businesses are able to bring front-end and back-end together for streamlined operations.
Vend has partnered with Synatic, to make integrating Vend with your business simple, nimble and powerful.
Optimizing and managing inventory has become the number one priority for today’s brands, and having a constant view of your inventory at all times is imperative. Developing this kind of 360-degree view of all the systems involved in order fulfillment requires smart data integration.
For many insurance companies, the challenges of maintaining aging infrastructure could mean missing out on the full potential of digital transformation, and could ultimately risk their market relevance.