|
|
 |
|
|
business results
Spectrum provides workers’ compensation data collection and rating organizations with the following benefits.
Improved Effectiveness of Staff – Spectrum reduces your manual processing. With Spectrum your users generally need only handle exceptions. This allows your staff to focus more on analytical services rather than clerical tasks.
Increased Uniformity and Data Quality – Because Spectrum is in use in other workers compensation rating organizations, adopting Spectrum increases the uniformity and quality for the industry – how the data is collected, processed, and reported.
Shared Technology Investment – You effectively share the cost of your technology investments with the other rating organizations. This allows you to make technology improvements that may not otherwise be affordable.
Faster Results – Spectrum allows you to immediately process incoming data to completion instead of having to wait for the next batch run. For example, a user can enter a Unit Statistical Report and immediately validate it and generate the experience modification and ratesheet.
Improved Data Consistency – Spectrum is built with a single, relational database architecture. This avoids the data inconsistency problems associated with legacy systems that contain many separate data files.
Open and Viable Technical Environment - Spectrum uses Oracle database and language technologies, employs a client server architecture, and has the ability to be web enabled. This advanced technical environment provides many advantages over older legacy system technologies. Among these are the availability of technical staff, ease of access to data, and increased data quality.
Reduced Risk - Spectrum is a proven solution, currently being used by four workers’ compensation rating organizations. IIS has a 100% success rating in the implementation of Spectrum – including customization for each organization’s unique requirements and complete data conversion and migration from legacy systems.
