100%

visibility & access to all

client policy documentation

Significant

reduction in costs through

increased productivity

100%

compliance with document

management regulations

“It was a burden to have to search through paper files for required information, and staff say they love having everything available from their browser and easy to find.”

Birgit SmithUtmost Worldwide

Challenge

Document retention and compliant storage requirements are key challenges for the entire insurance industry. But for providers like Utmost, who manage client employee policies that can extend over decades, the sheer size of client files makes document processing, storage, and retrieval an even greater challenge. Utmost required an automated solution to handle the capture, storage, retrieval, and full lifecycle management of their large number of client documents.

Solution

SofCo’s SÄHKE2 and ISO 27001 certified Compliant Archive automates the business process surrounding client policy documentation. SoftCo’s outsource service captures and processes all Utmost documentation which is then stored in SoftCo Cloud’s ISO27001 Compliant Archive. The solution provides intelligent storage capabilities for multiple documents types (paper, email, PDF, XML, EDI etc.) and indexes and categorizes all of Utmost’s documents at the time of storage. Content Addressable Storage (CAS) technology ensures that documents are instantly available when required. Inherent lifecycle management ensures Utmost remain compliant with industry retention and disposal policies, including the option to digitally shred documents at the end of a defined lifecycle.

Results

SoftCo Compliant Archive provides Utmost with full visibility over all client policy documentation and swift access to all information via the SoftCo Cloud. They have removed their previous storage issues for their growing number of documents with the solution’s digital storage capabilities. Utmost has seen a reduction in costs through improved productivity and can ensure compliance with strict document management regulations, including retention and disposal policies.

Information
  • Industry:Insurance
  • Solution:Compliant Archive
  • Region:Europe
  • Employees:10,000+
  • Documents:100,000+

Utmost Worldwide is one of the most significant players in the global insurance and financial products market. With global revenue of almost €70 billion, Utmost has consolidated its position among the world’s leading insurance operators, with significant market shares in western Europe – its main area of activity – and particularly in Germany, France, Austria, Spain, Switzerland, and Central and Eastern Europe. In recent years, the Group has also expanded into Asia, with offices now in China and India.

“With SoftCo Compliant Archive we have a system capable of fully managing our document lifecycles, ensuring we always meet compliance obligations.”

Birgit Smith,
Utmost Worldwide

Case Studies

Why choose SoftCo?

SoftCo’s Smart Automation solutions automate Procure-to-Pay, Accounts Payable, Vendor Management, eBilling and Contract Management processes. Reducing costs, increasing efficiencies and delivering an intuitive user experience across all devices. SoftCo Compliant Archive is SÄHKE2 and ISO 27001 certified, meets all compliance obligations and effectively manages all organization data.

Smart Automation

User Experience

Return on Investment

Security & Compliance