California-based Valley Oak Systems Inc., a provider of claims management software, services and support, has been named a finalist of the E-Fusion Insurance and Technology Award for their flagship product, iVOS. The award was presented at the 2004 A.M. Best E-Fusion Conference in Baltimore. The E-Fusion Awards recognize innovative, business-focused uses of technology in actual use by insurers.
“Having our technology recognized a second year in a row validates the alignment of our claims management system to today’s insurance business needs. iVOS enables clients to capitalize on remote operations; centralized low-maintenance support; and an increased scope of employment and business opportunities not limited by geographical boundaries. Our clients and prospects tell us iVOS is 18 to 24 months ahead of the competition; we plan to stay ahead of the curve,” said Randy Wheeler, CEO and founder.
iVOS is a browser-based system that automates and consolidates core processes such as claims, risk and workflow management to provide a “one-solution,” eliminating the need to integrate various applications. The system is highly configurable and can be customized to meet any organization’s needs, by incorporating claims best practices, optimizing the efficiency of claims personnel, and enabling organizations to effectively reduce risks and potential losses.
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