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What is Renewtrak?

Renewtrak functions as a comprehensive automation solution tailored to connect the global tech landscape, significantly improving the dynamics of the renewals and subscription economy. Our platform equips businesses with the tools to effectively oversee their recurring revenue streams while simplifying the quoting process via complex distribution networks, enabling them to present customized and pertinent renewal options for an array of licenses, support, maintenance, and annuity contracts. By automating renewal reminders, we assist teams in conserving precious time while guaranteeing that every account receives attention, leading to higher renewal rates. This renewal process can also be utilized as a pivotal opportunity to strengthen relationships with existing customers. Our system allows clients to investigate options, utilize self-checkout, and complete transactions effortlessly, thereby speeding up the quote-to-cash cycle. Renewtrak introduces a consumer-like digital purchasing experience commonly found in B2C contexts into the B2B realm, not only facilitating renewals but also promoting customer growth. The automation of repetitive tasks enables your team to focus on more impactful initiatives. In addition, our dashboard features AI-generated renewal likelihood scores, which deliver instant insights into performance metrics in real-time. This fusion of automation and data analysis empowers businesses to make strategic decisions while elevating customer engagement throughout the renewal journey, ultimately leading to sustained success and improved client satisfaction.

What is RenewalCompass?

RenewalCompass is a dedicated policy renewal system crafted specifically for independent insurance agencies with a team size of one to ten producers. It effectively connects the traditional methods of using spreadsheets with advanced agency management systems, offering agents and their teams a cohesive, risk-assessed summary of all policies due for renewal in their portfolios. Every policy due for renewal undergoes automatic assessment based on factors such as premium size, remaining days until expiration, and recent engagement levels. This systematic evaluation helps in quickly identifying high-risk accounts, allowing producers to focus their daily efforts without needing to recreate a prioritization list each time. The renewal process is segmented into five clear stages: Upcoming, In Progress, Committed, Renewed, and Lapsed, allowing for seamless transitions between these phases with just one click, along with a complete history of interactions for each account. This collaborative framework ensures that the team can operate from a unified platform, minimizing the risk of oversights during a producer's absence or during peak times for the agency, which significantly boosts overall efficiency. Additionally, this organized approach promotes enhanced communication and teamwork, which ultimately contributes to higher policy retention rates and stronger client relationships.

Media

Media

Integrations Supported

Applied Epic
EZLynx
Google Sheets
HawkSoft
Jenesis Agency Management
Microsoft Dynamics 365
Microsoft Excel
NowCerts
QQCatalyst
Salesforce
Stripe
Vertafore AMS360

Integrations Supported

Applied Epic
EZLynx
Google Sheets
HawkSoft
Jenesis Agency Management
Microsoft Dynamics 365
Microsoft Excel
NowCerts
QQCatalyst
Salesforce
Stripe
Vertafore AMS360

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

$59/month/2 users
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Renewtrak

Date Founded

2016

Company Location

Australia

Company Website

www.renewtrak.com

Company Facts

Organization Name

Regency Software LLC

Date Founded

2016

Company Location

United States

Company Website

renewalcompass.com

Categories and Features

CPQ

2D Drawing
3D Modeling
Approval Workflow
Guided Selling
Product Configurator
Proposal Generation
Quotes / Estimates
Renewal Management
Self Service Portal
eCommerce

Categories and Features

Insurance Agency

Claims Management
Commission Management
Contact Management
Document Management
Insurance Rating
Life & Health
Policy Management
Property & Casualty
Quote Management

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