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What is Terra?

A comprehensive risk management solution tailored for property and casualty insurance, TerraClaim is an all-in-one system for benchmarking and managing claims that enhances the efficiency of claims-related tasks, ultimately easing the workload for adjusters. It offers two distinct tools designed to optimize claims operations; while each tool is effective independently, their combined use amplifies their benefits. This cutting-edge solution leverages cross-industry data analytics alongside claims benchmarking to enable users to assess their claims performance against that of their industry counterparts. By doing so, it empowers organizations to establish more effective objectives, manage their risk reserves adeptly, and enhance claim results. As one of the leading software options for property and casualty claims management, TerraClaim not only streamlines internal workflows but also boosts overall productivity, ensures desired outcomes, and actively works to mitigate fraud risks. The integration of these features provides a robust platform that supports continuous improvement in the claims management process.

What is Majesco ClaimVantage?

The impact of digital technologies on the insurance industry is significant, with companies that embrace these advancements poised to achieve a substantial competitive advantage. Traditional claim management processes that depend on multiple platforms, physical paperwork, and labor-intensive workflows are increasingly being replaced by cloud-based enterprise claim management systems. One such solution, the Majesco ClaimVantage Claims Management Software for Life and Health, streamlines the claims process from initial intake to payment calculations, all while integrating various systems to improve information flow across the organization. By facilitating accurate and timely claim decisions, businesses can enhance customer satisfaction and increase operational efficiency. Furthermore, built on the Salesforce Lightning Platform, Majesco ClaimVantage not only helps insurance companies and third-party administrators modernize their claims handling but also prepares them for future growth opportunities within the industry. As technology continues to advance, adopting such innovative tools will be essential for maintaining long-term competitiveness and success. Ultimately, the ability to adapt and evolve will determine which companies thrive in this rapidly changing environment.

Media

Media

Integrations Supported

Bottomline Digital Banking
Coast
ImageRight
Ledger Nano X
Majesco
Salesforce

Integrations Supported

Bottomline Digital Banking
Coast
ImageRight
Ledger Nano X
Majesco
Salesforce

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
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

Terra

Company Location

United States

Company Website

terra.insure/

Company Facts

Organization Name

Majesco

Company Location

United States

Company Website

www.majesco.com/majesco-claimvantage-claims-management-software-for-lh/

Categories and Features

Claims Processing

Adjustor Management
Case Management
Claim Resolution Tracking
Co-Pay & Deductible Tracking
Compliance Management
Customer Management
Electronic Claims
Forms Management
Paper-Based Claims
Payor Management
Policy Administration

Insurance Agency

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

Insurance Claims Management

CRM
Claims tracking
Customer portal
Document management
EDI data exchange integrations
Electronic claims
Fraud management
Reporting

Integrated Risk Management

Audit Management
Compliance Management
Dashboard
Disaster Recovery
IT Risk Management
Incident Management
Operational Risk Management
Risk Assessment
Safety Management
Vendor Management

Risk Management

Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment

Categories and Features

Claims Processing

Adjustor Management
Case Management
Claim Resolution Tracking
Co-Pay & Deductible Tracking
Compliance Management
Customer Management
Electronic Claims
Forms Management
Paper-Based Claims
Payor Management
Policy Administration

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