Ventiv Claims vs. Xactimate

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Ventiv Claims
Score 8.7 out of 10
Enterprise companies (1,001+ employees)
Ventiv Claims Administration software is designed to handle claims with speed and precision.N/A
Xactimate
Score 8.3 out of 10
N/A
Xactimate is a property claims estimating application, supporting restoration professionals with repair process management. Xactimate was developed by Xactware, a property insurance and repair / remodeling software specialist that is now a Verisk Analytics company since the 2017 acquisition.N/A
Pricing
Ventiv ClaimsXactimate
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Ventiv ClaimsXactimate
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeRequiredNo setup fee
Additional Details
More Pricing Information
User Ratings
Ventiv ClaimsXactimate
Likelihood to Recommend
8.7
(25 ratings)
9.0
(3 ratings)
Likelihood to Renew
7.3
(3 ratings)
-
(0 ratings)
Usability
8.2
(1 ratings)
-
(0 ratings)
Support Rating
6.6
(3 ratings)
10.0
(1 ratings)
Online Training
7.2
(20 ratings)
-
(0 ratings)
Implementation Rating
9.4
(25 ratings)
-
(0 ratings)
Vendor pre-sale
4.5
(1 ratings)
-
(0 ratings)
User Testimonials
Ventiv ClaimsXactimate
Likelihood to Recommend
Ventiv Technology
Ventiv Claims works beautifully for workers' compensation. It is easy to use for both field employees and Risk Management. The claim nearly creates itself by allowing the digital "Injury Reporting Form" the employee fills out when they report an injury to populate the claim itself. I have the employee's own description of the incident, which helps determine compensability. In addition, the support we receive from the Ventiv Claims team is second to none. We have a dedicated account manager who ensures our success and is always willing to step in and help whenever we have a question or want something to perform differently.
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Verisk Analytics, Inc
As we are mainly a roofing company, this program is very well suited to our needs working with insurance companies. More than anything else, we use it for supplementing for roofing code items after a full roof replacement has been performed. It is not so well suited for small repairs we quote for siding or even roof repairs
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Pros
Ventiv Technology
  • The Ventiv team is always ready to assist in solving complex issues in a very timely manner.
  • The entire Ventiv staff is friendly, knowledgeable, and always ready to help via phone, email, web ex. Our Customer Success Manager, Doug H. is the best! And Cindy H., Machella G., Josette D., Duane J. ...just to name a few.
  • Love the fact that aspects of our daily tasks are streamlined and can be completed in one central location from claims management, to reporting, policy renewals, and payment processing.
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Verisk Analytics, Inc
  • Database of actionable items & pricing.
  • Scope of work creation.
  • Communication between other platforms.
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Cons
Ventiv Technology
  • Document handling
  • Load case management transfer
  • Slow loading times for tabs
  • Automation to assign diaries to claim assistant instead of examiner or supervisor
  • Pagination and allowing for view of more than 500 records on a tab
  • PDF converter in application requires specific formatting of the Word document
  • Need for work arounds for existing issues
  • Application built more for an Insurance carrier than a TPA
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Verisk Analytics, Inc
  • I am not aware of anything that needs improvement.
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Likelihood to Renew
Ventiv Technology
We have been using Ventiv Claims for over ten years, and there is a wealth of information in the system. We have not seen any other system that compares to the Ventiv Claims environment.
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Verisk Analytics, Inc
No answers on this topic
Usability
Ventiv Technology
Overall, the system is easy to use. Some fields are redundant within the system, which makes it a little confusing, but once you choose which to use, you can easily hide the other field from users so they do not enter information in the other field.
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Verisk Analytics, Inc
No answers on this topic
Support Rating
Ventiv Technology
Overall the support is really good. There are only a few instances where the support could not figure out how to resolve issues we have encountered quickly.
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Verisk Analytics, Inc
Whenever I have contacted them for support, they have always solved my problems.
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Online Training
Ventiv Technology
During any training provided by Ventiv, the sessions are always two ways. It is not just a lecture that you sit through, they are generally question and answer type sessions that are very good at getting the point across. By keeping the sessions small and manageable, Ventiv can provide the training necessary so that all of the users feel comfortable.
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Verisk Analytics, Inc
No answers on this topic
Implementation Rating
Ventiv Technology
Our implementation specialist was exceptional! She went above and beyond in helping us get everything set up the way we wanted it and provided the necessary training to myself, who is the administrator of CE. There was a key piece that was missed by Ventiv during our negotiations before implementation that required us to go back and ended up costing us more money for our incident intake form.
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Verisk Analytics, Inc
No answers on this topic
Alternatives Considered
Ventiv Technology
I have not met with any other RMIS vendors in a very long time. They reach out all the time; however there's no sense in wasting anyone's time. I am happy with Ventiv, there are times I may get upset because there is no response when I ask for something. But I chalk it up to my issue is not top priority.
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Verisk Analytics, Inc
We have not used any other software other than Xactimate at this time. We feel it is the most widely used software product by insurance companies and they also continue to try and improve their software regularly. Most recently, I have found out they are working towards integration of (I may be using the wrong terms for this...) photographic/scanning measurements just auto populating into the sketch window. Even the auto population of line items with other software integration would almost eliminate the need to take physical measurements in the future and drastically reduce the time it takes to generate a claim report.
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Return on Investment
Ventiv Technology
  • We pay about $100K per year in support/update fees it has been very difficult to justify these fees as we don't use support much and many of the updates simply brought the product to an approximate level to what we thought we were purchasing in the first place.
  • Self-hosting and owning the software rather than SaaS is an incredible value.
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Verisk Analytics, Inc
  • Clear communication with all stakeholders.
  • High pricing for smaller scaled operations - ROI can be long.
  • Training team members is an investment.
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ScreenShots

Ventiv Claims Screenshots

Screenshot of Claim Frequency by Age/Claim Severity by Age
Graphical Representation of Claims Frequency and Severity by AgeScreenshot of Unreviewed Documents by Examiner
Graphical Representation of documents that have not been reviewed by file handlerScreenshot of ODG Comparison – Total Cost
Graphical representation claim cost benchmarked against ODG GuidelinesScreenshot of Vendor Payment 
Graphical representation of payments made over time, payments by transaction, and total amount paid for specified time frameScreenshot of Policy Participation
Graphical Representation of reinsurance layers for a specific policyScreenshot of Claims by Month
Graphical Representation of claims entered by month that includes a filter for claim year and status