Ventiv IRM vs. Xactimate

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Ventiv IRM
Score 7.6 out of 10
N/A
Ventiv IRM is integrated risk management software designed to provide the insights needed to monitor and lower the user's Total Cost of Risk (TCoR). It features real-time analytics for decision support by integrating data from internal and external sources in one system while connecting risk mitigation activities across the business.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 IRMXactimate
Editions & Modules
No answers on this topic
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Offerings
Pricing Offerings
Ventiv IRMXactimate
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Ventiv IRMXactimate
Top Pros

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Top Cons

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Best Alternatives
Ventiv IRMXactimate
Small Businesses

No answers on this topic

No answers on this topic

Medium-sized Companies
Qualys TruRisk Platform
Qualys TruRisk Platform
Score 8.3 out of 10

No answers on this topic

Enterprises
SailPoint Identity Platform
SailPoint Identity Platform
Score 8.7 out of 10

No answers on this topic

All AlternativesView all alternativesView all alternatives
User Ratings
Ventiv IRMXactimate
Likelihood to Recommend
8.0
(4 ratings)
9.0
(3 ratings)
Likelihood to Renew
9.1
(2 ratings)
-
(0 ratings)
Usability
8.2
(1 ratings)
-
(0 ratings)
Support Rating
8.2
(1 ratings)
10.0
(1 ratings)
Implementation Rating
1.0
(1 ratings)
-
(0 ratings)
User Testimonials
Ventiv IRMXactimate
Likelihood to Recommend
Ventiv Technology
Ventiv IRM works great for companies with a large number of sources of data, record management, and reporting needs. The system will be able to handle multiple users, processes, or other functions that a large company may need. Ventiv IRM would not be a good fit for companies that may not be large enough to justify the cost of a powerful platform like IRM.
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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
  • Support Portal allows direct access to support tickets, their status, and having programmers/developers reach out directly to me to clarify my requests.
  • Taking a big project and putting it into smaller, measurable pieces that move the project from beginning to end.
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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
  • Setting up a new Advance Query report - sometimes I run into glitches
  • When creating/implementing a match merge, the two claims that are set to merge, need to be typed EXACTLY the same (UPPERCASE & lowercase matching on both, if one is all caps and the other is lowercase, the match merge is not successful)
  • I do wish there was a way to self-match two claims instead of waiting for the match merge.
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Verisk Analytics, Inc
  • I am not aware of anything that needs improvement.
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Usability
Ventiv Technology
Very usable. The team is always suggesting "tweaks" that allow for easier flow, better understanding of the information needed. This even includes in moving categories/sections in a records around so that the flow of the record is better
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Verisk Analytics, Inc
No answers on this topic
Support Rating
Ventiv Technology
Support will reach out to me and I LOVE that. Often I want to show them what I see and they have always been willing to jump on a Teams meeting so I can do that. This has also helped me understand how to explain things better (support speak). This has led to closing tickets, completing projects sooner.
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Verisk Analytics, Inc
Whenever I have contacted them for support, they have always solved my problems.
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Implementation Rating
Ventiv Technology
The actual implantation was not good. The system is fully customizable so Ventiv was ready to give us what we wanted; however, we never had a system so we didn't fully understand what we wanted. Since then, we hit "reset" and we are steadily moving forward.
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Verisk Analytics, Inc
No answers on this topic
Alternatives Considered
Ventiv Technology
While Ventiv IRM is a bit more expensive than another platform we have used and evaluated, we get a lot of value that helps us make informed risk management decisions. The system works for us, and not the other way around. We're able to use integrations from other sources (such as Navex for reporting and our TPA, and Gallagher-Bassett for financial claim information). The system is easy to use, update, and manage, which is helpful too.
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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
  • OSHA reports are easier to run they were in our former software, Riskmaster
  • We don't utilized IRM as much as CE so are still finding ways to improve
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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 IRM Screenshots

Screenshot of Executive Dashboard
Interactive dashboards allow you to consolidate cross module indicators with a variety of graphical visualizations, including heat and geographic maps, to show aggregations, trends, hot spots and forecasts.Screenshot of ERM Summary Dashboard
Focus in on key risk metrics and track how they have changed compared to prior reporting, look at your risk concentrations by business and risk category plus spot your key risk assessment movers.Screenshot of Claims & Policy Dashboard
Dashboards can be covering 2 linked modules like Claim and Policy here showing Loss Ratios along with Claims Incurred and Premium spend analysis.Screenshot of Map Search
Map Search allows you look for information geographically to spot locations and concentrations. Connect to our advanced analytics to see how your risk profile is impacted by geographic hazards and perils.Screenshot of Portal Landing Page Sample 1
Create portal landing pages for your users or customers; make specific to your industry.Screenshot of Portal Landing Page Sample 2
On the portal page include quick links to their common actions plus include lists of their current cases (claims in this example).