ApplyOn Rater

ApplyOn Rater is an automated Configure, Price & Quote (CPQ) solution designed to streamline the sales processes of insurance and financial service teams. According to the vendor, ApplyOn Rater offers real-time, accurate pricing, underwriting, and approvals, making it suitable for businesses of any size. Insurance companies, financial service providers, brokers and agents, credit unions and lenders, as well as education institutions, are among the target industries for ApplyOn Rater.

Key Features

Automated CPQ Solution: According to the vendor, ApplyOn Rater offers an automated CPQ solution that enables real-time pricing, underwriting, and approvals, streamlining the sales processes of insurance and financial service teams.

Fully Configurable Ratings and Business Rules Engine: ApplyOn Rater provides a fully configurable ratings and business rules engine, allowing for customization of the rating process according to specific business requirements. The vendor claims that this ensures accurate and aligned pricing and underwriting decisions.

Real-Time Pricing and Underwriting: According to the vendor, ApplyOn Rater enables real-time pricing and underwriting decisions, eliminating manual calculations and reducing processing time. It is said to ensure accurate and consistent pricing and underwriting decisions, enhancing the customer experience.

Full Transparency: ApplyOn Rater provides what the vendor describes as full transparency in the pricing and underwriting process, allowing users to view and understand the factors that contribute to the final price. The vendor claims that it offers detailed information on how rating and underwriting decisions are made, aiming to build trust and confidence.

Seamless Integration: ApplyOn Rater seamlessly integrates with existing systems and processes, including CRM systems and policy management systems. According to the vendor, this integration enables data sharing and ensures consistency across different platforms, reducing manual data entry and improving efficiency.

User-Friendly Interface: ApplyOn Rater offers a user-friendly interface that is intuitive and easy to navigate. The vendor states that it requires minimal training for users to effectively utilize the system, potentially enhancing productivity and user adoption.

Flexible Pricing Options: ApplyOn Rater provides what the vendor refers to as flexible pricing options, allowing customization of pricing strategies based on business needs. It is claimed to support various pricing models, such as tiered pricing or usage-based pricing, enabling companies to adapt to market demands and optimize revenue.

Efficient Approval Process: ApplyOn Rater streamlines the approval process by automating the workflow and reducing manual intervention. According to the vendor, it ensures timely processing of approvals, potentially improving overall operational efficiency.

Data Analytics and Reporting: ApplyOn Rater offers robust data analytics and reporting capabilities, providing insights into pricing trends, customer behavior, and performance metrics. The vendor claims that it generates comprehensive reports that aid in data-driven decision-making.

Secure and Compliant: ApplyOn Rater prioritizes data security and compliance, aiming to protect sensitive customer information. According to the vendor, it complies with industry regulations and standards, aiming to instill confidence in customers and stakeholders.