Insurance companies continue to be challenged in 2018 by macro-economic cost pressures, increased competition from disruptive digital players and rising customer expectations. That’s led to more “belt-tightening and doing more with less to shore up returns”, according to Deloitte. The global consultancy claims that insurers which make digital transformation a priority “are most likely to re-energise their cultures, as well as grow their top and bottom lines.”
In the quest to reduce costs and become more efficient through digital technologies, supplier payments is an area often overlooked. Optal offers insurance companies a whole new way to look at an area many just accept as a cost of doing business. We’re revolutionising payments to suppliers by stripping out hidden inefficiencies and optimising processes.
This short guide highlights three more reasons why global insurers are choosing Optal.