James Swayze, CEO of Symbility Solutions (SY:TSX.V) explains this technology company’s possible solution to your insurance delays.
We currently operate in eight countries generating revenue in 2016 of 33 million dollars with 60,000 users of our platform. Symbility solutions is a global software company that’s focused on modernizing the insurance industry our primary focus is on taking the property insurance industry and the health and employee benefits insurance industries and improving the claims process which is very paper-based by giving them mobile tools to collect all of the data remotely on site in real-time connect to all of constituents through a cloud based communication hub and drastically improve the efficiency of the process the customer satisfaction.
Imagine you had a chiropractic assessment. Typically that’s a fairly intense paper process you get a paper bill you pay your bill you submit that to human resources we’ve created an app that allows you to take a photograph, figures out the copay between you and your company and then does electronic fund transfer to your account. By having that advantage of time we have had a decade to collect data to get input from customers to make modifications to build scale in the work platform. So we have a captive audience that’s growing country-by-country company by company and a number of products that are constantly pushing the envelope from an innovation standpoint.
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