Insurity Spreadsheet API Solution Overview
The Insurity Spreadsheet API, powered by Coherent Spark, offers a cutting-edge solution to expedite the launch of insurance products by converting business logic from spreadsheets into easy-to-use APIs. This transformation allows companies to streamline their operations, saving time and resources. With cloud-native integrations, businesses can scale their processes seamlessly with native integrations to Insurity systems, ensuring a smooth transition. The robust and easy-to-use APIs provided by Insurity enable the launch of new insurance products in a matter of weeks, a significant reduction from the traditional months-long process. Businesses can review API outputs quickly using their original spreadsheet formats through the innovative concept of Spreadsheet Rehydration. This feature enhances efficiency and speeds up the validation process of the transformed business logic.
Benefits of Insurity Spreadsheet API
One of the key advantages of using the Insurity Spreadsheet API is the ability to turbocharge time to revenue. By upgrading business logic in spreadsheet workflows into reusable APIs, companies can drive efficiencies for new products and programs, experiencing an 83% reduction in product development costs. Furthermore, the platform streamlines compliance efforts by centralizing risk governance, version control, and audit facilitation in a secure cloud-based location. This ensures that authentication and access to sensitive Excel models and algorithms are managed efficiently and securely. Moreover, businesses can boost operational efficiencies by maximizing business logic management in Excel while harnessing advanced cloud performance and flexibility. The support for multiple version inputs and historical comparisons enhances the rating process, allowing companies to make informed decisions quickly and easily.
Validating Strategies and Solutions
Insurity Spreadsheet API empowers businesses to validate their strategies and solutions effectively. With user-defined, bulk case generation, companies can test assumptions confidently and visualize process improvements through version comparison charts. This feature allows companies to make data-driven decisions, refine their strategies, and optimize their solutions for maximum efficiency and performance. By leveraging the capabilities of Insurity Spreadsheet API, businesses can stay ahead of the competition, drive innovation, and deliver exceptional value to their customers.