Claims Management Software Procurement Report – Procurement Trends and Spend Analysis by SpendEdge

Claims Management Software Market Procurement Report (Photo: Business Wire)

LONDON--()--Global procurement intelligence advisory firm, SpendEdge, has announced the release of their Claims Management Software Market Procurement Report.’ The insights and data offered by this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the information technology industry. This procurement report breaks down the data and analysis behind the procurement of claims management software and acts as an all-inclusive guide for making smart purchasing decisions.

“The demand for the category is being driven by the growth of the insurance market across the world and the increasing focus of category buyers to enhance customer experience,” says SpendEdge procurement analyst Bhuvaneshwari Udayakumar. “Also, integration of advanced technologies such as predictive analytics and AI with claims management software has widened the scope of the category and made it lucrative for buyers,” added Bhuvaneshwari.

Looking for more insights from this report? Request a FREE sample report

SpendEdge sample reports are free of charge and provide insights that focus on cost-saving aspects of procurement and optimization of category spend.

Procurement analysts at SpendEdge highlight the following top three market trends that are contributing to the growth of the Global Claims Management Software Market:

  • Growing use of AI in claims processing
  • Increasing integration of fraud detection technologies with claims management software
  • Integration of big data analytics with claims management software

This report is available at USD 1000 discount for a limited time only: View the report snapshot before purchasing

Growing use of AI in claims processing:

In recent years, AI technologies have been used in the claims management process to reduce the number of errors pertaining to manual claims processing procedures. With the help of AI, the burden of insurance for the employees can be reduced, and they can focus on more demanding tasks such as claims verification and fraud detection.

Increasing integration of fraud detection technologies with claims management software

The rapid increase in fraudulent claims has led to the integration of advanced fraud detection technologies with claims management software. With the help of these technologies, insurers can identify the fraud at early stage and further helps them to do a better risk profiling of the consumers.

Integration of big data analytics with claims management software

Claims processing, at large, involves the analysis of a large volume of data. Therefore, big data analytics is increasingly used to assist adjusters in enhancing their decision-making process. It is also used in the claim settlement process to optimize settlement amounts for instant payouts.

View our report snapshot to gain detailed insights into the current market trends.

Get unlimited access to all our reports. Our Insights platform provides ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Start your 14-day FREE trial now.

We also customize reports to meet clients’ requirements.

Related Reports:

About SpendEdge

SpendEdge shares your passion for driving sourcing and procurement excellence. We are a preferred procurement market intelligence partner for Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence that helps sourcing and procurement professionals make informed decisions. These innovative procurement solutions help enterprises transform structural capabilities, improve execution efficiency, and fast-track time to savings.

Contacts

SpendEdge
Anirban Choudhury
Marketing Consultant
US: +1 630 984 7340
hello@spendedge.com

Release Summary

SpendEdge has announced the release of their Global Claims Management Software Market Procurement Report.

Contacts

SpendEdge
Anirban Choudhury
Marketing Consultant
US: +1 630 984 7340
hello@spendedge.com