|By Business Wire||
|August 15, 2013 04:24 PM EDT||
Riskonnect, the independent leader in risk technology, partnered with its client, the State of Utah’s Division of Risk Management (Utah DRM), to win the 2013 Best Fit Integrator Award in the category of Performance in Finance and Administration. This is Riskonnect’s fourth accolade this year, with others including the Atlanta Journal-Constitution Top 100 Places to Work, Atlanta Business Chronicle’s Pacesetter Award, and Technology Association of Georgia’s 2013 Top 40 Innovative Companies in Georgia.
The Performance Award recognizes an integrator’s role in innovative but practical solutions that have resulted in a substantial improvement in financial or operational performance and service delivery capacity – and in which results (cost reduction, service improvement) were benchmarked and savings quantified.
Riskonnect replaced Utah State Division of Risk Management’s basic claims system with Riskonnect RMIS, a comprehensive risk management information system and work platform. Riskonnect helped the Utah DRM customize a risk technology solution, which integrates critical touch points from 10 disparate systems within a single enterprise system. The Riskonnect solution provides benefits to the State and its citizens including:
- Annual savings of more than $1 million
- 82% increased efficiency in processing high dollar payments (from 23 to 1.5 days)
- 93% increased efficiency in processing payment of bills (from 29.3 days to 2 days)
The Utah DRM manages risk for State Government Agencies, School Districts, Institutions of Higher Education and Charter Schools. The State of Utah insures over $28 billion worth of property, including over 7,000 buildings, over 13,000 vehicles and liability coverage for over 120,000 employees, and includes services for claims adjusting, loss control, insurance procurement and policy management. Riskonnect and the Utah DRM worked together through an intense process of business analysis and discovery. Riskonnect demonstrated vision, leadership, support of technology, and improved the lives of others by making the Utah DRM more efficient and effective.
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About Riskonnect, Inc.
Riskonnect, Inc. is the provider of a premier, enterprise-class technology platform for the risk management industry. As an independent innovator in risk management software, Riskonnect develops and markets a growing suite of software solutions on a world-class cloud computing model, helping clients elevate their risk management programs, safety solutions and programs for management of risks across the enterprise. Through its strategic, operational and insurable risk software applications, Riskonnect provides the risk management industry with the specific, configurable solutions needed to reduce losses, control risk and affect shareholder value. For more information about Riskonnect, contact us at www.riskonnect.com, email email@example.com or call +1 770-790-4700.