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Mitchell Releases Integrated Salvage Management SolutionWorkCenter(TM) Salvage 2.0 to Help Insurers Streamline Disposition Cost Management and Achieve a Higher Percentage of Positive Recoveries on Low-Value Salvage Vehicles (November 01, 2011)
SAN DIEGO, CA -- (Marketwire) -- 11/01/11 -- Mitchell, a leading provider of technology, connectivity and information solutions to the Property & Casualty claims and Collision Repair industries, today announced the release of WorkCenter Salvage 2.0, an innovative salvage management solution that helps carriers minimize the cycle time of salvage vehicles while maximizing their recovery value. The solution is fully integrated within WorkCenter, Mitchell's end-to-end physical damage claims settlement solution that powers an insurer's physical damage claims processing needs -- including dispatch, repairable estimating, total loss valuation, repair management, review and customer management. Using data-driven technology, WorkCenter Salvage 2.0 integrates workflows and enables users to process assignments more quickly and monitor "on-the-ground" salvage inventory for direct cycle time savings.
"Our mission is to deliver the best possible outcome, and to do so we put a great deal of passion into always improving insurance claims processing for our clients, every step of the way," said Paul Rosenstein, Vice President, Product Management for Mitchell. "To achieve positive recovery on low-value salvage vehicles and overcome inefficient salvage workflows that can cost extra cycle time days and higher disposition costs, insurers need consistent, real-time and accurate information delivered to them from an unbiased solution provider as part of their primary workflow. Salvage 2.0 provides this directly within WorkCenter."
WorkCenter Salvage 2.0 simplifies the entire salvage process by enabling users to monitor, manage and track all salvage-related activities -- including auction, owner retained, unrecovered theft, title work only, early tow, tow only and charitable donation -- from one central location. Data is transferred within WorkCenter automatically, enabling insurers to issue assignments faster by avoiding the manual rekeying of vehicle information. Users can easily select pools that best meet their needs by connecting to a network of more than 350 salvage yards (regardless of geography). They can also request bids directly from a small group of well-targeted buyers for low-value salvage vehicles for maximum efficiency gains.
For more information, please visit www.mitchell.com or contact your Mitchell representative.
Mitchell empowers clients to achieve measurably better outcomes. Providing unparalleled breadth of technology, connectivity and information solutions to the Property & Casualty claims and Collision Repair industries, Mitchell is uniquely able to simplify and accelerate the claims management and collision repair processes.
As a leading provider of Property & Casualty claims technology solutions, Mitchell processes over 50 million transactions annually for over 300 insurance companies/claims payers and over 30,000 collision repair facilities throughout North America. Founded in 1946, Mitchell is headquartered in San Diego, California, and has 1,700 employees. The company is privately owned primarily by the Aurora Capital Group, a Los Angeles-based investment group. For more information about Mitchell, visit www.mitchell.com.
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