So you’ve made the decision to buy a new Policy Administration System. Your existing system is too buggy, changes are too difficult or expensive, or maybe you want to set up a new product line or brokerage.
Maybe you Google ‘insurance software’ or look at the ads in the Insurance Times. There are lots of companies out there, but finding out which is right for you is going to be hard. You contact a few but how to tell if they’re going to do everything you need? How do you compare apples with apples?
Bit of advice: you need a Business Requirements document, or what we call a Scope.
The bigger and better this Scope is, the more likely you are to chose the right company and get the right system.
Shocking admission: Ignite Broker might not be the right system for you! And that’s fine with us. The last thing we want to be doing at Ignite is providing systems to clients who could get better ones elsewhere.
If you’ve got the expertise and time to write a detailed scope document (which can run to hundreds of pages) then go for it! If you haven’t then Ignite can help. The first stage of any project - before contracts are signed. Yes we charge for it, but it will pay for itself many times over in the long run.
The Scope document is systems agnostic, and you’re welcome to show it to other software companies. This way everyone knows what you need from your system and you can truly compare the systems in front of you.
So if you’re looking for a new system, contact us for a demo and talk to us about how an Ignite Scope document can help you make the right systems choice.