, you know, is worth about. It's this new that's a stir in a lot of these days. Now, I'm gonna try to it as clear as I can for folks who might not know much about it.
What does, is that it kind of takes over a bunch of tasks to and like that. It them the best way . of go all those piles and piles of , with long , this just in and .
Think about it this way, in the old times—or not so long ago —a would bring in a claim. Then would have to old , cross – , and make sure is in place they can even start to the claim. This took a heck of a lot of time, you . it could be weeks the claim was .
With , it's a whole . You've got, for , times . These are to a claim, pull up data in an . So of for weeks, a claim can be in a of days.
Here some steps .
1. First, when a claim comes in, it gets . The picks up on the —like what is , what the is.
2. Then it to a vast of . This has all the specs, of when the was sold, who sold it, all that stuff.
3. After that, the if the claim is valid based on rules. It might look if the is still the , if the is under the terms, for .
Now, let me some that you might be your head about.
1: How is ?
Well, are much more than in many ways. They don't get , don't make those silly from or . They the rules set for them . So the of auto is high. , it weeds out quite . For , if tries to claim for a far out of the , and those any .
2: What kind of does this have on ' in terms of costs?
What's cool is that can trim down costs a . You know, it cuts down on staff to . can then focus on more stuff. It also , and thus from .
There's also the of . is like old – way of doing —slow, prone to , and labor – . It's like using an old in a age. ? It's fast, and has the to a lot of at once. It's like to the from an old flip phone.
In my , is a step in how their – tasks. It clear such as , and cost – . It's high time that more and more start to this new way of with for .
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