Applied Systems Releases Applied Epic 2020
May 26, 2020
Latest release of the world’s most widely-used management system further enhances automation and expands benefits capabilities
UNIVERSITY PARK, Ill. – May 26, 2020 – Applied Systems® today announced the general global release of Applied Epic® 2020. The latest release of Applied Epic enables brokerages to automate additional billing and commission workflows, expand digital management of their benefits book of business, and digitize the commercial lines application and renewal process via data integration with Indio.
Key enhancements in the latest release of Applied Epic include:
- Accounting: Further automates default commission agreement capabilities to expedite the renewal process, as well as provides two new annualized premium calculations for more accurate reporting for policies with terms greater or less than one year.
- Leads Inbox: Enables brokerages to import into Applied Epic leads obtained from Applied WebRater, marketing automation tools, aggregators and websites to create accounts, policies and activities.
- Indio Integration: Enables brokers using Applied Epic to launch Indio to automatically populate key client details into the renewal applications, eliminating the need for duplicate data entry and minimizing E&O.
- Expanded Benefits Capabilities: Provides policy term selections that most appropriately align with the benefits plan detail and enables brokers to capture accurate premium information more easily by automatically calculating volume-rated premium for Short and Long Term Disability and Life. Also allows commission to be calculated based on revenue, policies or entire book of business, and for a Producers New Business commission rate to be retained for a 12-month period starting from the Broker of Record.
“Applied Epic continues to be the most widely used management system across the globe, enabling brokers to operate more efficiently through the use of automation, and more effectively service and sell to their customers,” said Michael Howe, senior vice president of Product Management, Applied Systems. “The latest release of Applied Epic further supports our mission to create a connected insurance experience for each stakeholder.”
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Applied Systems is the leading global provider of cloud-based software that powers the business of insurance. Recognized as a pioneer in insurance automation and the innovation leader, Applied is the world’s largest provider of agency and brokerage management systems, serving customers throughout the United States, Canada, the Republic of Ireland, and the United Kingdom. By automating the insurance lifecycle, Applied’s people and products enable millions of people around the world to safeguard and protect what matters most.
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