Sold by: C2L BIZ Solutions
SymbioSys Sales Tool
Overview
SymbioSys Sales Tool as a Service is a comprehensive sales enabler that empowers the producer to manage end to end sales process from Lead Activity management to Collateral Management, Financial Need Analysis, Product recommendation, Sales Illustration, Application including documents and Signature capture, field underwriting and payment processing on a hand held device in both online and disconnected mode. It is a one stop service that supports Life, Annuity, Pensions, Health products, in multiple languages and currencies. The field force can engage with the prospect either in person or with physical distancing, thru customer collaboration offered thru this service. SymbioSys Sales Tool has configured over 500 base plans and 1000 riders and caters to the need of global insurance markets. It has generated over 20 million sales illustrations and processed over 8 million applications across 24 customers in 9 countries. It is powered by an inbuilt, highly configurable product configurator designed on the philosophy of no code, that offers the widest range of configurators. For few insurers, SymbioSys Sales Tool has enabled them to be 100 percent paperless. SymbioSys Sales Tool-as-a-Service is designed for the global insurance distribution needs and is proven with unique capabilities like Ability to quickly adapt to evolving business changes, products, channels and complex rules Works on multiple platforms (Tablets/Laptops) and OS (Android/iOS/Windows) Control access rights with purge ability of device data on deactivation Context based application with seamless data sync during connectivity Increased face time and Consultative selling thru Solvers to improve customer experience Significant improvement in the STP rate 100% Reduction in the NIGO (Not-In-Good-Order) rates Easily configurable Medical and Underwriting reflexive questionnaire Handshake seamlessly with digital ecosystem with ready real time API interfaces
Highlights
- Higher configurability, for faster time to market
- Unified solution for diverse OS, single code for iOS and Android
- Maximum offline capability, unique rule capability that works even in offline
Details
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Delivery method
Deployed on AWS
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Pricing
Pricing is based on the duration and terms of your contract with the vendor, and additional usage. You pay upfront or in installments according to your contract terms with the vendor. This entitles you to a specified quantity of use for the contract duration. Usage-based pricing is in effect for overages or additional usage not covered in the contract. These charges are applied on top of the contract price. If you choose not to renew or replace your contract before the contract end date, access to your entitlements will expire.
Additional AWS infrastructure costs may apply. Use the AWS Pricing Calculator to estimate your infrastructure costs.
Dimension | Description | Cost/month |
|---|---|---|
MonthlyImplementationFee | Subscription Fees - During Initial Implementation | $29,700.00 |
Monthly Fees Go Live | Subscription Fees - Post Go-Live | $10,400.00 |
Dimension | Cost/unit |
|---|---|
Initial Set Fees | $27,100.00 |
Dimensions summary
This contract pricing splits into three separate charges that follow your rollout timeline. You pay a one-time Initial Set Fees to begin. During setup, you pay a monthly Subscription Fees During Initial Implementation. Once the tool is live, you switch to the monthly Subscription Fees Post-Go-Live. The two subscription fees do not overlap; the implementation fee applies before launch, and the go-live fee applies after. Together these cover onboarding costs upfront and ongoing use through the contract term.
Top-of-mind questions for buyers
Both are monthly charges, but they apply in separate phases. The implementation subscription fee runs while the tool is being set up and configured. Once the tool goes live for your field force, that charge stops and the post-go-live subscription fee begins. Only one applies at any given time.
The Initial Set Fees is a one-time charge you pay at the start. It covers onboarding and setup costs before the tool is running. The two subscription fees are the recurring monthly charges. The setup fee does not repeat once the initial engagement is done.
The post-go-live subscription fee covers ongoing use of the sales tool by your field force. This includes managing the sales process on hand-held devices in online and offline modes, field underwriting, product recommendation, and e-application capture. The fee is billed monthly through the contract term.
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Delivery details
Software as a Service (SaaS)
SaaS delivers cloud-based software applications directly to customers over the internet. You can access these applications through a subscription model. You will pay recurring monthly usage fees through your AWS bill, while AWS handles deployment and infrastructure management, ensuring scalability, reliability, and seamless integration with other AWS services.
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Support
Vendor support
Sumanas Kar - +919920378416
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