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Letter to the Editor
Monday September 9
ADP Claims Services Group Introduces Autosource(R) Reporting Manager for Total Loss Analysis
ADP Claims Services Group has announced the availability of Autosource Reporting Manager, a comprehensive total loss reporting tool. The Windows-based software transforms raw total loss data into meaningful business trend analysis so claims managers can cut cycle costs, target employee productivity and reduce severity costs.According to ADP, Autosource Reporting Manager balances ease of use with complex calculations, featuring twice the analysis capabilities of its nearest competitor. The software identifies trends and pinpoints strengths and weaknesses in the claims process for use by all levels of claims management, from vice president of claims to claims directors and field supervisors.
"ADP has not only helped us to survive as a 'small fish' in a 'big pond,' but has also helped us become more competitive -- without our having to heavily invest in infrastructure, people and training," said Todd Tipping, director of claims for New Mexico Mutual Casualty Company and Foundation Reserve.
Autosource Reporting Manager tracks the total loss experience, including vehicle inspection accuracy for severity management, at the company, local office and even individual adjuster levels. Managers can use Autosource Reporting Manager to compare their company data to industry data at the national, statewide and regional levels to enhance competitive strategy and reach their goals.
"Autosource Reporting Manager is a value-added management tool that enables ADP customers to dissect aggregate data on their total loss business by drilling down to the details of their employee productivity, cycle time and severity costs," said Kelly Brady, product manager for Autosource. "This new application gives claims managers a greater ability to manage the total loss process by providing them with the data they need to make strategic decisions."
The software includes nine standard pre-configured reports that identify total loss and vehicle information:
- Valuation performance summary
- Valuation usage and performance
- Valuation processing statistics
- Vehicle inspection summary
- VIN statistics
- Vehicle year summary
- Vehicle category
- Vehicle mix summary
- Vehicle distribution by loss type.
Beyond the nine standard reports, Ad Hoc reporting generates custom reports, allowing users to focus data analysis anywhere their business needs demand. Data is updated monthly.
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