CollisionSyzygy Inc. is the leading provider of generic claims outsourcing services. It uses a high-tech delivery platform that includes the Internet and several proprietory software systems. CollisionSyzygy brings together the auto damage claim of an insurance company and the body repair shop in a way that reduces both costs and efficiency.
This business plan will help CollisionSyzygy acquire capital investment. It will allow CollisionSyzygy, with its proven business strategies and processes, increase its reach to more of the market. Time is a critical factor. CollisionSyzygy leads its competition by nearly a year and half in technological developments that allow for greater efficiency in collision claim processing. This allows CollisionSyzygy to make more money for its clients. Its ability quickly to infuse money in CSI will ensure its competitors are not left in a position of imitation. CollisionSyzygy’s technology advantage and untapped market opportunities make it an attractive investment opportunity. In addition, smaller insurance companies will find it impossible to operate profitably without outsourcing collision claims because such companies will not be able to achieve the lower costs that are associated with high volume transactions.
CollisionSyzygy offers full-spectrum processing services for claims, with quick transaction clearance and access to both a national as well international market of buyers. Many competitors are limited in their offerings or specialize; CSI makes use of technology to offer every service.
CollisionSyzygy remains a working company. William Smith, a manager with 18 years’ experience in both insurance adjusting and collision repair, has led the company for the past five year.
The company is rapidly building a network of body shop facilities who receive geographic territories in exchange for agreeing to maintain very stringent quality control standards, certifications, and discount pricing, which further enhances the insurance company’s profit margin.
CSI’s leadership in generic services will be assured by CollisionSyzygy’’s multi-platform reporting capability, as well as a host of proprietary software programs.
The company is currently profitable. With the new investment, CollisionSyzygy should be able to achieve (lofty) sales for the 12-month period of Year 1. (staggering profits are expected to be made before income taxes. Within two years sales will skyrocket with (sky high) post-tax profits. After-tax profits should approximate (breathtaking). This chart shows after-tax profits.
1. Keys to Success
- Vast industry experience for Chief Executive Officer.
- CollisionSyzygy’s only business in the U.S. Insurers can now access generic services from CollisionSyzygy. Until now, claims processing had been performed internally by large insurance companies.
- CollisionSyzygy was two years ahead in developing the proprietary software that allows insurance carriers to process their claims. Claims Technology (ACT), CollisionSyzygy’’s software, offers claims management and reports. This makes this information accessible to the insurance company or repair shop. Because of this delay in software development, it will be difficult to compete before CollisionSyzygy has established significant market share.
- CSI’s ever-growing network includes over 100 repair shops.
- CollisionSyzygy is just a few clicks away from connecting insurance companies to repair shops via the Internet using ACT software.
- As more repair shops join CSI their business will grow dramatically, while still maintaining competitive pricing and high quality repairs.
- Customer service between the repair shop and the customer is greatly enhanced through the use of other Windows(r)-based proprietary software that swiftly and accurately creates a cost estimate which allows the repair shop to spend more time with the customer and less time creating estimates. Due to the availability of a database resource, costing is easier for insurance companies.
Another software program transmits quickly the required estimates, photographs and other claims submission material to the insurance carrier.
1.2 Mission
CollisionSyzygy, Inc., USA’s only company, offers a low cost, generic solution for processing, administration, resolution and resolution of auto claims. CollisionSyzygy’s proprietary, high-tech process and software acts like a phone switch. They channel the claims of insureds from the insurance company to the proper auto repair shop. This will ensure that the insured receives quality, guaranteed repairs for their entire life. CSI manages this entire process and provides insurance carriers with comprehensive reporting. CollisionSyzygy has a mission to improve the claims process for all participants in a way that is unique from other insurance carriers.
CollisionSyzygy’’s high tech process is–
An insurance company with a claim
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- The claimant is given a repair shop address at the time they file the claim. This reduces the time it takes to process the claim.
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It results in dramatically reduced insurance costs:
- Thousands of dollars saved on indemnity payments.
- Automatic five percent discount on all CollisionSyzygy repairs
- It is possible to reduce the loss adjustment costs by a significant amount.
- Administrative expenses reduced.
- Take control of the repairs costs.
- Fast claim resolution helps you avoid costly auto storage
- CollisionSyzygy conducts spot quality inspections of repairs made by member shops to verify that they are of sufficient quality and necessary. CollisionSyzygy inspectors can determine that repairs are not necessary. Member repair shops must reimburse any amounts deemed unnecessary.
- When insurance reserves are not being used for claims, they are quickly released and capital is kept as low as possible.
- Insurance companies will soon find a way to obtain real salvage values, rather than estimates. This can be done by receiving or selling bids from potential buyers before the claim is settled.
- This allows the insurer to access detailed management reports that detail all underwriting, repair, and resolution activities.
- It is guaranteed for the lifetime of repair at participating CollisionSyzygy facilities.
A customer/claimant who:
- Lower insurance premiums can be obtained by reducing insurance costs.
- You will be amazed at how fast an auto claim can be resolved.
And member repair shops that:
- You can focus your resources and time on quality repairs, service, and marketing instead of spending money.
- CollisionSyzygy’’s multi-platform interface software allows you to simplify the process of estimating claims. You can create claim estimates in minutes. This allows you to provide better customer service.
In short, CollisionSyzygy is utilizing a managed auto body repair process much like the health care industry has attempted to contain costs using the Health Management Organization (HMO) approach. The exception to this analogy is that CollisionSyzygy achieves cost efficiency by eliminating unnecessary elements in the traditional claims process rather than by eliminating required repair procedures or components.
Only large volumes of claims processing are profitable. This makes it difficult, indeed prohibitive, for smaller insurance companies to run profitable claims operations. CollisionSyzygy has developed a claims processing system that will enable smaller insurers to profitably handle claims while also increasing margins for larger businesses.
1.3 Objectives
The CollisionSyzygy, June 1, 2000 through May 31, 2001
- You can earn pre-tax income of from (incredible) and splendid% net income.
- To be able to claim processing market, you need to control and capture at least ten medium-sized and large insurance company accounts. Market share will increase to 60 companies by the end of year 2. The full target market currently includes around 2,600 companies in the insurance industry.
- Promote name branding of CollisionSyzygy so that a minimum of 220 repair shops become certified members of the company’s program. By the start of Year 3, this number should grow to approximately 2,000 repair shops due to CollisionSyzygy’
The implementation of different programs and technologies that are not available in the market.
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