RAID

RAID is a market leading solution for Business Assurance.

RAID is a powerful and flexible Business Assurance framework that can be used to assure virtually any Business Process in a corporation.

The Business Assurance approach and RAID technology provides you the possibility to manage other important challenges affecting an Insurance company such as Operational Risk Management, Internal Controls, Fraud Management and Anti-Money Laundering, always using the same innovative framework.
RAID™ enables real-time monitoring of service delivery and revenue generation lifecycles, ensuring data integrity, enabling accurate billing and helping to achieve compliance with regulations. The business case is well established, and our clients typically enjoy a full return on investment within months of deployment.

With WeDo technologies integrated assurance framework – RAID – data from different platforms (customer information system, metering, billing, debt management) is integrated into a central database, and data integrity and process validation rules are applied to detect errors, frauds and inconsistencies. RAID timely produces and manages alarms, provides the full problem life-cycle management and provides extensive KPIs reports and audit trails.

RAID Business Assurance Solution Architecture

RAID provides the end user a unique interface illustrated by the picture below:

By identifying, managing and reducing exceptions and reducing work in progress, unbilled clients are reduced, bill accuracy is increased, bad debt and fraud is reduced, cash flows are improved and net cash is increased.
Examples of revenue streams covered by RAID in the insurance sector:

If you whan to know more how WeDo Tecnhologies and Business Assurance RAID can help you improving operational effectiveness and managing your insurance company please contact us here: customerservice@wedotechnologies.com