Salesforce.com Inc

Vlocity Insurance

7.8 /10

What is Vlocity Insurance?

Successful Insurance organizations understand their clients and their constantly changing needs. They efficiently provide them with the right products, and efficiently administer and service their policies / products at the right times. You need insurance-specific capabilities, and you need all the benefits of the cloud. Now you can have both with Vlocity.

Company Details

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Vlocity Insurance Ratings

Real user data aggregated to summarize the product performance and customer experience.
Download the entire Product Scorecard to access more information on Vlocity Insurance.

83 Likeliness to Recommend

100 Plan to Renew

82 Satisfaction of Cost Relative to Value

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Emotional Footprint Overview

+95 Net Emotional Footprint

The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.

How much do users love Vlocity Insurance?

0% Negative

8% Neutral

92% Positive

Pros

Helps Innovate
Continually Improving Product
Reliable
Enables Productivity

Feature Ratings

Average 79

Risk and Fraud Assessment

Audit Management

Policy Management

Compliance Management

Analytics and Reporting

Communication Management

Fraud Management

Workflow Management

Document Management

Financial Management System

Claims Management

Vendor Capability Ratings

Average 76

Business Value Created

Quality of Features

Availability and Quality of Training

Breadth of Features

Usability and Intuitiveness

Product Strategy and Rate of Improvement

Ease of Customization

Ease of IT Administration

Ease of Implementation

Vendor Support

Ease of Data Integration

Also Featured in...

Insurance Policy Management

Score 7.1

View Vlocity Insurance in this category (opens in a new tab)

Vlocity Insurance Reviews

Gabriel P.

Role: Information Technology
Industry: Technology
Involvement: Initial Implementation

Validated Review

Verified Reviewer

Submitted Jul 2024

Likeliness to Recommend

10 /10

Pros

Helps Innovate
Continually Improving Product
Reliable
Enables Productivity

Ritika B.

Role: Sales Marketing
Industry: Technology
Involvement: IT Development, Integration, and Administration

Validated Review

Verified Reviewer

Submitted Jun 2024

Amazing tool! Loved it

Likeliness to Recommend

9 /10

What differentiates Vlocity Insurance from other similar products?

. Vlocity CPQ uses Salesforce standard objects like Opportunity, Quote, Order, and Asset while Salesforce CPQ comes with its own custom Quote object.

What is your favorite aspect of this product?

My favorite aspect is it's easy user friendly interface

What do you dislike most about this product?

The cost of implementation is too high

What recommendations would you give to someone considering this product?

I would recommend new users to go through the initial trainings for a better understanding of it's features. It allows a smooth experience later on

Pros

Enables Productivity
Efficient Service
Effective Service
Inspires Innovation

Cons

Leverages Incumbent Status

Yaswanth G.

Role: Information Technology
Industry: Technology
Involvement: Business Leader or Manager

Validated Review

Verified Reviewer

Submitted Feb 2024

Likeliness to Recommend

8 /10

Pros

Client Friendly Policies
Acts with Integrity
Reliable
Enables Productivity

Vlocity Insurance

What is Vlocity Insurance?

Company Details

Need Assistance?

Vlocity Insurance Ratings

83 Likeliness to Recommend

100 Plan to Renew

82 Satisfaction of Cost Relative to Value

Emotional Footprint Overview

+95 Net Emotional Footprint

How much do users love Vlocity Insurance?

Pros

Feature Ratings Average rating of all product features, some of which may not be shown below

Risk and Fraud Assessment Includes the ability to document, mitigate, and respond to project risk conditions across the portfolio and detect instances of potential fraudulent claims.

Audit Management Includes data security, audit reports, and revision control.

Policy Management Solution centralizes policies, standards, and procedures mapped to regulations or best-practices (PCI-DSS, ISO/IEC, HIPAA, etc.) with built-in templates.

Compliance Management Includes compliance controls, compliance rules engine, and compliance monitoring.

Analytics and Reporting Includes historical & real-time dashboard visualizations, detailed & summary reporting and easy data extraction for data analysis.

Communication Management Includes verbal and non-verbal information sharing, multiple languages, and a goal-oriented objective.

Fraud Management Includes identity theft protection, fraud alerts, payer authentication, and fraud investigations.

Workflow Management Includes ability to support flexible and comprehensive workflow-based capabilities.

Document Management Includes features such as check-in/check-out and versioning controls on documents and artifacts.

Financial Management System Includes planning, forecasting, invoicing, and cash flow management.

Claims Management Includes claims processing, eligibility verification, paper claims mailing, claims denials management, and electronic claims submission.

Vendor Capability Ratings Average rating of all vendor capabilities, some of which may not be shown below

Business Value Created Software needs to create value for employees, customers, partners, and, ultimately, shareholders. This data expresses user satisfaction - or lack thereof - with the product's business value.

Quality of Features Feature quality is just as important as quantity. Use this data to determine if this product will do what you're purchasing it to do, easily, intuitively, reliably, and effectively.

Availability and Quality of Training Effective and readily available training enables users to get the most out of the software you've chosen. Use this section to make sure your vendor's training programs and materials measure up.

Breadth of Features Users prefer feature rich software that enables them to perform diverse series of tasks. This data expresses user satisfaction with the product's breadth of features.

Usability and Intuitiveness End user learning curves cost the organization money. Pay attention to your end users' technical ability to determine how important UX is in your purchase.

Product Strategy and Rate of Improvement Vendors who don't stay on top of emerging needs and trends won't enable you to meet your business goals. Use this data to separate innovators from imposters.

Ease of Customization Don't get bogged down in a difficult customization; use this data to make sure you can easily achieve the functionality you need for your particular situation.

Ease of IT Administration This data indicates whether IT personnel will be able to resolve issues and perform configurations efficiently and effectively.

Ease of Implementation Successfully implementing new software is necessary to realize its full value and promote end user adoption. This data indicates whether or not the product is easy to implement.

Vendor Support The importance of vendor support will vary for each organization depending on internal capabilities, but there will always be issues that only the vendor can resolve.

Ease of Data Integration Use this data to determine whether the product will cause headaches or make data integration easy.

Also Featured in...

Insurance Policy Management

Vlocity Insurance Reviews

Gabriel P.

Likeliness to Recommend

Pros

Ritika B.

Amazing tool! Loved it

Likeliness to Recommend

Pros

Cons

Yaswanth G.

Likeliness to Recommend

Pros

Feature Ratings

Risk and Fraud Assessment

Audit Management

Policy Management

Compliance Management

Analytics and Reporting

Communication Management

Fraud Management

Workflow Management

Document Management

Financial Management System

Claims Management

Vendor Capability Ratings

Business Value Created

Quality of Features

Availability and Quality of Training

Breadth of Features

Usability and Intuitiveness

Product Strategy and Rate of Improvement

Ease of Customization

Ease of IT Administration

Ease of Implementation

Vendor Support

Ease of Data Integration