| | March 20167tools and capabilities, we also ensure that once the data enters into our cloud infrastructure, it remains secure and auditable," reveals Burns. From generating immediate cost savings to developing a comprehensive best-practices strategy, the company's focus goes way beyond system features and functionalities. In addition, the company provides solutions over a fully owned, staffed and managed cloud-computing infrastructure, serving only the risk, insurance and safety management community. This offers a level of security, transparence and accountability that is unparalleled in the industry. Ventiv also earned third-party HIPAA accreditation; and in fact, it is the only company to get this certification in the space.Conquering New HeightsRiskConsole--Ventiv's flagship product--is a powerful reporting and analytics tool that provides relevant information for decision support and creates actionable business intelligence. The solution enables any user to quickly run dynamic, interactive reports including graphs, drill-down and drill-through capability. Any data element captured within RiskConsole is available for reporting, which gives organizations the ability to r u n reports using standard templates, custom reports, ad-hoc tools and queries. When integrated with a data-visualization model provided by the firm, the solution helps risk and insurance managers communicate information clearly and effectively. "RiskConsole helps clients make the most of the information assets at their disposal," notes Burns.An award-winning product introduced in 2014, Ventiv's Combined Corporate & Captive Risk Management Solution, is a good example of how Ventiv applies its industry expertise to its products. The solution covers everything from sophisticated premium allocations (including re-insurance splits) to managing commissions and recoveries from commercial re-insurers. The solutions also monitor limits, aggregates and stop-loss programs. All this is done from both the corporate and the captive market perspective, including gross and net positions. For a detailed understanding of RiskConsole's prowess, consider the case involving Tesco--one of the largest retailers in the world. Serving millions of customers every week and employing over 300,000 staff members, the potential for accidents were very high. Hence Tesco was looking for ways to use their risk and insurance data to quickly identify the root cause of accidents, target loss prevention initiatives and make more precise risk-financing decisions. "We looked at several risk management systems and decided on Ventiv's RiskConsole. This was because of the stability and work-man-like nature of the system," says Neil Almond, Systems and Data Manager in the Insurance Risk Team at Tesco PLC. The data and reporting capabilities from RiskConsole enabled the client to analyze all the elements of the claims lifecycle. "RiskConsole quickly showed us whether our initiatives have a positive effect or not," said Almond. This engagement with Ventiv significantly reduced the number of accidents the customers were having within the retail operation, which was previously the biggest driver for claims within Tesco. Unlocking InnovationVentiv's core values are decidedly client-centered. "We've become the company we are today by challenging our clients to reach new heights and accepting that challenge from our clients," notes Burns. "By listening to our clients--through client conferences, roundtables, account management portals and surveys--and working with them as a partner, we a r e trying to develop the best solutions that work seamlessly with their business. Going forward, Ventiv's biggest goal is to be the broadest and most integrated platform serving the risk and insurance market. The company is focused on expanding the solutions, developing deeper relationships and increasing their global footprint. "We will continue to make significant investments around the world to be global leader in risk, claims and safety space," affirms Burns. From the client's first contact with Ventiv, we focus on illuminating all facets of their technology deploymentA
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