US-based LSG Insurance Partners has purchased and deployed Altair Engineering's HiQube simulation-driven business intelligence and data analytics solution.
With the deployment, LSG already has slashed the time required to prepare and broadcast dynamic reports for its sales team from as much as five days to now just minutes, claims Altair.
HiQube is allowing LSG Insurance to produce dynamic reports that are visually richer, with graphics and capabilities to drill down to core-level data for deeper insights, said the technology provider.
According to Altair, with its analytics solution any authorized LSG employee can create a customized report, with the specific information they need, in only a few minutes.
HiQube now has automated the development of IT staff prepared reports. It replaced the manual process involved in access with near-instantaneous data retrieval from the SQL database.
LSG Insurance Partners senior vice president Todd Preston said HiQube is helping them serve their customers better and more efficiently, and it differentiates them from competitors.
"Our reporting is more streamlined, reliable and consistent; and the time we save in compiling and reviewing reports translates to more time that we can spend with our clients, offering them advice based on up-to-the-minute data," Preston added.