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 successfully brings together an insurance company’s auto damage claim with the body repair shop in an efficient manner that significantly reduces costs for both.
The goal of this business plan is to acquire capital investment so that CollisionSyzygy can escalate its time-proven business strategy and processes to a level that will reach more of the available market. Time is a critical factor. CollisionSyzygy can be up to a year ahead of its rivals in technological advances that produce the efficiency in collision claims processing that results in profits 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. Because of the high volume transaction costs, it will be difficult for smaller insurance companies to make a profit without outsourcing collision claims.
CollisionSyzygy’s main selling point is its full-spectrum claims processing service. This includes fast transaction clearance, as well as a national and international marketplace of buyers. Many competitors limit or specialize in services because of inadequate technology; CSI uses technology to offer all available services.
CollisionSyzygy remains a working company. William Smith is the company’s leader. He has 18 years of experience in insurance adjustment and collision repair.
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.
Various proprietory software programs and CollisionSyzygy’s multi-platform reporting capability promise to make CSI a formidable leader in generic services.
The company is currently in a profitable position. With the new investment, CollisionSyzygy should be able to achieve (lofty) sales for the 12-month period of Year 1. (staggering) profits are expected before income taxes. With (skyhigh) pre-tax profits of, sales should skyrocket in two years. After-tax profits must be (breathtaking). The following chart shows the after-tax earnings.
1.1 Keys for Success
- Vast experience in the industry as Chief Executive officer.
- CollisionSyzygy remains the only company within the U.S. To provide generic services for insurance companies. Large insurance companies used to handle claims processing.
- CollisionSyzygy is almost two years ahead of most competitors in the development of the proprietary software necessary to allow insurance carriers to administer their claims processing. Auto Claims Technology CollisionSyzygy’, which provides claims management software and reporting to insurance companies and repair shops, is CollisionSyzygy’s special software. This will make it difficult to find competitors in the market, as CollisionSyzygy is already a major player.
- CSI’’s ever-growing network comprises over 100 repair shops.
- With ACT software already functional, CollisionSyzygyis just a website away from offering its connectivity between insurance companies and repair shops over the Internet.
- As more repair shops join CSI they can grow their business while maintaining competitive pricing, high quality repairs and a high standard of customer service.
- Windows(r-based) proprietary software is a great way to enhance customer service. This software quickly and accurately generates a cost estimate. This allows the repairshop to spend more with customers and take less time creating estimates. Thanks to the database resource, the insurance company can make cost estimates more accurate.
Another software program quickly transmits necessary estimates, photographs, and other claims submission materials to the insurance carrier.
1.2 Mission
CollisionSyzygy, Inc., the only US company that offers a low-cost, generic way to process, administer, and resolve auto insurance claims, is CollisionSyzygy, Inc. CollisionSyzygy is a high-tech, proprietory process that uses software and high technology to route insureds’ claims from the insurer to the right repair shop. This process will guarantee that insureds receive high-quality, warranted repairs. CSI manages the entire process and provides comprehensive reporting to the insurance carrier. CollisionSyzygy aims to make the claims process more efficient for every participant, in a way that is distinctive from its competitors.
The result of CollisionSyzygy’s high technology process is–
An company which has made a claim
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- Is processed in a fraction of the time used in traditional, in-house methods; the claimant receives repair shop location at the time of filing the claim.
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Results in drastically reduced costs to the insurer:
- Thousands of dollars saved on indemnity payments.
- All repairs made by CollisionSyzygy’#8217 members are automatically discounted at five percent
- It is possible to reduce the loss adjustment costs by a significant amount.
- Administrative expenses reduced.
- You can control the cost of repairs.
- You can avoid expensive auto storage by having a rapid claim resolution.
- CollisionSyzygy schedules random spot quality checks for member shop repairs to ensure that quality and necessity are met. CollisionSyzygy inspections may deem repairs unnecessary and require members to reimburse the cost of repairs.
- With the minimum amount of capital restrained, insurance reserves can quickly be released for use in other claims.
- With the CollisionSyzygy internet service, insurance companies will soon have the ability to get true salvage values rather than estimates.
- Provides insurer with access to comprehensive management reports detailing all underwriting activity, repair and resolution activities.
- Is guaranteed for the life of the repair at all participating CollisionSyzygy repair facilities.
A customer/claimant that:
- Lower insurance premiums are possible because of lower insurance costs.
- I was amazed by the speedy resolution of an auto accident claim.
Also, member repairshops that are:
- It is possible to focus resources and time more on quality repairs or service than expensive marketing.
- CollisionSyzygy’s multi-platform software interface offers a simplified process for claim estimation. It takes only minutes to create claims estimates, which saves customers time and allows them to serve more customers.
CollisionSyzygy utilizes a managed body repair process, similar to how the Health Management Organizations (HMOs) have tried to limit costs in the healthcare industry. The exception in this analogy, however, is that cost efficiency is achieved by eliminating unnecessary elements of the traditional claims process, rather than by eliminating necessary repair procedures or parts.
Claims processing can only be profitable when it is done in large quantities. It’s difficult for smaller insurance companies that run profitable claims operations to do so. CollisionSyzygy developed a claims process formula that will allow smaller companies to manage and profit from claims, while also increasing the margins at larger companies.
1.3 Objectives
CollisionSyzygy From June 1, 2000 to May 31, 2001:
- You can earn pre-tax income of from (incredible) and splendid% net income.
- For claims processing, capture and control at least ten large and medium-sized insurance company accounts. Market share will rise to 60 companies before the end of Year 2. The total target market is currently comprised of around 2,600 insurance companies.
- Promote name branding of CollisionSyzygy so that a minimum of 220 repair shops become certified members of the company’s program. This number should rise to about 2,000 repair shops as a result of CollisionSyzygy’’s Year 3.
Implementation of unique programs and technologies not yet available on the market.