Oak Core System

The power of technology blended with insurance operations to transform legacy systems to a well structured, accurate and flexible Service Oriented Architecture (SOA) framework to expand market size, improve the customer experience across markets and gain bird’s eye-view of the organization, enabling agile decision making to CXOs through enhanced analytics.

Payoda offers packaged software solutions which are flexible and scalable for specific needs. We provide comprehensive end-to-end core functionality integrating marketing, underwriting, rate-making and claim handling departments and eliminating interoperability issues which are typically the prominent characteristics of multi-vendor environments.

Oak system provides a closed-loop feedback mechanism to measure and improve business performances. The system records every transaction, processes granular data and delivers the information needed to understand the behavior of all system users; from the customers to underwriters and claim handlers, thereby enabling continuous work-flow improvement and sustained cost control efforts.

Oak Framework

Oak web integrator simplifies business. The following facilities rendered by Oak web integrator helps in the same.

  • Simplify and automate processes
  • Increase productivity via seamless integration between all the lines of business
  • Speed up quote generation, claims processing, policy generation and reduce cycle times through centralized access to the database.
  • Customizable to allow various levels of access
  • Enhance time-to-market
  • Offer more competitive pricing
  • Increase accuracy in policy generation and claims handing
  • Improve reaction-time to customers
  • Reduce operational and IT costs without compromising on efficiency