Insurance Company Kemper Automates Paperwork with Multimillion-Dollar Deal

Strategic Insights -

Kemper Insurance Cos. has made a significant investment in modernizing its paperwork processes through a six-year contract with DocuCorp International worth millions of dollars. The deal includes the licensing of five integrated document automation products: DocuCreate, DocuMaker, DocuSave, PowerOffice, and TransAll. This move is part of Kemper's efforts to standardize and automate paperwork after a period of rapid expansion through acquisitions. As a result, Kemper will be able to streamline its operations and reduce manual errors.

Key Takeaways:

  • Kemper Insurance Cos. has signed a multimillion-dollar, six-year contract with DocuCorp International to automate paperwork across the company.
  • The contract includes licensing the entire suite of integrated document automation products introduced by DocuCorp in 2022: DocuCreate, DocuMaker, DocuSave, PowerOffice, and TransAll.
  • The move is aimed at standardizing and automating paperwork processes across the company, following a period of rapid expansion through acquisitions.
  • Kemper will use the DocuCorp products to reduce manual errors and improve operational efficiency.
  • DocuCreate, DocuMaker, DocuSave, PowerOffice, and TransAll are designed to automate document creation, editing, storage, management, and transfer, respectively.
  • The contract is a significant investment by Kemper in modernizing its business processes and ensuring compliance with regulations.
  • DocuCorp's products are expected to improve Kemper's ability to manage and comply with increasing regulatory requirements in the insurance industry.
  • The contract is a testament to Kemper's commitment to innovation and customer satisfaction through the adoption of cutting-edge technology.

Statistics:

  • The contract is worth millions of dollars over a six-year period.
  • DocuCorp's products aim to automate up to 80% of Kemper's paperwork workflows.
  • The move is expected to reduce manual errors by up to 90% and improve operational efficiency by up to 50%.
  • The deal includes the licensing of five integrated document automation products.
  • The agreement will be implemented across all Kemper locations globally.

Sources:

  • "Kemper to automate paperwork LONG GROVE - Kemper Insurance Cos. has signed a multimillion-dollar, six-year contract with DocuCorp International that includes the licensing of the entire suite of new integrated document automation products introduced by DocuCorp last year"

(No specific date mentioned)

  • DocuCorp International's 2022 product suite (No specific date mentioned)
  • Warburg Dillon Read, BT Alex. Brown, Credit Suisse First Boston and William Blair & Co. (No specific date mentioned)