Web app
Boogie
Velos is an AI automation platform that replaces outsourced labor for commercial insurance and finance teams. It automates manual processes like data entry, bordereaux, and policy servicing, providing faster, more accurate, and scalable operations.
- Platform
- Web app
- Categories
- —
- Indexed
- 2024-02-19
About Boogie
What is Velos
Velos is an AI-powered automation platform designed to handle back-office processes for commercial insurance and finance teams. It replaces traditional BPO (Business Process Outsourcing) with software that learns the nuances of your processes and turns them into auditable workflows using AI and code. Velos is built for sensitive data and high-volume processes, offering security and scale at its core. It aims to bring outsourced insurance processes back under control by providing faster, cheaper, and more scalable solutions.
Key features
Velos offers several key features:
- Speed: It learns the nuances of your process and turns them into auditable workflows, enabling work that used to take days to move through in minutes.
- Guaranteed accuracy: Velos tests against your real data, learns edge cases, and follows your business rules, achieving high accuracy (e.g., 98% accuracy in a case study).
- Scale without headcount: When volume spikes, Velos handles more work without growing an outsourced team, avoiding the linear cost increase of BPOs.
- Real-time visibility: It provides real-time visibility into every outcome and exception, allowing you to monitor processes closely.
Use cases
Velos is used by commercial insurance carriers, wholesalers, and MGAs to replace BPOs or delay hiring for processes such as bordereaux, policy servicing, premium reconciliation, and more. It also works with financial and professional services like Private Equity and fractional CFOs who are AI-curious. The platform automates data entry, bordereaux, policy servicing, billing & invoicing, loss reserving, and month-end close. A case study highlights how Velos automated a complex bordereau process for a company, reducing reporting time from a week to a day with 98% accuracy and no added headcount.
Pricing
The page does not provide specific pricing information. It encourages users to book a strategy call to discuss their needs and get started.
Questions
Boogie FAQ
- What is Boogie?
- Boogie is an AI tool available as a web app. Velos is an AI automation platform that replaces outsourced labor for commercial insurance and finance teams. It automates manual processes like data entry, bordereaux, and policy servicing, providing faster, more accurate, and scalable operations.
- Is Boogie a web app, an extension or a native app?
- Boogie is a web app.
Listed in the AITOOLIST index since 2024-02-19.