Aureus helps insurers and law firms improve efficiencies by automating processes and building an evolving infrastructure. Aureus’s eDiscovery and document management system, Anvesa®, focuses on predictive tagging, concept search, and topic modeling while ensuring the privacy and security of huge volumes of data.
“The legal industry handles large amounts of data as part of the litigation process,” says Shannon Reed, VP of Product Development, eDiscovery Solutions for Aureus Tech Systems. “Mining through that data is the primary contributor to litigation hours. This is where Anvesa® comes in.”
Based on keyword searches, Anvesa® refines and reduces the number of documents that the attorney has to review, thereby reducing the hours spent on eDiscovery. Technology makes attorneys and law firms more efficient, and the time and cost savings benefit law firm clients and society at large.
This process is also useful in the insurance industry, where eDiscovery can identify, for example, the frequency of earthquakes in an area. In this instance, Anvesa® takes 200 years’ worth of data and layers it on top of a global world map to determine past earthquake activity and make predictions for the future, which can impact insurance decisions as well as initial purchasing decisions for a consumer or business.
“When attorneys can spend less time going through documents, they can focus on the case and keep costs down,” says Reed.
Aureus transformed the company’s outdated CRM system into a cloud-native Customer Engagement Management Platform that integrates internal and external data sources providing 360-degree customer/broker views. The platform shifted the company into a customer-first culture, resulting in greater customer experience, greater customer retention, and less time pushing paper, meaning more time to focus on quality tasks.
We can reduce the cost of overhead for the insurance company in every step of the process
Aureus also educates its customers so that they aren’t dependent on a specific partner
“A digital solution should evolve as the business grows and evolves, which is why we empower companies to adapt Anvesa® as their needs change,” says Aureus COO Abhishek Pakhira. Further, with Anvesa®, the company is democratizing the litigation and insurance industries, enabling smaller firms to function seamlessly and affordably. This allows small firms to take on larger cases and/or access state-of-the-art technology for clients regardless of what they can pay.