Synergy Strategic Solutions Limited, a global management consulting company with the prime focus on the Insurance industry, won the prestigious Technology Excellence Award for Robotics – Financial Services.
The award-winning solution, ASTRA, is a process transformation model comprising of business due diligence framework and automation accelerators. ASTRA was successfully deployed to automate various processes in Insurance companies across Asia. ASTRA enabled the insurers in achieving an efficiency rate of 70% in straight-through processing and in reducing errors by facilitating electronic transactions. This translated into cost savings for the Insurers.
Instituted by Hong Kong Business, Technology Excellence Awards (TEA) honors the enterprises that have used technology in creative ways towards the improvement of processes, products, and services.
Synergy’s ASTRA Framework enables Insurance companies to enhance overall efficiency and is successfully being used by multiple clients in Hong Kong, India, Japan and Indonesia.