Freight Insurance & Claims Settlement

Challenges Faced

The biggest nightmare for any logistics company is when their trucks get involved in an accident or one of their transit parcels get stolen or damaged. Most logistics companies these days have a freight insurance partner for managing their claims and settlements.

Standardized claim handling should be a norm across company branches. The transportation & cargo insurance claim recording, review, approval & processing should be done in a systematic manner. The claims module should be integrated with the financial accounts module so that the quick claims can be processed in a very short time.

Ripples FMS Freight Insurance & Claims Module

Being in transportation & logistics industry, it is important to have an internal comprehensive insurance & claims software module as part of your logistics operations. This module should handle & report all types of logistics & transport related insurance, claims, and issues reliably. 

The insurance & claims module in Ripples-FMS logistics ERP solution offers powerful features to improve the speed and efficiency of insurance & claims management. The insurance module allows authorized users to collaborate easily, in real-time, to build and process each insurance claims in logistics. Claims module is designed to capture issues like accidents, fines, breakdowns, thefts; damages, etc and record it in the system.

 The thefts and tampering during transit can be tracked using our wireless sensors. Another of sensors can also be used to detect pilferages in case of transportation of fluids and environment conditions of the items in transit.  Custom user dashboards, graphs, and drill-down reports can assist in getting live status of the claims to be settled