New CCC features address total loss, salvage processes

Jan. 1, 2020
SAN ANTONIO — CCC Information Services Inc. has developed the new CCC Valuescope Salvage Management Solutions that features a data-driven decision support tool to assist with the workflow associated with the total loss and salv

SAN ANTONIO — CCC Information Services Inc. has developed the new CCC Valuescope Salvage Management Solutions that features a data-driven decision support tool to assist with the workflow associated with the total loss and salvage processes. The announcement was made at the American Salvage Pool Association Conference.

Salvage workflow is primarily a manual process that combines an adjustor's experience, an insurer's guidelines, manual data entry processes and static formulas.

"This integrated solution is expected to provide an easier, faster way to aggregate information to make a more informed total loss decision," says Debbie Day, senior vice president of marketing and product management at CCC. "A matrix is provided that leverages CCC Pathways appraisal data along with the vehicle's anticipated cash value. Since this is a seamlessly integrated process, users do not need to re-key information when communicating with salvage vendors."

Included in CCC's salvage offering is a Salvage Assignment and Workflow feature, so instead of having to make phone calls to a salvage vendor for assignment, the feature can send an assignment to a salvage vendor at any point during the claims handling process. Users can also receive updates to determine the status of the salvage disposal, as well as notification of salvage disposition that includes gross returns, additional charges and other fees.

As a capstone to the Assignment and Workflow feature, users can utilize the CCC Intellisphere Reporting Solution to measure salvage process efficiencies throughout the life of the claim.

"CCC is addressing a long-existing market need by integrating key data points and offering an efficient assignment and workflow solution," says Day.

For more information about CCC Information Services visit our www.cccis.com or contact John Harris of CCC at (312) 229-2693.

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