Finding gaps in your tech stack can be an arduous process, but once you have completed your research and identified the most troubling gaps, it’s time to restructure your system to optimize your investment.
One of the quickest way to get more out of your technology is to prioritize integrating systems you already possess, rather than adding yet another solution to fill a gap.
Advantages of integration
There are several advantages to integrating existing systems, including data integrity, improved access, and more effective collaboration.
Data integrity
Data integrity may be the most critical advantage to integration when it comes to the title insurance industry.
When thinking about how data flows into a title platform, the goal should be to have what is known as a single source of truth. Instead of loading repetitive data into multiple portals, integration consolidates data from multiple sources into one view. This reduces manual data entry, therefore reducing errors and inconsistencies, and improves functionality.
Improved access
Every department in a title insurance company needs access to the data that flows into the title system. When systems are successfully integrated, access to data is more seamless as each department strives to accomplish its goals, whether that is completing the details of a single transaction or fulfilling its role in accomplishing the overarching business plan for the year.
Enough cannot be said of the efficiencies that can be gained by consolidating information through integration. Switching back and forth between a multitude of applications is inefficient at best and energy draining and dysfunctional at worst.
Collaboration
We’ve all had the experience of the right hand not knowing what the left hand is doing in a title insurance company. So much of the work traditionally existed in silos that were not in regular communication with one another.
Integration breaks down silos and creates the opportunity for instantaneous and panoramic views of what is happening. Instead of blind decision making based on lack of knowledge and understanding of what is really happening, teams can now communicate more easily and collaborate with one another as they work towards a common goal.
Ultimately, integrating your systems can give you a significant competitive advantage on a number of levels.
Most notably, it opens the door for more significant process automation, which ensures the work you do for your customers is going to be far more efficient and timely.
And when everyone in the company is on the same page with routine access to information, your customers are going to receive consistent communication from everyone they come into contact within the agency.
At VizionX, we know that your title production system (TPS) needs to provide the flexibility and adaptability you need for your unique tech stack. Our goal is to help your title company operate at a peak level through improved and streamlined technology. Contact us today to learn how we can assist you.
