Beyontec Celebrates 10 years of Success

Beyontec, a leading technology solutions provider for the insurance industry, completes 10 years of success in business this September. To commemorate the achievements and to appreciate the loyalty shown by customers and contribution made by employees, the management of Beyontec plans to celebrate the occasion. 

Started in 2008 by five passionate individuals who have more than 100 years of combined industry experience, Beyontec has come a long way in becoming a reliable IT partner for many leading insurers globally. The in-depth knowledge and experience helped the founders design comprehensive solutions to fulfill the unaddressed needs of insurers across different functional lines. 

The flagship solution, the Beyontec Suite, is the culmination of several years of research and development by the team. Apart from automating the policy administration processes of General, Health and Life Insurance, this core solution also helps clients with regulatory compliance, while exceeding the ever-changing expectations of their customers.

Earning client’s trust being their top priority, Beyontec has taken every step possible to offer optimal solutions, to bring down the turnaround time and save on costs. A recent milestone for Beyontec was the introduction of accelerator solutions in 2017 that fills the gap in the existing core system, without replacing them. Today these accelerators are applied by many insurers to improve business performance and increase customer loyalty and retention. 

Working with latest digital technologies such as Artificial Intelligence, Machine Learning, Robotic Process Automation (RPA), Natural Language Processing (NLP), and Optical Character Recognition (OCR), Beyontec is helping insurers meet the future demands of their industry. The latest from the Beyontec’s stable is the pre-configured Robotic Process Automation Bots that can automate repetitive processes of insurance business and help them become more customer-responsive, freeing up their resources from mundane tasks.

From one customer in 2008, Beyontec today has more than 42 trusted customers across America, Asia, and the Middle East.  “The last ten years have been an amazing journey in the history of Beyontec,” said Vivek Sethia, cofounder and CEO at Beyontec USA. “As we mark the 10th year of our success, we are able to roll out new capabilities that we could hardly imagine about a decade ago. The faith that our customers have put in us, is proof that all the focus, dedication and hard work we have invested over the past ten years, has paid off. We are very thankful for what we have been able to achieve and hope to serve the insurance industry in a bigger way, in the future.”