IRYS Insurtech

🌟 Unlocking the Back Office: Accounting Transformation in Insurance Distribution! 🌟 In the latest Irys-sponsored episode of Insurance Unplugged, Lisa Wardlaw sits down with Tammy Coley, Chief Transformation Officer at BlackLine, to discuss how modern finance teams can break free from outdated processes and embrace AI-driven solutions. Tammy shares powerful insights on transforming the back office, elevating the role of finance, and driving efficiency across insurance distribution. 🌐 Key Takeaways from Tammy Coley’s Vision: 1️⃣ Breaking Free from Manual Drudgery Outdated, labor-intensive accounting methods are holding teams back. BlackLine’s platform offers a path to reduce manual efforts by up to 75%, allowing finance professionals to focus on strategy, not spreadsheets. 2️⃣ End-to-End Optimization BlackLine delivers a comprehensive digital transformation for the office of the CFO. By redesigning processes instead of automating bad ones, finance teams can achieve lasting accuracy and scalability. 3️⃣ Smarter Reconciliations with AI BlackLine’s Transaction Matching uses advanced AI to handle complex reconciliations with precision. From raw data enhancement to exception handling, this tool saves time, reduces errors, and improves efficiency. 4️⃣ AI Applications in Accounting From variance analysis to anomaly detection, BlackLine leverages AI to empower finance teams. These tools transform large datasets into actionable insights, reducing tedious manual reviews. 5️⃣ Real-World Impact in Insurance Distribution BlackLine’s solutions tackle specific challenges like commission reconciliations, cash application, and write-off management. By leveraging these tools, insurers can streamline operations and ensure accurate payouts, cash flow forecasting, and exception handling. 6️⃣ Start, Stop, Continue Framework Tammy’s advice for finance leaders: Start: Taking small, actionable steps toward digital transformation. Stop: Relying on outdated, manual processes. Continue: Elevating the role of finance and accounting in driving business success. 🔄 Why This Matters: Modernizing accounting isn’t just about efficiency—it’s about unlocking the potential of the back office to support growth, enhance decision-making, and drive innovation in insurance distribution. 🎧 Ready to discover how to transform your back office? Tune in to the full episode with Lisa and Tammy now! 👉 Listen here https://lnkd.in/eUMhu-jq #IRYSInsurtech #AccountingTransformation #InsuranceInnovation #DigitalFinance #InsuranceUnplugged #FinanceTransformation #BackOfficeEfficiency #AIinAccounting #InsuranceDistribution

🌟 The Data Revolution: Democratization and Next-Gen Solutions for 2025 🌟 Denise Garth's insights have arrived in Majesco’s 2025 trend predictions spotlight a game-changing shift: The Democratization and Demonetization of Data. Coupled with the rise of next-gen data providers, this trend is breaking down barriers and transforming the insurance industry. 🔑 What This Means for Insurance: Data access has long been plagued by siloed systems, high costs, and limited usability. Now, next-gen approaches, like data mesh architecture and blockchain, are empowering enterprises to: Distribute data ownership for better scalability and governance. Create domain-oriented data offerings that are queryable and actionable in real-time. Eliminate redundant costs caused by outdated third-party models. 💡 Irys: At the Forefront of Trend 5 Irys is proud to be part of this quiet revolution. As a next-gen data provider, we’re delivering solutions that make democratized data a reality: Embedded AI/ML and analytics within workflows to make data actionable. Blockchain-backed secure and transparent data exchanges. Low-to-no ETL integrations that eliminate inefficiencies and boost agility. 🎯 Why It Matters: Democratized data and next-gen tools are critical to: Reduce operational costs tied to traditional data providers. Enable smarter decision-making through real-time insights. Foster innovation with scalable, secure, and accessible data ecosystems. 📈 2025 is the year to embrace a new way of managing and leveraging data. At Irys, we’re leading this transformation, helping insurers unlock the full potential of democratized data and next-gen solutions. Read more here: https://buff.ly/3OWBgYd #DataDemocratization #NextGenData #InsuranceInnovation #Blockchain #DataMesh #Insurtech

🚀 How is Irys shaping the future of insurance technology? Gartner’s 2025 Strategic Technology Trends outline a bold vision for the next wave of transformation—AI autonomy, tamper-proof systems, hybrid computing, and more. These trends are not just theoretical; they are essential. 🌟 Irys is delivering on this vision today. Our latest blog, “The Future of Tech: Gartner’s 2025 Trends and How Irys is Redefining the Insurance Ecosystem,” explores: ✅ Tamper-proof AI for trust and transparency. ✅ Federated agentic AI to power dynamic, cross-enterprise decisions. ✅ Hybrid computing for scalable, resilient performance. ✅ Dynamic data exchange to activate the entire insurance value chain in real time. 💡 What’s in it for you? Whether you’re streamlining post-M&A operations, modernizing workflows, or scaling AI securely, Irys provides the tools to lead confidently in a complex digital ecosystem. 🔗 Read the full blog to see how Irys is bringing Gartner’s vision to life: https://buff.ly/4iVWMdN #Insurtech #Gartner2025 #AI #FutureOfInsurance #DigitalTransformation

📢 Don’t Miss Out: How AI is Revolutionizing Insurance Accounting, Reporting, and Analytics Join Lisa Wardlaw, Lindsey Strong, CIC, and Margeaux Giles on January 16, 2025, for an insightful LinkedIn Live event where we’ll explore: 🔍 How AI is streamlining accounting and reporting workflows. 📊 Transforming analytics into actionable insights for smarter decisions. 🤖 Tackling legacy system challenges with AI-powered solutions. Our panel of industry experts will dive deep into the practical applications of AI, sharing strategies to drive innovation, boost efficiency, and stay ahead in a rapidly evolving market. 💡 If you’re ready to: Break down data silos. Elevate reporting accuracy. Gain an edge with predictive analytics. This is the session you won’t want to miss! 🗓 When: January 16, 2025 📍 Where: Right here on LinkedIn ⏰ Time: 11:00 AM EST 🔗 Register: https://buff.ly/3OKRfsw Let’s transform challenges into opportunities together. Mark your calendar and join the conversation! #AIInInsurance #InsuranceInnovation #Insurtech #DataTransformation #FutureOfAccounting

🌴 Irys + Florida: A Winning Partnership 🌴 Last week, InsurTech Florida 2024 brought together the best minds in insurance innovation to explore the future of our industry—and as an annual sponsor, we were proud to be part of it. Our commitment to Florida's insurtech ecosystem goes beyond sponsorship. With Margeaux Giles joining the board of InsurTech Florida, Irys is doubling down on our dedication to supporting the Sunshine State's innovation and growth. 🚀 The event featured inspiring discussions from industry leaders like: ✨ Werner E. Kruck, President & CEO of AAIS ✨ Brandon D., Chief Revenue Officer of HOMEE, Inc. ✨ YOGESH KHADILKAR, VP, Digital Transformation & CX of AAA Each speaker showcased how innovation is transforming the way we deliver value to policyholders and streamline operations—a mission close to Irys's heart. At Irys, we’re laser-focused on empowering insurance distribution organizations with solutions that drive efficiency, foster collaboration, and embrace the future of AI-driven workflows and dynamic data exchange. Florida’s vibrant insurtech community continues to inspire us, and we’re thrilled to grow alongside it. Here's to even more innovation and collaboration in 2025! 🌟 #InsurTechFlorida #Innovation #InsuranceTransformation #Insurtech #IRYS

🌟 Feature Friday: AI-Powered Reporting and Analytics 🌟 At IRYS Insurtech, we’re reimagining how businesses interact with data. Here’s what sets our AI-powered reporting and analytics apart: 🌐 Real-Time Insights: Get immediate access to forecasts, anomaly detection, and critical insights – no need to prompt. 🌐 Configurable Dashboards: Fully customizable views tailored to your needs, giving you a clear picture of what matters most. 🌐 Talk to Your Data: Harness the power of GenAI to ask natural language questions and get actionable answers – transforming decision-making. 🌐 Cross-Departmental Power: Whether it’s sales, service, accounting, or executive operations, our solution seamlessly connects insights across teams. 💬 Why settle for static reports when your data can have a conversation with you? #FeatureFriday #AI #Analytics #IRYSInsurtech #GenAI #DataTransformation

🌟 Mastering Data and AI: Building Blocks for Insurance Transformation! 🌟 In the latest Irys-sponsored episode of Insurance Unplugged, Lisa Wardlaw sits down with James Berrocal Sizemore, Chief Strategist for Insurance at Informatica, to explore the transformative power of Generative AI (GenAI) and Master Data Management (MDM) in driving innovation across the insurance landscape. Together, they dive into actionable strategies for leveraging AI effectively while ensuring data remains a reliable foundation. 🌐 Key Takeaways from James Sizemore’s Vision: 1️⃣ GenAI vs. Traditional AI: The Differentiator GenAI adds a “voice” to data, producing original insights and transforming decision-making across insurance operations. 2️⃣ MDM as the Cornerstone AI is only as effective as the data fueling it. MDM consolidates fragmented records into a single, reliable version of truth—essential for reducing inefficiencies and unlocking opportunities like cross-sell/upsell. 3️⃣ AI-Powered Data Management Tools like Informatica CLAIRE automate data quality monitoring, mapping, and governance, allowing insurers to eliminate manual inefficiencies and achieve real-time, dynamic data quality. 4️⃣ Practical Use Cases for AI GenAI is revolutionizing areas like automated underwriting, personalized customer journeys, and data-driven cross-sell strategies. These applications enhance efficiency, customer retention, and lifetime value. 5️⃣ Horizon Planning for AI Success Start with strong data governance and foundational steps before scaling to advanced AI initiatives. Building the right foundation today enables transformative results tomorrow. 🔄 Why This Matters: From underwriting to claims and distribution, GenAI and AI-driven MDM are no longer optional—they’re essential for any insurer aiming to thrive in a rapidly evolving market. 🎧 Ready to uncover how to transform your insurance operations with data and AI? Tune in to the full episode with Lisa and James now! 👉 Listen here https://buff.ly/4grxzFQ #IRYSInsurtech #GenAI #InsuranceInnovation #MasterDataManagement #AIinInsurance #InsuranceTransformation #DigitalTransformation #InsuranceUnplugged

🚀 AI's Impact on the Future of Insurance 🚀 KPMG’s latest report highlights how AI is transforming the insurance industry, with significant improvements in operational efficiency, customer engagement, and fraud prevention. 📊 Key insights from the report: 🚀 53% of insurance executives report that AI has helped them improve customer engagement. 🚀 68% of insurers expect AI to improve claims processing speed by over 20% within the next 3 years. 🚀 AI is projected to reduce underwriting costs by up to 20%, offering a significant opportunity for operational cost savings. 🚀 59% of insurers are focusing AI investments on enhancing fraud detection, with a 15-20% reduction in fraud rates reported by early adopters. 🚀 45% of insurers say that AI is already enabling more accurate risk assessments, leading to more tailored and competitive pricing. 💡 Irys’s AI approach: We're leveraging AI to drive efficiencies across all aspects of insurance operations—whether it’s automating routine tasks, improving fraud detection, or enhancing customer interactions. Our AI-driven solutions are built to help insurers reduce costs, increase accuracy, and provide faster services to customers. 🔗 Read the full report in the comments! #AI #InsurTech #InsuranceInnovation #Irys #AIinInsurance #TechForGood #DigitalTransformation

💡 How AI is Revolutionizing Accounting, Reporting, and Analytics in 2025 💡 Irys is excited to kick off the new year with a LinkedIn Live event focused on one of the most transformative topics today: How AI is transforming accounting, reporting, and analytics. 📅 Date: January 16th, 2025 ⏰ Time: 11:00 AM EST 📍 Where: LinkedIn Live 🔗 Register: https://buff.ly/3OKRfsw Join Lisa Wardlaw, Lindsey Strong, CIC, and Margeaux Giles as they share their insights on the impact of GenAI in reshaping the financial and insurance landscapes. From streamlining processes and improving accuracy to unlocking new levels of strategic decision-making, this conversation will dive into AI’s growing influence on accounting and reporting workflows. Here’s what we’ll discuss: 🔹 Real-world AI applications driving compliance, innovation, and performance 🔹 The evolving role of finance professionals in an AI-powered world 🔹 Concrete examples of how AI is transforming decision-making and operational efficiency This is a must-attend for anyone looking to stay ahead in the evolving intersection of finance, AI, and insurance technology. 📝 Save the date, and let’s kick off 2025 by shaping the future of finance together! #AI #Accounting #Analytics #Innovation #InsuranceTech #IRYSInsurtech #FutureOfFinance

🎉 Big News: Irys CEO Margeaux Giles Joins InsurTech Florida Community Board! We’re thrilled to share that our CEO, Margeaux Giles, has been appointed to the InsurTech Florida Community Board! This marks an exciting step forward in Irys’s commitment to driving innovation, creating jobs, and fostering growth in the Sunshine State. Read More https://buff.ly/4g0C8Hu 🌞 Why Florida? As Margeaux says, “Florida is more than a market for Irys—it’s home.” Her leadership on the board aligns perfectly with Irys’s vision of transforming the insurance industry through cutting-edge technologies like AI and blockchain, while also supporting local talent and economic development. 📈 What This Means for Florida: More collaboration with insurers to streamline workflows and improve operational efficiency. Job creation through innovative technologies and partnerships. A focus on positioning Florida as a global insurtech leader. Read more about Margeaux Giles joining the board here: https://buff.ly/41r56fe 💡 Don’t Miss This! InsurTech Florida is hosting an event to drive meaningful discussions on insurance innovation: 📅 December 10, 2024 | "RISE: The Future of Insurance Innovation" 👉 Register now: https://buff.ly/49sRe5R! Join us in celebrating Margeaux’s appointment and Florida’s bright future in insurance innovation. Together, we’re shaping the next wave of industry transformation! #InsurTechFlorida #Innovation #Leadership #FloridaTech #Irys