Guidewire Software, Inc. and VIP Software announced that VIP Software's new Ready for Guidewire validated accelerator is now available to ClaimCenter users in the Guidewire Marketplace. VIP Software is a leading billing and vendor management platform that helps insurers proactively manage loss costs and reduce claims leakage through automation and analytics. Its BAP??

solution enables insurers to automate the creation and approval of vendor invoices, auditing all invoices against fee schedules. It also automatically allocates all loss adjustment expenses to the proper claim files. With the VIP Software BAP Accelerator for ClaimCenter, insurers can: Reduce manual processes with automatic data transfer between ClaimCenter and VIP Software; Automatically create vendor invoices leveraging contracted fee schedules to facilitate accurate, quick payment and prevent late loss cost development; and Improve straight-through-processing, leading to reduced operational costs.

VIP Software can also serve as a conduit, connecting multiple systems and further streamlining vendor management processes for insurers.