Agency Matrix vs BriteCore

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Our analysts compared Agency Matrix vs BriteCore based on data from our 400+ point analysis of Insurance Software, user reviews and our own crowdsourced data from our free software selection platform.

Agency Matrix Software Tool

Product Basics

Agency Matrix, a comprehensive software solution from Zywave, excels in managing various tasks essential to insurance agency operations. It is particularly well-suited for small to mid-sized insurance agencies seeking to streamline their workflows, enhance customer service, and improve overall efficiency. The software offers a range of benefits, including robust client management, policy tracking, and automated marketing tools, which help agencies maintain organized records and foster client relationships.

Popular features of Agency Matrix include an intuitive dashboard, real-time reporting, and integrated communication tools, which collectively enhance the user experience. Users appreciate its user-friendly interface and the ability to customize workflows to fit specific business needs. Compared to similar products, Agency Matrix is often praised for its affordability and ease of use, making it a preferred choice for agencies looking to optimize their operations without a steep learning curve.

Pricing for Agency Matrix varies based on the size and specific needs of the agency, with options typically available on a subscription basis. For precise pricing details, it is recommended to contact SelectHub for a tailored quote.

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BriteCore is a cloud-based agency management suite that supports the digital and data needs of modern insurers. It speeds up policy processing with automated verifications, renewals and cancellations while maintaining regular audit logs. The billing and accounting module provides multiple secure payment methods with configurable automatic billing schedules. Its purpose-built dashboard aims to streamline agent workflows with accelerated quotations and metrics. It improves the customer experience with intuitive self-service portals, e-Signatures and multi-device accessibility.

Provides access to end-to-end claims processing, data dictionary, industry-specific raters and standard reports library. Users can choose to incorporate third-party extensions, develop customized modules or simply use prebuilt integrations. It secures client and carrier identity and provides data security through Multi-Factor Authentication (MFA).
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$69 Monthly
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$5,000 Monthly
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Tailored to your specific needs
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Product Assistance

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Product Insights

  • Enhanced Efficiency: Streamlines daily operations by automating routine tasks, allowing staff to focus on higher-value activities.
  • Improved Customer Service: Centralizes client information, making it easier to access and manage customer interactions, leading to faster response times.
  • Accurate Reporting: Generates detailed reports on sales, claims, and other key metrics, providing insights that help in making informed business decisions.
  • Regulatory Compliance: Ensures adherence to industry regulations by maintaining accurate records and providing audit trails.
  • Cost Savings: Reduces operational costs by minimizing manual data entry and reducing errors, which can lead to financial savings.
  • Scalability: Adapts to the growing needs of your agency, whether you are expanding your client base or adding new lines of business.
  • Data Security: Protects sensitive client information with robust security measures, reducing the risk of data breaches.
  • Enhanced Communication: Facilitates better communication within the team and with clients through integrated email and messaging systems.
  • Task Management: Organizes and prioritizes tasks effectively, ensuring that important deadlines are met and nothing falls through the cracks.
  • Client Retention: Helps in maintaining strong client relationships by providing tools for personalized service and follow-ups.
  • Integration Capabilities: Seamlessly integrates with other software systems, such as accounting and CRM tools, to provide a unified workflow.
  • Customizable Workflows: Allows for the customization of workflows to match the specific needs and processes of your agency.
  • Time Management: Tracks time spent on various tasks, helping to identify areas where efficiency can be improved.
  • Training and Support: Offers comprehensive training and ongoing support to ensure that your team can fully leverage the software’s capabilities.
  • Client Portal: Provides clients with a self-service portal where they can access their policy information and make updates, enhancing their experience.
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  • Save Time and Money: Completely automate daily maintenance and bookkeeping tasks with web-based tools and optimized workflows. 
  • All-in-one Solution: Avoid expensive third-party integrations with comprehensive core, digital and data management components connected via APIs. 
  • Accelerate Product Rollout: Produce insurance products faster with preset templates and rating modification tools. 
  • Improve Client Relations: Leverage digital experiences to provide more autonomy to both employees and customers with client portals, agent portals and mobile apps. Also supports custom tool development via API. 
  • Remote Access: Cloud-based platform ensures remote access from any authorized device with an internet connection and minimum disruptions via server downtime. 
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  • Client Management: Comprehensive client profiles with detailed contact information, policy history, and communication logs.
  • Policy Tracking: Real-time tracking of policy statuses, renewals, and expirations to ensure timely follow-ups.
  • Document Management: Secure storage and easy retrieval of important documents, including policy forms and client communications.
  • Automated Workflows: Customizable workflows to automate routine tasks such as policy renewals, claims processing, and client follow-ups.
  • Reporting and Analytics: Robust reporting tools that provide insights into agency performance, sales trends, and client demographics.
  • Commission Tracking: Detailed tracking of commissions earned by agents, with customizable commission structures and payout schedules.
  • Integrated Marketing Tools: Built-in email marketing and SMS capabilities to streamline client communications and marketing campaigns.
  • Accounting Integration: Seamless integration with popular accounting software like QuickBooks for efficient financial management.
  • Mobile Access: Mobile-friendly interface that allows agents to access client information and perform tasks on-the-go.
  • Customer Portal: Self-service portal for clients to view policy details, make payments, and submit claims online.
  • Lead Management: Tools for capturing, tracking, and nurturing leads to convert prospects into clients.
  • Task Management: Task assignment and tracking features to ensure team members stay on top of their responsibilities.
  • Integration with Carriers: Direct integration with insurance carriers for real-time policy updates and electronic submissions.
  • Security Features: Advanced security measures including data encryption, user access controls, and regular backups to protect sensitive information.
  • Customizable Dashboards: Personalized dashboards that provide a snapshot of key metrics and activities at a glance.
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  • Policy Management: Leverage best practice interface tools, flexible workflows and automated strategies to manage property and casualty (P&C) insurance products. Automatically process applications, renewals and cancellations with built-in business rules. Automatically populate forms and analyze risk data for underwriting. 
    • Endorsements: Identify out-of-sequence, future-dated and backdated endorsements. Edit coverage information, associated agency data and policyholder contacts. 
    • Audit Log: Automatically log transactions and review actions on policy issues. Create notes, reminders, external notifications and more for policy actions. 
  • Claims Management: Manage the entire claims lifecycle from first notice of loss (FNOL) to settlement. Provide client-specific portals for filing of FNOL. Automatically populate claims data with existing policy and contact information. Upload files and reports, track losses and dictate notes. 
    • Reserves and Payments: Tally reserves and payments after every individual claim. Drill deeper into payments and loss with additional data fields, including adjusting expenses and legal expenses. Track losses after every transaction. 
  • Billing: Digitize the agency’s billing and accounting processes with automated payment processing, document generation, premium accounting and reporting. Includes support for combined billing, agency billing and hybrid billing. Optimize workflows for processing invoices, renewal invoices, cancellations, insufficient funds, non-pay notices, reinstatements and more. 
    • Billing Schedules: Set up tailored billing schedules and payment methods for individual insureds. Determine who gets paid when, and how. 
    • Payment Methods: Accept payments via cash, card, check, credit card, ACH and money order. Set up automated withdrawals from trust accounts on a per-installment schedule. 
  • Product Definition: Define and rate insurance products in a no-code interface, Edit existing products and build entirely new coverages, rate quotes, underwriting rules, endorsements and forms. Create custom fees to accommodate state-specific regulations. 
    • Configuration Tools: Bulk-edit product definitions and issue updates seamlessly with built-in configuration tools. Review past versions and configurations and schedule dates for new rates. 
  • Rating: Supports manual and automated rating variables, factor-based rates, flat rates and table-based rates. Copy rules and rates directly from Excel documents. 
  • Agent Portal: Generate rate quotes tied in with the agency’s underwriting standards. Supports pre-integrations, data lookup and prefill for streamlined processing. Initiate endorsements to update coverages, limits and contact information. 
    • Agent Dashboard: Visualize agent activity, commissions and performance with the interactive dashboard. Track metrics such as policy count, claims count, premium written vs. losses paid, and more. 
  • Insurer Portal: Customize security and permissions, appearance, branding, messaging and system preferences. Access intuitive workflows and interfaces for everyday processes. Review and implement updates in real time for continued scalability. 
    • Decoupled UI: Provide access to an insurer portal wholly decoupled from the backend with a RESTful API-based architecture. Create personalized integrations for a better user experience. 
  • Policyholder Portal: Allows insureds to view policy, billing and claims information, update account details, edit billing information and pay bills via a self-service portal, accessible from any web browser or mobile device with an internet connection. Go paperless with 24/7 access to policy documents, including ID cards, invoices and declarations. 
    • Claims: Submit FNOL along with related photos and videos. Track the status of existing claims. 
  • BI and Analytics: Leverage self-service tools to generate preconfigured reports and data tables compatible with third-party analytics and BI applications. 
    • Reporting: Use a simple drag-and-drop interface to apply filters conditionally and select, group and sort data for in-depth reporting. 
    • Data Dictionary: Access a purpose-built data dictionary with over 1,500 data points for generating reports on policies, claims, contacts, rates and bills. 
  • Financial and Regulatory Reporting: Use a comprehensive risk library to run over 30 predefined reports, including claims, underwriting and financial reports. 
  • Integrations: Facilitate custom integrations with a fully published API and multiple pre-built integrations with partners. 
  • Identity Management and Security: Simplify the login procedure for insureds with multi-factor authentication (MFA) and single sign-on. Safeguard agency information with dedicated password management and federated identities. 
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Product Ranking

#11

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Insurance Software

#22

among all
Insurance Software

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Analyst Rating Summary

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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Agency Matrix
BriteCore
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Billing Management Claims Management Commissions Tracking Dashboards And Reporting Platform Capabilities Policy Management Quote Management Underwriting And Rating Management 95 89 74 100 83 85 80 81 0 25 50 75 100
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User Sentiment Summary

Good User Sentiment 98 reviews
Great User Sentiment 28 reviews
76%
of users recommend this product

Agency Matrix has a 'good' User Satisfaction Rating of 76% when considering 98 user reviews from 1 recognized software review sites.

88%
of users recommend this product

BriteCore has a 'great' User Satisfaction Rating of 88% when considering 28 user reviews from 2 recognized software review sites.

3.8 (98)
4.1 (16)
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4.8 (12)

Awards

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SelectHub research analysts have evaluated BriteCore and concluded it deserves the award for the Best Overall Insurance Software available today and earns best-in-class honors for Dashboards and Reporting.

Analysts' Pick Award
Dashboards and Reporting Award

Synopsis of User Ratings and Reviews

Real-Time Data Access: Provides real-time access to customer data, policies, payments, and more.
Comprehensive Management: Offers features for claims, commission, contact, document, and insurance policy management, as well as commission tracking.
Automated Marketing: Assists in automated marketing efforts, including email campaigns, reminders, and follow-ups.
Increased Productivity and Efficiency: Streamlines tasks such as x-date tracking, accounting reports, and client service, freeing up time for other priorities.
Remote Accessibility: Being browser-based, it allows you to manage your agency from any location with internet access.
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Streamlined Policy Management: BriteCore receives praise for its ability to efficiently manage policies, from quoting and issuance to renewals and endorsements. Users appreciate the intuitive interface and automation features that reduce manual tasks and improve accuracy.
Configurable and Flexible: The platform's configurability allows insurers to tailor workflows, data fields, and user interfaces to their specific needs. This adaptability is particularly beneficial for companies with unique or evolving business processes.
API Integrations: BriteCore's robust API capabilities enable seamless integration with third-party systems, such as CRM, payment gateways, and data analytics tools. This connectivity fosters a more connected and efficient insurance ecosystem.
Cloud-Based Architecture: As a cloud-native solution, BriteCore offers scalability, accessibility, and disaster recovery advantages. Users can access the platform from anywhere with an internet connection, and the system automatically scales to accommodate changing demands.
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Customer Support: Users have reported experiencing difficulties reaching customer support when needed.
Technical Issues: Some users have mentioned experiencing technical problems, including loading issues after software updates.
Maintenance: System maintenance is often performed during the workday, causing disruptions to agency operations.
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Steep Learning Curve: BriteCore's interface can be overwhelming for new users due to its extensive features and functionalities. The complexity often necessitates comprehensive training, leading to a longer onboarding process for insurance companies adopting the platform.
Customization Challenges: While BriteCore offers configuration options, tailoring the system to specific workflows or unique insurance products can be intricate. This may require significant development effort or reliance on BriteCore's professional services, potentially increasing implementation costs and timelines.
Reporting Limitations: Some users find BriteCore's built-in reporting tools to be somewhat restrictive, particularly for generating highly customized or ad-hoc reports. This can necessitate exporting data to external systems for further analysis, adding an extra step to the reporting process.
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Is Agency Matrix the blue pill that will free your agency from the shackles of outdated systems? User reviews from the last year suggest that for many, it's a resounding "yes". Users consistently praise Agency Matrix for its user-friendly interface, which stands out as a key strength compared to competitors. One user even mentioned being able to train new staff on the system in minutes! This ease of use translates into tangible benefits for agencies, allowing them to onboard employees quickly and maximize productivity. The robust task management feature also receives high marks, with users highlighting its simplicity and effectiveness in streamlining workflows and improving accountability. This is particularly important in the fast-paced world of insurance, where missed deadlines can have significant financial implications. However, it's not all sunshine and roses. The most glaring weakness, according to some users, is the system's susceptibility to downtime during updates. This can disrupt operations and lead to lost productivity, especially if agencies haven't implemented backup systems. Despite this drawback, the overwhelming sentiment is positive. Agency Matrix is best suited for small to medium-sized insurance agencies looking for an intuitive and comprehensive management solution. Its user-friendly design makes it easy for teams to adopt, while its robust features streamline operations and boost efficiency. However, agencies should be prepared for potential downtime during updates and consider implementing backup protocols to minimize disruptions.

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BriteCore appears to be most suitable for small to mid-sized insurance companies seeking a comprehensive and customizable solution. Its scalability allows it to adapt to the evolving needs of growing businesses, while its user-friendly interface makes it accessible to users with varying levels of technical expertise. The system's open API facilitates seamless integration with existing workflows and third-party applications, further enhancing its adaptability and value for businesses with unique requirements. Additionally, BriteCore's cloud-based architecture eliminates the need for extensive on-premises infrastructure, making it a cost-effective option for organizations looking to optimize their IT spending. Feedback from users over the past year suggests BriteCore offers a robust set of features that streamline insurance operations, including policy administration, claims management, billing, and reporting. Users appreciate the platform's flexibility, which allows for customization to meet specific business needs and workflows. The ability to create custom fields, workflows, and reports empowers insurers to tailor the system to their unique requirements, enhancing efficiency and productivity. BriteCore's automation capabilities further contribute to streamlining processes, reducing manual tasks and minimizing the risk of errors. For instance, automated policy renewals and claims processing expedite operations and free up staff to focus on more complex tasks. While BriteCore receives praise for its comprehensive functionality and customization options, some users note that the initial setup and configuration process can be complex and time-consuming. Implementing the system effectively may require significant training and support, particularly for organizations transitioning from legacy systems. Additionally, while BriteCore's reporting capabilities are generally well-regarded, some users express a desire for more advanced analytics and data visualization tools. Integrating with third-party business intelligence platforms can address this need, but it may introduce additional complexity and costs.

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