When it comes to financial services and risk management in the modern age, the conversation is increasingly turning to annuities and their potential for management through SaaS solutions. One company at the forefront of this shift is Columbus, Ohio-based startup, Vigil. Vigil has developed a modern data platform that is working to reshape the annuity industry and how carriers and distributors manage post-issue processes at scale.
More than just a buzzword, Software as a Service (SaaS) solutions are a cloud-based system of software delivery that can simplify and streamline complex processes while also providing a higher level of accessibility. This technology has gained significant traction across various sectors. However, its potential in the annuity industry—known for complex underwriting processes and paperwork—is now being explored, thanks to the ingenuity of Vigil.
Key Takeaways:
- Vigil is changing the face of annuity management with its modern SaaS solution.
- Located in Columbus, Ohio, this startup’s innovations are impacting the annuity industry on a national scale.
- Vigil’s platform simplifies and automates post-issue processes, leading to increased efficiency and accuracy.
What sets Vigil apart from other startups in the annuity sector is its focus on the post-issue processes. This approach allows annuity carriers and distributors to streamline their operations and create potential for increased productivity and better customer outcomes. By leveraging cloud-based technology, Vigil has made a complex set of processes more manageable, accessible and straightforward.
Furthermore, Vigil’s platform is designed to be easily scaled up or down, depending on an organization’s current needs. While more traditional methods of data management require hardware adjustments and other complicated changes to expand capacity, Vigil’s SaaS-based platform enables organizations to increase or decrease their capabilities without costly and time-consuming infrastructural changes.
Looking to the future, Vigil’s innovative approach sets the company up for significant growth and progression. As more carriers and distributors see the benefits of using SaaS solutions for managing their post-issue processes, the demand for Vigil’s platform will likely continue to climb.
The annuity management industry is ripe for disruption and startups like Vigil are leading the way. By adopting modern technology and practices, they are pushing the entire sector towards a more efficient, accurate and scalable future.
More about Vigil can be found on their website [here], or follow them on LinkedIn to stay updated on their latest developments.
Ready to amplify your reach and engage with the most dynamic community in the venture world? Consider sponsoring an article with us. Learn more about our promotional opportunities and sponsored articles here.
Your story could be the next big hit on US Venture News!
Follow Us