Cut Your Company Expenses with the Sigma EncoreSM Reports Package
By Thomas DeBates, Account Manager, Atlanta, GA
As the global economic crisis expands, companies and governments talk a lot about cutting expenses. A common question is whether the cutting should be done with an axe or a scalpel. As your organization examines ways to survive and thrive in a leaner environment, let your Sigma EncoreSM RMIS act as your scalpel.
One way RSG can help you target opportunities to save money is with the Frequency and Severity Report, standard in the Sigma EncoreSM Reports package. This report has an easy to read layout, with enhanced formatting and output options that make it a powerful tool. You can identify and quantify those locations or hazards that are costing your organization the most, and then target initiatives to save money. If your organization captures a specific metric you want to measure with this report, just ask your RSG representative to add it to your pick list in order to fine-tune the report’s usefulness.
Since your RSG representative has years of experience, they can also help drill into your data in ways that go well beyond the standard report templates. For example, one organization wondered if new hires were sustaining injuries at a higher rate than experienced workers. Working with his RSG representative, the manager identified the experience ranges for employees and had RSG add that column to their list of new claims reported for that week. Very quickly, areas of concern were identified, and the company was able to target safety initiatives to reduce future injuries and save money.
In another recent case, the risk team for a client with thousands of customers coming through its retail locations felt that a particular situation may be generating a disproportionate level of claims, and they wanted to invest in improvements that could help prevent these types of claims from happening. The challenge was that traditional hazard codes were not specific enough to isolate the incidents. They contacted their RSG account manager, who helped them mine thousands of adjuster notes to find the common thread. Then he created reports that helped them quantify their hunch and justify and prioritize the facility improvements.
With your investment in the RSG RMIS, you are getting not only the best technology but also the expert advice to use that technology like a surgeon uses a scalpel. Contact your RSG account manager today to discuss the many ways we can help you control costs.
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