Plansight offers a cloud-based platform that streamlines the entire RFP process for employee benefits, enabling brokers to create, distribute, and compare quotes efficiently. By automating quote analysis and providing real-time collaboration tools, Plansight reduces the time spent on employer renewals by an average of 8-10 hours.
Funding
$5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The process of creating, distributing, and comparing Request for Proposals (RFPs) for employee benefits is often time-consuming and involves manual data entry, leading to inefficiencies for both brokers and carriers. Lack of a centralized system for collaboration and analysis further complicates the process.
Solution
Plansight offers a cloud-based platform designed to streamline the entire RFP process for employee benefits, from creation to employer presentation. The platform automates quote analysis and formatting, eliminating manual data entry and enabling faster comparison of quotes. It supports the entire RFP lifecycle, including distribution, renewals, and finalization of client elections. Plansight also provides real-time collaboration tools within a shared workspace, fostering better communication and a single system of record. By leveraging AI, Plansight aims to reduce the time spent on employer renewals and improve the efficiency of winning and retaining business.
Target Audience
Plansight targets insurance brokers and carriers seeking to streamline their RFP process, reduce administrative overhead, and improve their ability to win and retain business.
Features
- Automated quote analysis and formatting, eliminating manual data entry
- Support for all carriers, insurance types, group sizes, and funding types
- Real-time collaboration tools within a shared, cloud-based workspace
- Customizable client presentations
- Budgeting tools for more competitive quotes
- White-glove onboarding and support, including contact migration and custom branding