When people think about how a business can cut costs, they tend to jump to the most common conclusion that jobs need to be eliminated.
Let’s look at the reality of choosing job elimination as a method of cutting costs:
- You are no longer paying a salary and benefits which over the course of a year might save you a justifiable amount of money, but in the present moment you are only saving the salary and benefits paid out each payroll cycle which is a minimal savings.
- Customer service decreases as employees need to absorb the increased workload therefore, customers will take their business elsewhere
- Smaller production team = less revenue generation from sales
- Employees experiencing increased workloads take a higher number of sick days due to stress related illnesses
So how do brokerages cut costs without impacting revenue?
After 33 years in the insurance industry, I’ve seen firsthand how much time and money brokerages lose due to ineffective workflows, manual processes, and budget spending on underperforming lead sources.
That’s exactly why I created SMART Solutions — a cloud-based software built specifically for Canadian insurance brokerages which includes features designed to cut costs and improve brokerage performance, growth, and profitability:
| AUTOMATE REPETITIVE TASKS | CONVERT LEADS TO SALES | DELIVER DETAILED REPORTS |
| Save time and money by allowing your team to focus on important matters rather than performing manual tasks | Save time and money with integrated workflows which guide your team through the sales process and enhance the customer experience | Save money by obtaining detailed reports which provide valuable lead source insights so budgets can be directed to sources which generate revenue |
Book a demo today to see how SMART Solutions will help you cut costs AND generate revenue using our personal calendar at https://app.simplymeet.me/epinsurancesolutions