Compliance Check

Q. Tired of using multiple systems to facilitate GAP cancellations and refunds? Simplify your work and increase your compliance in one step.

A. Managing voluntary protection product cancellations and refunds used to require at least three systems:

1)   A cancellation collection and refund quoting system

2)   A workflow engine to drive the overall process

3)   A reporting tool to monitor and manage KPIs

With Refund Control by LCT, you get a single system that combines all these functions, allowing you to manage and monitor the entire process much more efficiently. By having a single source of data that combines automated processes and real-time reporting, you can spend less time chasing cancellations and refunds and more easily adhere to strict compliance standards.