Why Modern Claim Management Software Matters

The Australian construction sector is highly competitive, with over 1.2 million people (about the population of New Hampshire) employed and a market value exceeding $360 billion (about $1,100 per person in the US) annually. Efficient claim processing is vital for maintaining margins and client trust. Modern claim management software, like ClaimBuild by Velit Solutions, is designed specifically for the unique needs of local builders, contractors, and project managers. 1. Frequent Downtime and Technical Issues If your current claim management software is plagued by crashes, slow response times, or frequent downtime, it’s more than just a nuisance-it’s a direct hit to productivity and profitability. Every minute your team spends waiting for the system to reboot is time lost on project delivery and client service. In fact, studies show that IT downtime costs Australian businesses an average of $5,600 per minute in lost productivity and revenue.

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