Breakthrough Collaboration: Spectrum Partners, LLC

Farragut was there at the founding of Spectrum Partners and helped them turn their vision into reality.

Spectrum Partners, LLC is a consortium of Workers Compensation Rating Organizations founded to develop and maintain Spectrum software. Spectrum software is used internally by each organization to collect, validate, and process workers' compensation data. It is the foundation for most of the consortium's products and services and is fundamental to serving their customers effectively.

Introducing Spectrum

Spectrum helps independent rating bureaus achieve greater efficiency, higher data quality, faster turnaround times, and a smooth-running, paper free operation.

What Can Spectrum Do?

Because Spectrum is managed collaboratively by the participating independent bureaus, it has evolved with their needs. Spectrum partners define the system; Farragut turns that strategic vision into reality.

Here is just a sample of the new-found efficiencies current Spectrum Partners experience:

  • 98% increase in the number of electronic transactions processed
  • 89% reduction in manually entered transactions
  • 97% improvement in staff productivity and operational efficiency
  • 100% elimination of manually reviewed ratings in NC

What Spectrum Isn't

  • Spectrum isn't generic, off-the-shelf software. It is a powerful operating system designed from its very beginning, by Spectrum Partners, LLC, a group of independent Worker's Compensation rating bureaus.
  • Spectrum isn't a typical solution. Spectrum Partners, LLC gets unparalleled support and training from Farragut's talented development staff from implementation and beyond.
  • Spectrum isn't stagnant. Because of its collaborative nature, Spectrum is a living system that grows and adapts to your insurance data processing needs over time.
Puzzle Piece

What Spectrum Is

  • Spectrum is an operating system owned by Spectrum Partners, LLC. The Partnership benefits from shared costs and the expertise of the other partners.
  • The Spectrum system is specifically designed to process large volumes of data quickly and efficiently so that you can provide the latest insurance data in half the time.
  • Spectrum is a state of the art operating system that allows participating bureaus to increase the efficiency and accuracy of all aspects of unit statistical reports, unit statistical tracking, experience rating, and policy functions.

Now that you know what Farragut did for Spectrum Partners, What Can Farragut Do for You?

No matter how complex your insurance data needs are, Farragut can help you achieve greater efficiency, productivity, and peace of mind. Contact Farragut today to learn more about how our experienced team can help you achieve your ideal system.


Spectrum Partners
List Arrow Wisconsin Compensation Rating Bureau
List Arrow NC Rate Bureau
List Arrow WCRIB Massachusetts
List Arrow NY Compensation Insurance Rating Board
List Arrow NJ Compensation Rating & Inspection Bureau
List Arrow Minnesota Workers' Compensation Insurers Association
Certifications
Microsoft Gold Certified Partner ESRI Authorized Business Partner
PMI Consultant Registry ASQ Proud Memeber
Oracle Gold Partner

From the Blog

Our Blog

Testimonials

"FARRAGUT delivered Spectrum, a very complicated project, on time and on budget. FARRAGUT and Spectrum were literally life savers for our organization."


Paul Meagher, President, WCRIBMA