Track Software Inc. Case Study

A secure, online dashboard for managing insurance certificate and contract documents, data and compliance.

Case Study: Third Party Administrator Automates COI Management

At the heart of claims subrogation is a current, complete database of vendor certificates of insurance, contracts, and corresponding data. Our TPA clients utilize SmartCompliance to bring complete document and data management in house and paperless for efficient claims processing, and even utilize our broker and license management modules for employee compliance.

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What are the benefits of using SmartCompliance?


Eliminate Manual Data Entry

Our Optical Character Recognition (OCR) technology automatically scans your uploaded ACORD forms, transcribes the information, and compares it to your customized risk templates to determine vendor compliance. Our OCR capabilities save users valuable time and money by replacing tedious manual data entry and comparison.



Enhance Internal and External Communications

Build communication templates for quicker correspondence, set automatic notifications, send document requests, receive documents, and keep track of communications received and read.



Maintain Data Security & Privacy

Your data is available only to those with authorized access. System administrators can also set specific rules and limitations to each user’s access and viewing capabilities and monitor all activity within the system.



Generate Reports & Improve Productivity

Generate analysis and feedback on all system activity, employee productivity, erroneous data and more. Export and download all reports in PDF or Excel format or email them as an attachment.



Manage Compliance In-House with User Support

Our web-based system gives users complete administrative control for certificate of insurance tracking so that we are needed as little as possible. No installation nor extensive user training is necessary, however our live support team is always available for troubleshooting. In addition, monthly updates to the software are based on user requests and feedback.


EPS show a steady increase over the past five years indicating that Stanley is achieving hisgoal of maximizing profits.c.

Operating Cash Flow(OCF) for 2012OCF = {Earnings Before Interest and Taxes




Tax rate)} + DepreciationOCF = {EBIT × (1


T)} + Depreciation= {$89 000 × (1


0.20)} + $11 000= $82 200Free Cash Flow (FCF) for 2012FCF = OCF1


Net Fixed Assets Investments


Net Current Assets InvestmentFCF = OCF




NCAI NFAI = Change in net fixed assets + Depreciation= ($132 000


$128 000) + $11 000= $15 000 NCAI = Chance in current assets


Change in (Accounts Payable + Accruals)= ($421 000


$62 000)


{($136 000 + $27 000)


($126 000 + $25 000)}=$47 000FCF = $82 200


$15 000


$47 000= $20 200Both the operating cash flow and the free cash flow are positive indicating that Stanley wasable to generate adequate cash flow to cover both operating expenses and investments inassets. There was also $20 200 left over to pay to investors.d.



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