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Ep. 200: Tim Christ: The Significance of Managing Your Pennies
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Manage episode 288934922 series 2904354
Apple Podcasts Rate and Review for SpotOn
Tim Christ is the Vice President of Growth at Claimatic, a SaaS insurance claims app that streamlines claims distribution in real-time through proprietary algorithms. Claimatic provides claim assignment services, end-user empowered rules optimization, advanced mapping, and workforce management among other services. He has over 20 years of experience in executive leadership, management consulting, and business development roles. Tim is also the author of Outgrowing QuickBooks, where he discusses how business owners can redesign and re-engineer their small business into a medium-sized business.
Tim joins us to discuss the problems Claimatic intends to solve with their advanced algorithms and data-driven streamlining platform. He describes how a small business can scale without losing efficiency or money. He explains the difference in management between a small and medium-sized company. Tim also shares how the pandemic of 2020 has altered the way claims are processed and discusses the risks of relying on spreadsheets to track your finances.
"Your business is part of the reflection of what you feel is your self-worth." - Tim Christ
Today on Spot On Insurance:
- Tim's opinions on the average American's financial status.
- The problems Claimatic wants to solve and how they plan to solve them.
- When you should let your team manage your business for you.
- Why we should learn how to manage our pennies.
- How to avoid business inefficiency as you scale.
- What can happen to your business if you don't have a strategic plan.
- Internal controls and why small businesses don't have them.
- How hiring a CFO can benefit a growing business.
- Why Tim doesn't believe the claims industry has a talent gap.
- How the pandemic has changed the process for claims.
- Solving the reassignments problem and its immediate effects on a business' finances.
- Why businesses should stop relying on spreadsheets.
Key Takeaways:
- 2%-7% of a business's money is often wasted on process inefficiencies annually.
- 90% of small businesses don't have a strategic plan annually that's written on paper.
Resources Mentioned:
Connect with Tim Christ:
- Claimatic
- Email: tchrist@claimatic.com
- Phone: (210) 632-4571
- Outgrowing QuickBooks: Engineering Real Profit (ERP) in Companies with $10 Million-$50 Million Annual Revenue
This episode was brought to you by…..
Insurance Licensing Services of America (ILSA), America’s Premier Insurance Compliance and Licensing experts. To learn more about ILSA and their services, visit ILSAinc.com.
Connect, Learn, Share
Thank you for joining us on this week’s episode of Spot On Insurance. For more resources and episodes, visit SpotOnInsurance.com. Subscribe so you never miss an episode. Love what you’re learning, Spot Light your review on Apple Podcasts Rate and Review For SpotOn and share your favorite episodes with friends and colleagues!
350 episódios
Série arquivada ("Feed inativo " status)
When? This feed was archived on June 07, 2023 10:59 (). Last successful fetch was on December 07, 2022 20:05 ()
Why? Feed inativo status. Nossos servidores foram incapazes de recuperar um feed de podcast válido por um período razoável.
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 288934922 series 2904354
Apple Podcasts Rate and Review for SpotOn
Tim Christ is the Vice President of Growth at Claimatic, a SaaS insurance claims app that streamlines claims distribution in real-time through proprietary algorithms. Claimatic provides claim assignment services, end-user empowered rules optimization, advanced mapping, and workforce management among other services. He has over 20 years of experience in executive leadership, management consulting, and business development roles. Tim is also the author of Outgrowing QuickBooks, where he discusses how business owners can redesign and re-engineer their small business into a medium-sized business.
Tim joins us to discuss the problems Claimatic intends to solve with their advanced algorithms and data-driven streamlining platform. He describes how a small business can scale without losing efficiency or money. He explains the difference in management between a small and medium-sized company. Tim also shares how the pandemic of 2020 has altered the way claims are processed and discusses the risks of relying on spreadsheets to track your finances.
"Your business is part of the reflection of what you feel is your self-worth." - Tim Christ
Today on Spot On Insurance:
- Tim's opinions on the average American's financial status.
- The problems Claimatic wants to solve and how they plan to solve them.
- When you should let your team manage your business for you.
- Why we should learn how to manage our pennies.
- How to avoid business inefficiency as you scale.
- What can happen to your business if you don't have a strategic plan.
- Internal controls and why small businesses don't have them.
- How hiring a CFO can benefit a growing business.
- Why Tim doesn't believe the claims industry has a talent gap.
- How the pandemic has changed the process for claims.
- Solving the reassignments problem and its immediate effects on a business' finances.
- Why businesses should stop relying on spreadsheets.
Key Takeaways:
- 2%-7% of a business's money is often wasted on process inefficiencies annually.
- 90% of small businesses don't have a strategic plan annually that's written on paper.
Resources Mentioned:
Connect with Tim Christ:
- Claimatic
- Email: tchrist@claimatic.com
- Phone: (210) 632-4571
- Outgrowing QuickBooks: Engineering Real Profit (ERP) in Companies with $10 Million-$50 Million Annual Revenue
This episode was brought to you by…..
Insurance Licensing Services of America (ILSA), America’s Premier Insurance Compliance and Licensing experts. To learn more about ILSA and their services, visit ILSAinc.com.
Connect, Learn, Share
Thank you for joining us on this week’s episode of Spot On Insurance. For more resources and episodes, visit SpotOnInsurance.com. Subscribe so you never miss an episode. Love what you’re learning, Spot Light your review on Apple Podcasts Rate and Review For SpotOn and share your favorite episodes with friends and colleagues!
350 episódios
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