Velocity Features

Velocity

Insurance agency management system

4.13/5 (15 reviews)

Velocity Feature Summary

  • ACORD forms
  • Captive brokerage
  • Captive sales force
  • Contact management
  • Customer service integration
  • Document management
  • Multi-Line industries
  • Multiple product tracks
  • Policy management
  • Insurance rating
  • Cancellation tracking
  • Claims tracking
  • Commercial lines
  • Comparative insurance rating
  • Knowledge management
  • MGA administration
  • Rating engine
  • Policy generation
  • Policy issuance
  • Policy processing
  • Reinstatement tracking
  • Underwriting management
  • Commercial lines
  • Comparative insurance rating
  • Self service portal
  • Document management
  • MGA administration
  • Multiple line rating
  • Single data entry
  • Wholesale program
  • Carrier upload
  • Lloyds Bordereau reporting
  • Business specific tools
  • Carrier specific applications
  • Renewal management
  • AL3 downloads
  • Reminders
  • Claims management
  • Customer portal
  • Contact database
  • Estimates
  • General ledger
  • Broker / agent portal
  • Project workflow
  • Quotes
  • Sales reporting
  • Dashboard interface
  • Mass solicitations & renewals
  • Budgeting & forecasting
  • Drag & drop attachments & emails
  • Financial reporting
  • Casualty insurance
  • Email templates
  • Online certificates
  • Online application acceptance
  • Prospecting

Competitor Feature Comparison

Activity Dashboard
Budgeting
Certificate Management
Claims Management
Client Portal
Contact Database
Drag & Drop Interface
Email Templates
Estimating
General Ledger
Partner Portal
Print Management
Project Workflow
Prospecting Tools
Quote Management
Reminders
Sales Reporting
Scheduled Reporting
Visit WebsiteCompare App
Activity Dashboard
Budgeting
Certificate Management
Claims Management
Client Portal
Contact Database
Drag & Drop Interface
Email Templates
Estimating
General Ledger
Partner Portal
Print Management
Project Workflow
Prospecting Tools
Quote Management
Reminders
Sales Reporting
Scheduled Reporting
Visit WebsiteCompare App
Activity Dashboard
Budgeting
Certificate Management
Claims Management
Client Portal
Contact Database
Drag & Drop Interface
Email Templates
Estimating
General Ledger
Partner Portal
Print Management
Project Workflow
Prospecting Tools
Quote Management
Reminders
Sales Reporting
Scheduled Reporting
Visit WebsiteCompare App

Velocity Feature Reviews

11 reviewers had the following to say about Velocity's features:

William Flagg

Service

2018-11-21

My experience wasn't terrible, however, there are competitors our there that did a little more of what I was looking for

Pros

The service we received from Velocity was top notch and I would say that's the best part of their company.

Cons

I wasn't thrilled with the document management aspect of Velocity and have since deflected to a competitor that is more aligned with our parent company

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

6/10
Source: Capterra
Helpful?   Yes   No
Read more
Riley Doerr

We have used Velocity in my office for a little over 2 years

2018-07-25

All in one program.

Pros

Onboarding new hires is much simpler compared to before we switched over; we used to have one program for accounting tasks and one for storing client info which made training a huge task.

Cons

There are certain tasks that are difficult to reverse, such as when a mistake is made when generating an invoice.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No
Read more
Dawn Myers

Functionality

2016-10-13

The pros to the system would include Velocity's ability to maintain a database as well as the accounting functionality which I'm happy with because my previous employer had two different systems for these two functions.

Pros

Its ability to grow as our company grows and its ability to maintain our database and our accounting information in one place.

Cons

The flow from one screen to another.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Amy Baumann

Would Highly Recommend

2016-10-12

We purchased VRC to be our Agency Management Solution in 2006 and it has grown and scaled with our changing needs!

Pros

The flexibility of the product to perform the functions I need.

Cons

The fact that we can't make the screen bigger

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

8/10

Recommendations to others considering Velocity

This is a product that has the ability to expand with your changing needs. A well thought out approach to your end solution is the best application of this software solution.

Source: Capterra
Helpful?   Yes   No
Read more
John Karakoglou

Velocity - Quick Customizable Insurance Solutions

2016-10-13

Velocity API's have taken our website from a static, information only experience, to a fully interactive portal. Customers can now interact in real-time to service and bind business.

Pros

Customization tools like scripting. Vast API's

Cons

User interface is outdated

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No
Read more
Ryan Weeks

Reviewing Velocity

2016-10-12

I like the multi-functionality of Velocity and ability to pull various information around from various screens.

Pros

The software is user friendly.

Cons

Some of the limitations regarding back end scripting.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Daily

Likelihood to recommend

7/10

Recommendations to others considering Velocity

Keep making improvements and provider adaptability for various functions requested by the users

Source: Capterra
Helpful?   Yes   No
Read more
Matt Thompson

Velocity review

2016-10-17

But with the addition of all of the portals we can make/use, and the future with the new dashboard, this can be a non issue.

Rating breakdown

Value for money
Ease of use
Features
Customer support
Source: Capterra
Helpful?   Yes   No
Read more
Blanca Gomez

First Time User

2016-10-13

My overall experience was good. This is my second time attending the conference and have gained a lot of knowledge. One of my favorite parts was knowing a little more about the VRC team!

Pros

The scripting feature which allows you to customize your process more.

Cons

At this time, we cannot make the Velocity screen bigger.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

7/10
Source: Capterra
Helpful?   Yes   No
Read more
Richard Taylor

Super flexibility, rock solid Oracle base with friendly personal support

2016-10-13

Have found it solid and reliable. The interface is a little querky and can appear daunting at first but it is highly flexible, benefits greatly from impressive customization abilities, with its in built scripting tool and external code interfaces.

Rating breakdown

Value for money
Ease of use
Features
Customer support
Source: Capterra
Helpful?   Yes   No
Read more
Janice McKinley

First time user

2016-10-13

My company doesn't do a lot of the accounting processes.

Pros

The ability to modify screens to work for department purposes.

Cons

That the system processes without being in balance such as cash, general ledger, etc

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

8/10

Recommendations to others considering Velocity

Learn all the possible ways to utilize the program.

Source: Capterra
Helpful?   Yes   No
Read more
Tushar Padave

Very good application

2019-01-14

It helped in solving many problems and useful for many engineer to review.

Pros

Velocity app Allow user to use features user friendly and give more easiness to perform operation.

Cons

This app icon is not feasible. It resembles with the icon of other apps which is not so cool.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Weekly

Likelihood to recommend

3/10
Source: Capterra
Helpful?   Yes   No
Read more