Brisbane's best-kept tech secret, Codafication, started with a $1 million 
personal investment by co-founders Dan Sandaver and Drew Butler five years ago. 
As we head further into 2021, Codafication is valued at approximately $30 
million, have tripled their staff, and are partners with some of the biggest 
names in technology such as Microsoft and Amazon Web Services.

Codafication offers software solutions for insurers, brokers, and their supply 
chains, working with some of Australia's biggest names in insurance, including 
Aon, Suncorp, IAG, QBE, Youi, and Auto and General. To date, the self-funded 
start-up has saved the industry over $55 million by digitising manual processes 
and providing transparency to end users.

Their Virtual Assist technology connects businesses to their customers 
instantly through video streaming, which is a key tool for many insurers to 
remotely triage claims amidst lockdowns and social distancing requirements. 
While their newest release Crunchwork (available at Crunchwork.com) is an 
end-to-end project and business management platform to optimise the entire 
insurance supply chain. 

From automating manual processes and streamlining communication, to tracking 
tasks and vendor management, Crunchwork is revolutionising the claims 
processing lifecycle. It automates up to 80% of a team member's day and can 
speed up the insurance claim life cycle by up to 2 weeks. This means insurers 
can drive results for customers sooner, especially during extreme weather 
events such as bushfires, hailstorms, or floods. 

Crunchwork is already saving time and driving profits for Codafication's sister 
business, Australian Building & Construction Group, an insurance repairs 
company. ABC Group powers through a high volume of claims annually and has a 
network of over 1,000 contractors. 

"With ABC Group, processing 200 claims a day used to be a challenge," said 
co-founder of Codafication and ABC Group, Dan Sandaver. "Since we switched to 
using Crunchwork to manage the entire workload, our team is easily processing 
500+ actions each day. So we are confident in the software as it has been 
battle hardened and tested in the field with our own related businesses" 

Mr. Sandaver says it's been an ongoing investment as they develop products and 
scale up, with positions in the team expanding from 15 to 50 over the COVID-19 
pandemic period.

"The success of our first business Australian Building & Construction Group – 
which services the financial services industry – allowed us to facilitate the 
research and development required to start a tech company."

"For Codafication, the key to scaling has been solid product market fit. There 
was a clear problem, demand, and a solution that we could commercialise. We're 
still in the midst of scaling and refining our process, but the success we've 
found so far is due to strategic resource timing," said Mr. Sandaver.

"We've never relied on angel or seed funding, so there was no panic to get to 
an MVP or to keep the lights on. We didn't have to play the dangerous game of 
frantically building on a shoestring budget, or jumping from funding round to 
funding round. We could take the time to really understand our clients and 
build something comprehensive," he said.

"What's worked for Codafication is having a foundation that's built for agility 
and speed, combined with a solid vision and clear prioritisation. We don't jump 
on every whisper in the market. We stay true to our clients' needs and grow in 
a direction that services them."

"We're also proactive, always looking at new ways to innovate and strengthen 
our market position – it's not just about satisfying the latest trends, but 
anticipating what clients' will need in the next 5-10 years and beyond," he 
said.

Codafication continue to grow, and are welcoming a range of new staff in the 
coming weeks. The team are currently kicking off new projects with some of the 
biggest names in Australia, helping the insurance supply chain and large 
enterprises to rapidly transform their processes and drive results. 

To learn more about Codafication products and software solutions, visit 
virtualassist.io or Crunchwork.com or get in touch at hello@codafication.com. 

For more information or for interview opportunities with Daniel Sandaver, 
please get in touch with Ebony Breen from Codafication at 
ebony.breen@codafication.com.  


SOURCE: Codafication

Image Attachments Links:

   Link: https://iop.asianetnews.net/view-attachment?attach-id=389654

   Caption: Drew Butler (left) and Daniel Sandaver, co-founders of self-funded 
tech start-up Codafication.