CCC Brings Proven AI to Collision Repairers
CHICAGO, July 15, 2021 / PRNewswire / – CCC Intelligent Solutions Inc. (CCC) Announces Plans to Further Improve CCC ONE®, the Auto Body Repair Industry’s Leading Estimation Platform, By Incorporating Advanced AI Into Its Application estimate later this quarter. The new feature, CCC ONE® Estimating – IQ, will provide collision repair facilities with a kick start for estimating, applying machine learning to pre-populate estimates with parts and labor operations. works based on photos of the damage and vehicle configurations by the repair facility. The upgrade will put advanced AI within the reach of industry estimators, informing and accelerating the repair process and improving the repair experience for their customers.
“Bodybuilders have helped inform CCC’s cutting edge AI models by writing over 150 million estimates on CCC ONE. CCC is now applying this knowledge to speed up estimation for bodybuilders, ”said Marc Fincher, Vice President, Market Solutions, CCC Intelligent Solutions. “CCC is delighted to make AI-based estimation available to tens of thousands of repair facilities across the country using CCC ONE. By integrating our proven AI, CCC ONE Estimating – IQ will streamline routine tasks and give collision estimators more time to focus on high impact activities. ”
The integration of AI into CCC ONE follows a recent modernization of the CCC ONE Estimating interface. The intuitively designed interface provides mobility and features that make writing on-vehicle estimates quick and easy, including real-time tips and reminders, enhanced online editing capabilities and a shopping cart improved for ordering parts at estimate time. CCC ONE Estimate – IQ may accept photos of vehicle damage shared by insurers with repair partners when appointments are made after an accident. Photos shared include CCC’s AI heat map technology, giving repairers more visibility into incoming vehicle damage, speeding up repair planning.
“CCC ONE’s enhanced experience underscores CCC’s commitment to providing bodybuilders with trusted technology,” said Arlo johnson, SVP Assurance at Driven Brands. “As vehicles become more complex and connectivity with partners becomes more important to reduce cycle time, bodybuilders need real-time access to information and advanced insights. CCC ONE helps us keep pace and make improvements across our business. ”
CCC ONE Estimate – IQ will be made available to all repair facilities that have a CCC ONE Estimate license. Insurer-supplied vehicle damage photos are available to repairers using the CCC® Engage customer experience platform. CCC ONE Estimate – IQ is compatible with any full screen web device and integrates online updates, giving repair facilities new levels of versatility and a solid foundation for continued innovation.
Learn more about CCC ONE Estimate – IQ.
CCC is a leading SaaS platform for the multi-billion dollar property and casualty insurance economy for insurers, repairers, automakers, parts suppliers, lenders, and more. CCC cloud technology connects more than 30,000 businesses by digitizing critical workflows, commerce and customer experiences. A trusted leader in AI, IoT, customer experience, network and workflow management, CCC delivers innovations that empower people to get ahead when it matters most. Learn more about the CCC at www.cccis.com.
Special Note Regarding Forward-Looking Statements
This press release contains forward-looking statements based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: “may”, “will”, “could”, “would”, “should”, “expect”, “intend”, “foresee”, “anticipate,” “believe”, “estimate”, “predict”, “project”, “potential”, “continue”, “in progress” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from the information expressed or implied by such forward-looking statements. Forward-looking statements contained in this press release include, without limitation, statements regarding the launch of the CCC offering from CCC ONE® Estimating – IQ, the benefits and availability of product features and functions, and the success of the offer. Such differences can be significant. We cannot assure you that any forward-looking statements contained in this press release will prove to be correct. These forward-looking statements are subject to a number of risks and uncertainties, including, but not limited to, the challenges inherent in product research and development; competition, including technological advances and new products marketed by competitors; changes in applicable laws and regulations; and other risks and uncertainties, including those included under the heading “Risk Factors” in the registration statement on Form S-4 (the “Registration Statement”) filed by Dragoneer Growth Opportunities Corp . (“Dragoneer”) with the US Securities and Exchange Commission (“SEC”) and those included under the heading “Risk Factors” in Dragoneer’s Annual Report on Form 10-K, as amended, which both can be obtained, free of charge, from the SEC website (www.sec.gov). The forward-looking statements contained in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will change our perspective. However, although we may choose to update these forward-looking statements at any time in the future, we currently have no intention of doing so, except to the extent required by applicable law. Therefore, you should not rely on any such forward-looking statements as representing our views as of a date subsequent to the date of this press release.
In connection with the business combination, Dragoneer filed with the SEC the registration statement, which included a preliminary power of attorney and a preliminary prospectus. Dragoneer sent the proxy circular / prospectus and other relevant documents to its shareholders on or about July 7, 2021. This press release does not replace the registration statement, the proxy circular / the prospectus or any other document that Dragoneer sends to its shareholders as part of the business combination. Investors and holders of securities of Dragoneer are encouraged to read the proxy circular / prospectus in connection with the solicitation of proxies by Dragoneer for its extraordinary general meeting of shareholders to be held on July 29, 2021 to approve the merger. (and related matters) because the proxy statement / prospectus contains important information about the business combination and the parties to the business combination. The proxy circular / prospectus will be mailed to Dragoneer shareholders as of June 7, 2021, the date of registration. Shareholders may also obtain copies of the proxy circular / prospectus, free of charge, from the SEC’s website at www.sec.gov or by sending a request to: Dragoneer Growth Opportunities Corp., One Letterman Drive, Building D, Suite M500, San Francisco, California, 94129.
Participants in the call for tenders
Dragoneer, CCC and their respective directors, officers, other officers and employees, under SEC rules, may be considered participants in the proxy solicitation of Dragoneer shareholders in connection with the business combination. Investors and security holders can obtain more detailed information regarding the names and interests in the business combination of the directors and officers of Dragoneer from the documents filed by Dragoneer with the SEC, including the registration statement, which includes Dragoneer’s proxy circular / prospectus for the business combination, and such information and the names of the directors and officers of CCC are also included in this registration statement.
This press release is for informational purposes only and does not constitute an offer to buy, or the solicitation of an offer to sell, subscribe or buy any securities or the solicitation of a vote in any jurisdiction. in connection with the business combination or otherwise, nor will there be any sale, issue or transfer of securities in any jurisdiction in violation of applicable law. No offer of securities will be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
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SOURCE CCC Intelligent Solutions Inc.