Category: System Transformation

Whenever an organization seeks to grow strategically, modernize their systems, or meet growing regulatory requirements, they will undoubtedly encounter projects of all shapes and sizes. Projects are often looked upon as opportunities by leadership, but they also require planning, budgeting,…

When insurers face unique business challenges, proprietary software may be the best, or only, solution. Insurance companies with limited options for complex business models, niche processes, or unique business opportunities seek solutions to build proprietary software. This fifth in our…

General Ledger conversions are a heavy lift for any insurance company, and they come with substantial costs. Your accountants already work long hours before an implementation project doubles their workload. Complex projects face considerable risk of failure during the lengthy…

With the growing complexities of competitive business models, relying on strategic vendor relationships has become a widespread necessity in almost all industries. Having trusted vendor relationships, particularly in software implementation or software as a service (SaaS), can mean the difference…

Insurance companies, in the age of digital transformation, see opportunities in replacing legacy IT systems with third-party software solutions. This third in our series of articles about digital transformation in the insurance industry looks at third-party software solutions for replacing…

In the insurance industry, a lot rides on a single decision. Choosing the core software system may be one of the longest-lasting and most large-scale decisions an organizational leader may make. Unfortunately, selecting the wrong software architecture or implementing a…

Deciding whether to update your insurance company’s legacy information system is the business equivalent of determining whether or not you want to replace the failing transmission in your otherwise reliable, 10-year-old car with 200,000 miles on the odometer. Will that…

  Accurate or not, the use of technology and systems development in the insurance industry has the reputation of being conservative. That approach may have worked in the past. Today, insurance companies need high-quality information to make better-informed decisions. Going…

It’s 9 a.m. on a Saturday. Something failed at work, and you are “on call” this weekend. The legacy system limps on life support, years past its expiration date. Those who understand the system’s ailments, idiosyncrasies, and inner workings have…

The budget is approved, everyone agrees on the need, and you’ve possibly even hired a vendor to help you navigate the massive undertaking of the new complex project. Everyone on the team has their idea of “success.” The looming question:…