Policy Administration Rationalization Doc
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The document discusses back office systems challenges faced by insurance companies and options for addressing them. It covers factors driving change, how companies are responding, and lessons learned from replacement projects. Key points include that complete replacement costs $50-100M over 2-5 years but some benefits can come from front-end improvements. It's important to justify goals and have a clear vision, structure, and early benefits.
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Overview
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Transactional (Ex. depositing money in a bank)
Informational (Ex. accounting data financial statement)
The transformation model of a process
Inputs
Outputs
Process
5
What is a Business Process?
The Process View
Any organization entity or business can be characterized as a process or a network of processes
Based on the simple transformation model of a process
Has its origin in the areas of manufacturing and quality
The transformation model of a process
Inputs
Outputs
Process
6
What is a Business Process?
A more comprehensive process definition
A business process is a network of connected activities and buffers with well defined boundaries and precedence relationships, which utilize resources to transform inputs into outputs with the purpose of satisfying customer requirements
Process
Customers
Suppliers
Resources
Inputs
Outputs
7
Process Types and Hierarchies
Individual processes
Carried out by a single individual
2.Vertical or Functional processes
Contained within one functional unit or department
3.Horizontal or Cross Functional processes
Spans several functional units, departments or companies
Make up
Make up
8
Marketing
Operations
Accounting
CEO
Order Request
Order Fulfilled
Production planning
Vertical process
Horizontal process
Individual process
Buying a TV commercial
Illustration: Process Types and Hierarchies
9
Process Types and Hierarchies
Core cross-functional processes often have highest improvement potential
Core processes – essential for meeting market place demand through a specific strategy
Especially high improvement potential if a significant amount of non-manufacturing/service related activities
Reasons
Difficult to coordinate
Have not ke ...
IT Service Delivery Model Overview
A well-designed IT Service Delivery Model is critical to achieving success in IT management and operations. Many IT organizations focus on optimizing their technology assets -- the infrastructure and applications. However, in our experience, business value is achieved most effectively when technology assets and the IT service delivery model are integrated and work together seamlessly.
It Sales Presentation 2010 03 31
Is your technology an asset or a liability? This presentation defines the downward spiral many companies are in, without even realizing it.
EBook-ProcessvsProject-LLamasoft
Supply chain design was traditionally done through occasional projects but is now becoming a core business process. This is driven by advancements in technology allowing more detailed analysis, the fast pace of business changes requiring continuous optimization, and increased volatility. Establishing supply chain design as a centralized shared service can help organizations benefit from consistency, prioritization of initiatives, and identification of quick wins and game-changing opportunities.
EBook-ProcessvsProject-LLamasoft
Supply chain design is becoming a core business process rather than an occasional project due to changes in technology, business practices, and market volatility. Establishing supply chain design as a core process through a shared service center can help optimize the entire supply chain rather than individual business units. This centers of excellence approach avoids local biases and focuses on data-driven solutions.
EBook-ProcessvsProject-LLamasoft
Supply chain design is becoming a core business process rather than an occasional project due to changes in technology, business practices, and market volatility. Establishing supply chain design as a core process through a shared service center can help optimize the entire supply chain through continuous modeling, scenario testing, and identification of better future state networks. This provides consistency, standardized processes, and access to data that isolated optimization projects lack.
Improve Performance with Enhanced Insight into Profitability and Costs using ...
Improve Performance with Enhanced Insight into Profitability and Costs using HPCM presented by Edgewater Ranzal at Oracle EPM Day New York City 2015
HRIS and cloud
The document discusses the business case and lessons learned for moving an organization's HR systems to a consolidated SaaS/cloud solution. It notes that many companies have a mix of legacy on-premise systems and various standalone modules that need to be consolidated. Adopting a consolidated SaaS model can help achieve unified global HR processes, lower IT costs, and allow the HR department to focus on strategic initiatives rather than system maintenance. The document outlines considerations for the implementation process and governance of cloud solutions to ensure security, data privacy, and regulatory compliance.
Zero Wait-State Agile EC MCAD Implementation Quick Start Presentation
Our technical staff has developed a methodology and tool set that dramatically reduces the time and cost needed to deploy Agile Engineering Collaboration into production environments. We have worked with Oracle's largest Agile clients to enable CAD data management with Agile PLM and have a proven track record.
Avion, inc. a case study
Avion, Inc. is experiencing issues with its single supplier Foster Technologies including decreased material quality and lower on-time delivery rates. Both companies need to improve cross-functional teamwork and integration to better accomplish goals and increase their competitive advantage. Avion increased its order quantities and shortened lead times beyond what Foster could handle based on its plant capacity. Both companies need to analyze problems using root cause analysis, gap analysis and Pareto analysis. They must also improve communications, performance tracking and work as collaborative partners to resolve issues.
Eba beyond theory v6 notes
The document provides an overview of business architecture and its benefits. It discusses how business architecture can be used to (1) provide clear rationales for doing business architecture, (2) provide a filtered set of business architecture models, views and uses to mitigate project and analysis risk, and (3) suggest a staged execution model. The document then covers various topics related to business architecture including standards, blueprint models, the blueprint lifecycle, technology impact, and how to focus on getting the biggest bang for efforts.
ANI | Business Agility Day @Gurugram | Are you a responsible Business | Dilje...
Abstract:
In today's ever-changing environment, every business needs to deliver to its customers and stakeholders. Customers need the best value for money and convenience and Stakeholders need Return on their investment. Until business need, this cusp and ready to embrace the changes needed, would not be a successful business. This requires the utmost ability to respond to the changes in the environment. This requires business agility.
Key Takeaways:
1. Why business agility is very crucial in today's environment?
2. How to be agile as a business
3. Role of technology in this agility
4. Common principles between Business Agility and Software Agility
5. Ingredients to business agility.
It portfolio management case study presentation
This is a Portfolio Management Proposal for a board level meeting. Used to gain leverage from senior stakeholders to changes in a portfolio of IT projects and programmes. Narration not included.
Calto Commercial RIS Systems
This presentation was provided by Daniel Calto of Elsevier during the NISO virtual conference, Research Information Systems: The Connections Enabling Collaboration, held on August 16, 2017.
Doug Groves Shell S O A Symposium
This document discusses Shell's efforts to link service-oriented architecture (SOA) concepts with process standardization across its finance functions. It provides an overview of Shell's finance operations and processes, and describes how SOA can help drive process standardization by establishing governance, design, organization, skills/tools, data management and change management. The document also presents models for evolving IT and business models to support standardized processes delivered through shared services and standardized IT systems and services.
Operation strategy and competitiveness.pptx
The document discusses operations strategy and competitiveness. It explains that operations strategy provides a plan for how the operations function will use resources to support the company's competitive strategy. This includes decisions about facilities, worker skills, technology use, processes, equipment, and quality control. The operations strategy is developed based on the company's competitive priorities of cost, quality, time, and flexibility.
case study on operational strategy for an it organization.docx
The IT organization faces challenges of overworked employees, aging core technologies, and compressed project timelines. The assistant proposes three levels of strategies - aggressive, balanced, and moderate - to address each challenge. They recommend a balanced approach of upgrading some core technologies aggressively while taking incremental steps to improve employee workload and project planning.
case study on operational strategy for an it organization.docx
The IT organization faces challenges of overworked employees, aging core technologies, and compressed project timelines. The assistant proposes three levels of strategies - aggressive, balanced, and moderate - to address these challenges. An optimal combination of changes is recommended to improve operations while minimizing disruption.
Oracle EPM Day Boston - Improving Performance with Enhanced Insight into Pro...
Oracle EPM Innovation Day - Boston
Mike Killeen of Edgewater Ranzal presented on Improving Performance with Enhanced Insight into Profitability and Costs using Oracle Hyperion Profitability and Cost Management (HPCM)
Similar to Policy Administration Rationalization Doc (20)
Sustainment Dominated System (SDS) Life Cycle Affordability
Sustainment Dominated System (SDS) Life Cycle Affordability
1Introduction To Business Process Design2Overvie.docx
1Introduction To Business Process Design2Overvie.docx
Improve Performance with Enhanced Insight into Profitability and Costs using ...
Improve Performance with Enhanced Insight into Profitability and Costs using ...
Zero Wait-State Agile EC MCAD Implementation Quick Start Presentation
Zero Wait-State Agile EC MCAD Implementation Quick Start Presentation
ANI | Business Agility Day @Gurugram | Are you a responsible Business | Dilje...
ANI | Business Agility Day @Gurugram | Are you a responsible Business | Dilje...
case study on operational strategy for an it organization.docx
case study on operational strategy for an it organization.docx
case study on operational strategy for an it organization.docx
case study on operational strategy for an it organization.docx
Oracle EPM Day Boston - Improving Performance with Enhanced Insight into Pro...
Oracle EPM Day Boston - Improving Performance with Enhanced Insight into Pro...
Policy Administration Rationalization Doc
- 1. Justifying back office systems Considering the business case Discussion Document with ABC Insurance Company
- 4. What are the back office systems challenges? Do you keep current systems or consider other options? Current System Pros Cons Attributes Operational - Reliable - Inflexible - Well understood - Poor integration Costs - Original costs written off - High maintenance costs - Predictable and controllable Future capability - Some improvements possible - Slow time to market - Bolt on new - Product not customer focus - Changes resourced internally
- 5. What factors are forcing change? Factors forcing change competition from new entrants technological advances regulatory and legislative changes changing customer needs and perceptions market consolidation
- 6. How are companies responding? Company responses develop new flexible products focus on understanding customer needs improve time to market develop new distribution channels reduce costs adopt and adapt new ways of doing business
- 13. What other options are there? Replacement of core and integration with new Adapt and bolt on Create a ‘ wrapper’ Justify current systems Out-source or partnering agreement Use of third party administrator All variations on a theme
- 15. Can the costs be quantified? Total costs depend on size of organization and complexity of products Project Stage Replacement Create a of core “wrapper” Project start-up 5% 5% Project definition 5% 5% Project work 70% 70% Project closure 5% 5% Other Costs Hardware costs 5% 5% Software costs 10% 10% Business disruption ? ?