PREPARATION SERVICES   Features   Software Selection   two   Business Process Redesign
 
  SOFTWARE SELECTION
 


Our service offers Insurance Companies the expertise needed to choose the Third Party Vendor Solution that aligns with the business requirements (needs/demands) RIGHT.

In our experience, we have seen Companies struggling to identify the right fit software solution and the reasons, generally, fall into one or more of the following categories:

Our premise is that the best recipe for organizational success is the right combination of Business process design and IT Systems. We evaluate the current business processes in the context of Business Functions/Key Stakeholders/Operational Model and current IT Systems Platform to determine their level of efficiency and sufficiency. The outcome of the evaluation helps us draw up an IT enabled business process design - one that not only helps establish standard core at the organizational level but also allows flexibility for context based variations such as Distribution Channels, Territories and Lines of Business.

   
  • Overwhelming choices of the IT Solutions in the market
  • Lack of market knowledge and technology trends
  • Lack of experience and internal competence for defining and consolidating the expectations from IT- Enterprise Systems replacement is one-off activity with an average 8 year replacement cycle
  • Varying, and sometimes conflicting, demands of the users across levels and functions








Considering the criticality of technology for business functioning and competitive positioning, Companies cannot afford a poor decision. At Manomay, we take a scientific approach to Software Selection that is based on our deep insurance industry knowledge, understanding of the vendor market/IT Systems and working experience with multiple customers & vendor solutions across geographies. With this, we help customers consolidate their expectations, specific to their business, evaluate the Vendor Softwares in the market and decide on the RIGHT-FIT SOFTWARE.

   BUSINESS PROCESS RE/DESIGN

 
Our service helps Insurance Companies draw up the most efficient Business Process Architecture that is a combination of standardization and flexibility.

Our premise is that the best recipe for organizational success is the right combination of Business process design and IT Systems. We evaluate the current business processes in the context of Business Functions/Key Stakeholders/Operational Model and current IT Systems Platform to determine their level of efficiency and sufficiency. The outcome of the evaluation helps us draw up an IT enabled business process design - one that not only helps establish standard core at the organizational level but also allows flexibility for context based variations such as Distribution Channels, Territories and Lines of Business.