Sunday, January 3, 2016  04:59 AM

If you were transforming a large building, you have access to its blueprint to avoid negative consequences and utilize the strengths of its structure. However, when transforming your organization, you often have to take risks because of a lack of such detailed insight into the structure of the organization.  Most executives understand this lack of detail, but still have to take a head-first dive in the murky waters of transformation because creating an organization’s blueprint requires time, money and skill that most organizations don’t have.

   Read more ...

Thursday, December 17, 2015  07:14 PM

Software applications for the insurance industry have greatly evolved over time.  After the industry graduated from its earliest days, in which customized mainframe applications that were unique to each company were dominant, various standardized applications began to emerge for the specific functions required by insurance companies. From the beginning of this century, the insurance software market has matured to a point where almost all vendors offer an “all-in-one” set of software (a “suite” of applications) which cover underwriting, billing, and claims. Similar suites are available on the accounting side, covering accounts receivable, accounts payable, general ledger management and statutory reporting. However, each component in a suite may not be the most popular, or “best of breed” program for that function.   Read more ...