Conversion of 7 Legacy PAS Systems to a Modern PAS
The client is a not-for-profit fraternal benefit society and a Fortune 500 Financial Services organization that offers financial products and services including life insurance, annuities, disability income insurance, health insurance and bank products to its nearly 3 million members.
Modernize one PAS with capabilities required for all lines of business. Migrate all policies (about 1.8 million) from seven different PAS system to one modern PAS system Reduce time to market for new products
The client had 7 legacy PAS systems, some with multiple versions. Out of these 7 systems, 5 systems were Third-Party technology platform systems. Multiple PAS systems were causing: Extended Time to market. High cost with Legacy applications. Time taking MIS management. Low adherence to regulatory compliance. Data accuracy issues with policy migrations.
These multiple PAS had to be migrated to modern PAS in the client’s landscape for different product lines.
Coforge SMEs have rich experience in transformation projects. With this expertise, Coforge had formulated a Proprietary Conversion Framework that can be applied to all conversion projects with different complexities and combinations. This is a Time-tested
Estimation Model, based and built on -
Actual conversions handled, Key Business Parameters used as input, Caters to Multiple LOBs and Platforms, 90% Accuracy in Estimation.
Data Conversion Framework is broadly divided into four major categories:
Data Profiling Source Data Extraction Process Key Fields identification Data Profiling (with toolkit) Data Quality report setting Conversion Readiness Decision on File to File conversion or Cycle up Conversion Decision on Point in time conversion or Inception to date conversion Conversion Strategy Issue contracts in Target system Process till last Anniversary Apply Transaction post Anniversary Cycle up to current date Conversion Flow – Map, Transform, Dry Run and Balance reports Data Migration Conversion Run in Production Check Balancing for accuracy Take go- or no-go decision Post Conversion Warranty Archival and sun-setting. Partial Conversion Full Conversion
The framework is also equipped with tools and accelerators built in-house to help carry out conversion process in a smooth and accurate manner. Following tools were used
Conversion Clone tool for testing, Automated Retrofitting Tool, Conversion accuracy testing tool, Automated Regression tool, Test Bed creator, Data Quality Analysis Report and Source data sampling report
Coforge followed its framework and tools to execute the migration which would have been otherwise very complicated and cumbersome. With the Framework, the activity was quite systematic, right from Data profiling till building transactions in Target system, full proof with exhaustive testing at intervals. MIS reports and alerts on errors at much early stages have further saved time and iterations.
Applications in Scope:
Policy Administrative Systems and Interfacing Applications:
COBOL, JCL, DB2, SAS and REXX
Code configuration management tool- Endevor Debugging tool- Xpeditor File browsing- FileAid DB2- Platinum, SPUFI Job Scheduler - ZEKE The Impact – Amplifying Outcomes Migrated approximately 2 Mn. Policies with 99.9% conversion accuracy and 100% financial balancing. 50% Migration effort reduction due to automation in Conversion Testing. Cost of maintenance and operations has drastically come down. Quicker time to market new products – 8 months previous brought down to 4 months. Better compliance to regulations.