A Major Insurance Company Reduced Transaction Processing Volume by 99.7% Using Geocoding Optimization and Cloud Migration Solution

Challenges

The client’s Geocoding Service contract was nearing expiration, threatening both cost efficiency and business continuity.

• Expiring Geocoding Service contract with high renewal costs
• 1.4 billion transactions significantly inflate expenses
• Need to redesign data-intensive jobs and minimize transaction counts
• Tight deadline for implementation
• Ensuring uninterrupted business continuity during transition

Solution

Coforge implemented a strategic optimization and cloud migration program to redesign geocoding workflows and control transaction costs.

• Conducted end-to-end mapping of service calls and data jobs
• Analyzed service call patterns to identify redundant executions and heavy data flows
• Redesigned algorithms and eliminated duplicate jobs to reduce transaction volume
• Collaborated with end users and vendors for smooth implementation
• Achieved contractual compliance by bringing the transaction count within the allowed limit

The Impact

Coforge’s intervention resulted in major operational and financial benefits:

• ~90% reduction in batch job execution time
• $750K savings in contract renewal costs
• 99.7% reduction in transaction processing volume