Insurance Legacy Systems
Today’s tech-fuelled world business world, companies are constantly looking for ways to streamline their operations and cut costs. One area where significant savings can be achieved is in the management of insurance legacy systems. Legacy systems are outdated, inefficient, and often costly to maintain. However, many companies are hesitant to upgrade or replace these systems due to the complexity and potential risk involved.
As an advocate for innovation and efficiency, I believe that Solix solutions can provide a game-changing solution for companies looking to address their insurance legacy systems. Solix offers a comprehensive suite of services, including application retirement and decommissioning, that can help organizations rationalize their application portfolio and reduce infrastructure costs.
By transitioning away from complex, on-prem legacy application management to modern, SaaS-based alternatives, companies can eliminate the maintenance, licensing, and infrastructure costs associated with legacy systems.
- A real scenario where Solix’s approach could be useful is in the case of a large insurance company looking to decommission its outdated claims processing system. The company is facing increasing pressure to reduce costs and improve efficiency, but they are concerned about the potential risks involved in migrating to a new system.
- By leveraging Solix’s expertise and technology, the company can retire its legacy application at a low, fixed monthly cost, while still maintaining access to important data through text search, legacy reports, and ad-hoc query.
Cost savings from legacy application decommissioning can be as easy as walking through the data center and picking up one-hundred-dollar bills. A study by the Compliance, Governance, and Oversight Council showed that the average annual cost savings for decommissioning inactive applications were $40,000, and for larger, enterprise-class applications, the annual savings could exceed $120,000.
With Solix’s application retirement and decommissioning services, companies can retire and decommission legacy applications, meet compliance goals, and leverage application-specific accelerators for various platforms.
The solution also provides end-user access to legacy data through full-text search, forms, reports, and ad-hoc query, ensuring that important data remains accessible and usable.
In Wind·up, Solix solutions offers a cost-effective and efficient way for companies to address their insurance legacy systems. By leveraging Solix’s expertise and technology, organizations can streamline their operations, reduce infrastructure costs, and improve overall efficiency.
So why wait? Take the first step towards a more streamlined and cost-effective future by exploring Solix solutions today.
For more information on how Solix solutions can help your company save money and time on insurance legacy systems, please visit Solix.com. Remember, we work with companies large and small, providing tailored solutions to meet your specific needs. Don’t miss out on this opportunity to transform your business and achieve significant cost savings.
