In today’s ever changing market, it should be no surprise that as much as 80% of the operational costs of some banks is directly related to the multitude of disparate core systems running within one organization. Typically, mergers, acquisitions and consolidations are responsible for leaving the typical banking firm with multiple overlapping core systems that lack the ability to communicate with each other. Clearly the combination of a lack of communication and repetition in data processing is costing financial firms large sums of money.
To further complicate the matter, the consumer tide has changed causing most banks to scramble to adapt their existing infrastructures to provide the new services and features like online banking and automatic bill payment that almost every customer has come to expect. At this point, the financial institution needs to make a decision whether to purchase an entirely new system or find some way to integrate the various systems they are already using. Currently, approximately 80% of all major banks worldwide are engaged at some level in the process of integration.
Incorporan Inc recognizes the need for flexible, yet robust solutions that make use of the combination of large monolithic data processing systems with leading-edge, smaller integrated but distributed systems. In this field, one solution is undeniably revolutionizing the industry: Service Oriented Architecture. SOA is able to serve as a platform which couples the existing mainframe systems with a whole new generation of composite applications developed specifically to meet customer demands. Furthermore, SOA infrastructure allows for the integration of new business logic or data modeling as well as real-time data flows.
Technology Services:
• Enterprise Technology Services
• IT Staffing Services
• Infrastructure Services
• Integration Services
• Software Design, Development and Testing
Due to increased competition and shifting consumer demands, the insurance industry has recently discovered that radical transformations must be undertaken in order to survive. As customer demographics continue to change and investments returns continue to fall, insurance companies are finding new ways to lower their operational costs, maintain legacy computer systems and better manage risk.
Some of the key areas affected by these sweeping changes include:
• Claims Management: Managing claims efficiently while limiting claims leakage, fighting fraudulent claims and improving customers’ claims experience seem to be conflicting goals.
• Underwriting: Rising customer service demands for quick sales cycles amplify the need for more efficient underwriting processes – processes that are usually time consuming, disjointed and manual.
• Customer Management: Customer service is a major cost area, yet an area where if insurers had one view of the customer would have more opportunities to sell additional products to existing clients.
Fortunately there is an answer to all of the questions raised by the changing landscape. That answer is Incorporan Inc’ Business Integration Solutions. Through channel integration, Incorporan Inc is able to connect every employee within the firm to the real-time data they need to maximize productivity and profitability. This includes integration of back office systems with front-end web portals that allow insurers to cross-sell or up-sell to the clients in real-time. This is all further enhanced with conveniences such as being able to purchase policies online or online claims tracking.
Technology Services:
• Enterprise Technology Services
• IT Staffing Services
• Infrastructure Services
• Integration Services
• Software Design, Development and Testing
The healthcare industry is transforming at its core. Healthcare organizations must adapt to these changes. Incorporan Inc is committed to delivering best in class services ,tools and customized IT solutions to our clients. We offer integration solutions for healthcare IT products with an emphasis on increasing productivity, efficiency and decreasing costs.
To achieve clinical, financial and operational excellence there is a need for healthcare organizations to invest in healthcare IT services. But most often organizations face challenges due to disruptive periods of implementation, training and adoption. Incorporan Inc’s implementation and healthcare IT consulting service teams work collaboratively with clients to design and execute a customized project plan that best suits the client’s unique timelines, software dependencies, hardware and network prerequisites, workflows and operational goals. Driving implementations to on-time, on-budget completion, the deliverable based project plan effectively enables organizations with improved organizational operational performance and revenue.
Incorporan Inc recognizes the need for flexible, yet robust solutions that make use of the combination of large monolithic data processing systems with leading-edge, smaller integrated but distributed systems.
Technology Services:
• Enterprise Technology Services
• IT Staffing Services
• Infrastructure Services
• Integration Services
• Software Design, Development and Testing
When a company sets out to reduce operational costs, one of the first problem areas identified is a lack of data and process automation. As companies continue to improve their existing services and provide new ones, new applications and systems are constantly being implemented. Typically this leaves a landscape of application or task specific systems with little or new communication among one another. This is an inherent problem because it prevents real-time data flows, real-time monitoring of information and requires human intervention. Further indirect costs are incurred because management is unable to monitor key performance indicators which can lead to bottlenecks, mismatching of supply and demand and increases production time.
As with any industry that requires the integration of multiple disparate systems, Incorporan Inc has a solution that meets any and all requirements. No matter what approach is taken, one guarantee is that after enterprise integration, company data flows will execute in real-time which allow for increased monitoring and analysis capabilities and ultimately a lower cost to own and operate. Furthermore, there exists a laundry list of fringe benefits that directly relates to real-time data flows and lower costs. The most important of these being the ability to manage actual operational execution.
Technology Services:
• Enterprise Technology Services
• IT Staffing Services
• Infrastructure Services
• Integration Services
• Software Design, Development and Testing
Increased pressure from competition and wholesale stores has forced the retail industry to maintain strict management over their entire supply chain in order to optimize the flow of merchandise. Only through optimal supply chain efficiency are retail stores able to continue to grow their sales and profits.
Incorporan Inc can help the retail industry by enhancing planning and execution phases across the entire corporation. Enterprise integration allows for real-time data to synchronize stock and shift inventory to where it is most needed.
Real-time management for inventory allows the retail industry to:
• Reduce operational costs
• Remove Supply Chain inefficiencies
• Have more effective Demand Forecasting and Merchandising
• Increase product availability
• Reduce Stock Levels
• Facilitate business expansion often through M&A
• Globalization
• Localization of Store Management
• Increase the speed of change of product items and customer behavior
• React proactively to a volatile environment
By implementing an enterprise process architecture, retail stores can gain the following benefits:
• Open new lines of distribution using wireless and online sales applications
• Integrate disparate internal and partner systems for increased efficiency
• Collaborate in real time with suppliers on planning, forecasting, and scheduling
• Increase profits by minimizing stockouts, high markdowns, high inventories, and late deliveries through improved supply chain communication
• Analyze vendor reliability in real time to improve supply decisions and product quality
• Increase customer loyalty by fulfilling sales promises and enhancing customer service
• Better serve customer by tracking purchases from order through shipment by leveraging real-time online visibility of process execution
• Optimize process execution by integrating online applications with key ERP modules
• Monitor process execution to identify additional areas for process improvement
• Analyze sales trends to react quickly to market changes
Technology Services:
• Enterprise Technology Services
• IT Staffing Services
• Infrastructure Services
• Integration Services
• Software Design, Development and Testing
As a result of the merging and acquisition of a large number of transportation companies, those that are left are finding that they need an enterprise solution that can help to streamline their operations and data flows. In order to gain an edge over the competition, it is virtually a requirement that management and data costs are reduced to a bare minimum. The most effective way to achieve this goal is to maintain a distributed system of customized applications for each aspect of the business. Running a singular one-size-fits-all system to run the entire business is neither cost effective nor is it useful for real-time data management.
Similarly, logistics companies which have recently began to globalize in order to gain a greater market share have a need to manage multiple systems for various aspects of their day-to-day operations. Like their transportation counterparts, logistics companies often need real-time access to data for such tasks as shipment tracking or scheduling.
Incorporan Inc is adept at helping companies streamline their operations in order to gain a competitive advantage. Whether it is integrating existing disparate systems or converting a monolithic giant into smaller management components for better data management, Incorporan Inc can provide a solution that will increase profitability through operational efficiency and a lower cost of system ownership.
Enterprise systems include the following benefits:
• Open new lines of distribution using online purchasing and sales applications
• Better manage relationships and speed communications with manufacturers through online supply chain management systems
• Analyze vendor reliability in real time to improve outsourcing decisions and product quality
• Enhance product lifecycle management by supporting such capabilities as online collaborative engineering and CAD integration
• Optimize process execution by integrating online applications with key ERP modules
• Monitor process execution to identify additional areas for process improvement
Technology Services:
• Enterprise Technology Services
• IT Staffing Services
• Infrastructure Services
• Integration Services
• Software Design, Development and Testing
