10.08.2017 to 22.08.2017
at P3

THE PROBLEM: Converting multiple Agency systems to one newer system

A large diversified Midwestern financial services organization needed to retire their old agency systems and move the data from those multiple systems onto a new Agency system. They had agents on several systems, getting multiple commission statements and checks. When there was an administrative change for an agent, it had to be entered on several systems to keep in sync. Vesting records and contract dates varied on the multiple systems causing discrepancies. Additional staffing was necessary to administer the multiple systems, from agency services to nightly cycle staff. Combining Agency records to one system allowed the company to achieve major cost savings. Multiple product lines were involved, such as life, annuities, health and DI…