Accelerating Digitalization — Team SwiftAnt’s Viewpoint for Enterprise / B2B integrations
Let us start this discussion by asking, why is integration so important?
Business Case for seamless integration: Research proves that B2B Digital Leaders turn in much stronger financial performance and establish competitive market differentiation as their Order to Cash cycles are very low (when compared to customers). Such digital leaders also deliver much higher customer delight, with visible and simplified supply chain. So, the maxim is simple and straight-forward i.e., “interconnecting islands of automation takes a lot of inefficiencies out of business processes”.
What is the problem? When the business case is so clear — what is delaying the legacy businesses to come out and address the seamless integration challenges? We think the problem lies in old school thought process + mindset issues. …
Many insurers consider the cloud to be a good option for processing and storage of insurance data. For example, insurers can leverage the use of cloud computing to store customer records including policy details and claims history. This will enable all agents to have access to similar information and hence reduce the time and effort of obtaining the same information from a customer when the customer is transferred from one agent to another agent.
Introducing The SwiftAnt C.A.R.E Model
Digitalization when correctly implemented, will lead to increased profitability (EBIT MARGIN & Net profit margin) and will create sustainable competitive differentiation. Success of the Digitalization is dependent on Planning, Execution and Governance. Technology costs have significantly come down in last 10 years & Cloud is enabling OPEX models with zero wait times for Infrastructure and computing needs, thus the Digitalization is affordable and can be achieved quickly.
Key challenge is ability of the enterprises need to quantify how the digital initiative(s) lead to generating business value in measurable ways:
· What new business capabilities will be created that did not exist before? …
Digitalization in the insurance industry
“Raising customer expectations & rapidly growing InsureTech start-ups are reshaping the Insurance Industry. Insurers need to leverage Cross-Industry Collaboration, Digitalization, Analytics, and Automation to stay competitive in the business.”
For years, everyone were talking about “Digital” however as per recent global survey (by HBR & McKinsey), adoption of the “Digitalization of business processes” is less than 15% in businesses.
Globally, Insurers are planning to improve their financial performance, improve customer satisfaction, stay competitive with better insurance products at reduced premium rates.
With emerging trends like Usage based Insurance, Digitalization is a must (and no longer an option), however the adoption of the “Digitalization of business processes” is low & very slow due to 2 key “Digitalization” myths that need to be busted. …
October 28, 2020: Today we announced that Microsoft Teams reached 115 million daily active users (DAU). This growth reflects the continued demand for Teams as the lifeline for remote and hybrid work and learning during the pandemic, helping people and organizations in every industry stay agile and resilient in this new era.
Source: Microsoft Blog
Accelerating Digitalization — Team SwiftAnt’s Viewpoint for Enterprise integrations, that impact everyone in the Organization.
Key point to this discussion is how are businesses leveraging Microsoft Teams? Our observation is that many of them are using it as a collaboration platform with primary focus on messages, video calls and meeting rooms. These capabilities existed since early 2000s in many forms, so we started asking what is so great about using Microsoft Teams. …
“Co-creating digital excellence in Insurance Industry while preventing frauds”
SwiftAnt has succeeded in coming up with a digital insurance platform, that has made the process of insuring a vehicle very simple. The only thing certain about life is uncertainty! That’s just why insurance should be easy to purchase, access and claim. With the help of SwiftAnt’s application, any person can take up an insurance policy for their vehicle on the go. SwiftAnt endorses a 1-week proof of concept which includes a hybrid session of assessment and a workshop for simplifying the motor insurance experience by bringing in digitalization. …
“Using Logic Apps to transform EDI translations from CAPEX centric to OPEX”
Swift B2B Integrator is the right solution to use for replacing EDI setup on an on premise CAPEX centric environment with an OPEX model. The power of digital transformation can only be experienced and enjoyed when the resources are utilized to their full potential. Enterprise integrations carried out using Swift B2B integrator + Microsoft Logic Apps happens beyond the traditional method using pre-built components that are configurable for Bot Driven Customer Service. This unconventional method is known to significantly help a business by cutting down the cost by a great margin.