February 2020
Testing Drives Agility and Savings
Testing Drives Agility and Savings at a Private Mortgage Insurance Company
Prolifics implemented a Testing Center of Excellence (TCoE) using automation to execute hundreds of parallel projects.
The new TCoE provides continuous support with an advanced Test Automation solution that is executed bi-weekly before migrating any changes into production. This solution achieves 97% Defect Removal Effectiveness and over $1 Million in savings annually.
Financial Services: Rapid Auditing Capabilities [Video]
In today’s financial services landscape, organizations are expected to process massive volumes of data with speed, accuracy, and transparency. Auditing, in particular, plays a critical role in maintaining trust, ensuring compliance, and delivering fair outcomes for customers.
This short video highlights how Verus Financial transformed its auditing capabilities by modernizing its analytics environment. By combining advanced analytics platforms with expert guidance, the organization achieved faster insights, higher accuracy, and improved operational efficiency without compromising data integrity.
The problem
Verus Financial specializes in analyzing millions of financial records to identify unclaimed assets and return them to their rightful owners. This work requires extremely high levels of accuracy, as even minor errors can impact customer trust and regulatory compliance.
As data volumes increased, Verus Financial faced a significant challenge:
How can millions of records be analyzed quickly and efficiently while maintaining consistent accuracy and audit quality?
Traditional auditing approaches struggled to keep pace with growing datasets. Analysts spent too much time validating data, running manual checks, and reworking reports. This slowed decision-making and limited the organization’s ability to scale operations effectively.
To continue serving customers better and faster, Verus Financial needed a more advanced, data-driven approach to auditing, one that could deliver reliable insights at speed.
The Solution
To address these challenges, Verus Financial implemented IBM InfoSphere and IBM SPSS software as part of a modern analytics and data quality strategy.
These platforms enabled the organization to:
- Process large and complex datasets more efficiently
- Improve data quality and consistency across audit workflows
- Apply predictive analytics to identify trends and anomalies
- Reduce manual effort through automation and advanced modelling
- Support faster, more confident audit decisions
By leveraging these tools, Verus Financial moved away from slow, manual auditing processes toward a scalable, analytics-driven model. This shift allowed teams to focus on higher-value analysis rather than repetitive data validation tasks.
The role of Prolifics
Prolifics played a key role in ensuring the success of this transformation by bringing deep experience in predictive analytics, data quality, and enterprise data platforms.
Rather than focusing solely on technology implementation, Prolifics adopted a strategic, long-term approach that aligned analytics capabilities with business goals.
Key contributions included:
- Architecting predictive analytics models to improve audit accuracy and consistency
- Strengthening data quality frameworks to ensure reliable and trustworthy outputs
- Acting as a strategic advisor across current initiatives and future analytics roadmaps
- Providing coaching, mentoring, and in-depth technical training to internal teams
This hands-on support helped Verus Financial build internal expertise while ensuring the analytics environment could evolve with changing business and regulatory needs.
The Results
The impact of the solution was immediate, measurable, and sustainable. By modernizing its auditing capabilities, Verus Financial achieved significant improvements across accuracy, speed, and efficiency.
Key outcomes included:
- 99% audit report accuracy, strengthening trust and compliance
- Audit iterations increased from 3 to 30 per week, enabling faster insights and decision-making
- Analyst training time reduced by 14 months, accelerating productivity and lowering operational costs
These results demonstrate the value of combining advanced analytics technology with expert guidance and strong data governance practices.
Why It Matters for Financial Services
For financial services organizations, rapid and accurate auditing is no longer optional. Customers, regulators, and stakeholders expect transparency, accountability, and timely outcomes.
This case highlights how predictive analytics and data quality solutions can:
- Improve audit reliability at scale
- Reduce operational bottlenecks
- Enable teams to work smarter, not harder
- Deliver better customer outcomes faster
It also reinforces the importance of partnering with experienced advisors who understand both the technical and business aspects of enterprise analytics.
Watch the Video
See how Verus Financial achieved rapid auditing capabilities in action.
Portland State University Success Story
PSU graduates to the next level with IBM COGNOS TM1
Customer profile
- Nationally acclaimed school in downtown Portland
- Over 3,500 staff members, 29,000 students
- Over 220 degree and educational program offerings across eight schools
Key challenges
- Limited public funding creates constant pressure on expense management
- Challenges with accurate student enrollment planning
- Existing Excel templates were fragmented, inconsistent and manually intensive
- Difficult to consolidate data from various academic and administrative offices
- Data integrity
Objectives
- Structure and automate the university-wide budgeting process
- Automate data integration with Ellucian Banner
- Overall process optimization and automation
- Standardize and integrate planning sub-modules
Results
- Integrated web-based, workflow-managed planning solution
- Significantly shortened budget and forecast cycles
- Automated integration of Ellucian Banner structures and data
- A low-maintenance and efficient solution with minimal burden on Finance
- Better data, better analytics!
Strategic Roadmap Drives Efficiency for Mortgage Lender
Client Background
Founded in 2002, the client (hereafter referred to as the Company) is one of the fastest-growing mortgage lending and financial services firms in the country. This leading privately held mortgage lending firm provides loan services across one hundred retail branches in 40 states.
Business Challenge
The Company is driven by one core commitment: provide customers with unparalleled quality of service. The Company delivers on this commitment by relying on a series of processes that ensure rapid loan processing and management. However, as leadership prepared for anticipated business growth, it sought to build a new IT platform that would streamline these critical business processes and integrate with their existing retail applications.
The Solution
Prolifics engineered the solution that meets the following criteria:
- scalability which ensures growth at all platform layers to meet future business transaction volumes;
- visibility which provides real-time insight into loan statuses and troubleshooting needs;
- efficiency which enables consistent, accurate management of as many as 50 times more loans.
Download PDF to learn more:
Portland State University Streamlines Budgeting and Controls Costs
Answers in Analytics: Portland University Success Study
Problems:
- How to streamline budgeting
- How to control costs
- How to increase student retention
Solution
Portland State University implemented IBM Cognos BI and TMI for control over finances and student retention.
Results
- Portland State University now has deeper insight into budgeting and student performance;
- It can manage finances to keep tuition costs low.
The role of Prolifics
- Prolifics helped PSU structure and automate the university-wide budgeting process;
- Prolifics automated integration of Ellucian banner data;
- Prolifics extended the solution to include enrollment and tuition revenue planning.
“Prolifics was able to take a budgeting system which was inadequately designed and turned it into a fully functional system which is user friendly, much easier to maintain and incorporates best practices.”
– Robert Naranjo, Business System Analyst/Programmer, Portland State University
Verus Financial: Innovating the Life Insurance Industry
Description
Verus Financial is innovating the way insurance companies are measured to meet the expectations of their policies and, most importantly, their clients. Trust comes at a cost, and when you are purchasing life insurance, you want to be sure that the money you leave behind falls in the right hands.
Enter Verus Financial, who developed a sophisticated approach to ensure that a life insurance policy is paid appropriately, and that if no heir remains, the funds are paid back to the state where the policy is held. This approach, which began as a small grassroots effort, has ballooned into a profitable business model. Verus is now planning to partner with each state to ensure that taxes are being corrected accurately. Verus is creating a new business to measure businesses and individuals and audit taxation records to ensure each state is collecting taxes in an optimal fashion.
Transcription
Peter Lee, CTO/CIO of Verus Financial:
The name of the game for us is really to detect, identify, document and follow up all the compliance events so we’re sort of doing forensics work if you will. We actually analyze millions and millions of records. So the only way we can do that is using data analytics IBM has been the business enabler and the foundation for Verus Financial and that is not a…that’s really not a commercial statement. That’s the truth.
We use the IBM software to prepare the data, we run through the statistics, we analyze the data, we detect patterns, we detect abnormal situations or simply normal events or data and so all of those capabilities allow our analysts being able to do their job better and we also can do a much deeper analysis. Prolifics, really I can’t say enough good things because they’re very responsive, they deliver what they say they would and are very helpful. Really, we see them as an integral part of our business planning. For me for example, every technical purchase, every project we, do we involve them.
Retail Integration Kit
The retail industry never stands still. From omnichannel shopping to stricter compliance regulations, enterprises face constant pressure to adapt quickly while delivering seamless customer experiences. Yet many retailers struggle with disconnected systems, manual processes, and limited visibility across their operations — challenges that drive up costs and hinder growth.
To thrive in this fast-moving environment, integration is no longer optional, it’s essential. That’s why Prolifics developed the Retail Integration Kit — a flexible framework that unifies applications, data, and business processes to accelerate digital transformation. With end-to-end integration capabilities, enhanced compliance, and adaptability for both off-the-shelf and custom systems, the kit empowers retailers to optimize operations, safeguard data, and respond faster to market shifts.
Let’s make your retail systems work as one. Connect with Prolifics today to start your integration journey.
Challenges and Trends Facing the Mortgage Banking Industry
There are several macroeconomic and industry-wide factors facing mortgage banking, all of which have a significant impact on technology strategies and solutions for retail mortgage banking participants. Properly assessing these trends and aligning a technology strategy to address them will be paramount in ensuring competitive success in the years to come.
Prolifics Places 13th in World HRD Congress’s 2017 “Dream Companies to Work For” Rankings
Mumbai, IN — Prolifics has been named one of the elite “Dream Companies to Work For” at the 25th annual Times Ascent World HRD Congress.
Prolifics was one of 15 companies honored with this recognition and trophy, out of over 750 India-based nominees. The award cements Prolifics’ place as a preeminent employer that utilizes a global delivery model to create top-quality solutions for clients around the world.
“I am delighted that Prolifics has received this well-deserved award,” said Mark Nechita, Head of Global Human Resources for Prolifics. “This is a testament to our people, who are the key to our success. Without their passion for our clients, we would not be able to achieve the consistent results that have made Prolifics a leading solutions provider.”
The World HRD Congress, sponsored by human resource development and employment opportunity periodical Times Ascent, celebrated its 25th anniversary this year. The event, which encompasses all elements of human resources, saw 208 speakers across 90 sessions, with over 1,400 business leaders in attendance. The awards honor organizations that produce tangible business results through innovative initiatives that promote better HR practices.
About Prolifics
Prolifics creates a competitive advantage for organizations around the world by implementing customized, end-to-end IT solutions that achieve business success, leveraging leading technologies in a global delivery model. For more than 35 years, the company’s technology expertise, industry-specific insights and certified technology accelerators have transformed organizations around the world by solving complex IT challenges. For more information, visit Prolifics.