February 2020
Prolifics Ranks Second in “Dream Companies to Work For” in 2020
Prolifics is excited to be recognized as one of the top “Dream Companies to Work For” in 2020. We ranked second at the 28th annual Times Ascent World HRD Congress. After first making the list at 13th four years ago, our company has continued to move up to ninth, seventh and now second. The recognition as a leader by the World HRD Congress is truly an honor and a testament to our Prolifics team.
“This award highlights our dedication to being a dream place to work for by our employees and confirms the direction we have taken over the years to providing a high-quality work environment,” said Partha Patnaik, Global Head of Human Resources for Prolifics.
“Our people are integral to our business success. Prolifics’ consistent results as a leading digital solutions provider can be attributed to the dedication our employees show toward every client and every project.”
Along with this award, Prolifics received eight additional awards during the event. These include Leading HR practices in quality work-life, Company of the Year – Mid-size, Dream Employer of the year, and Dream company to work for – IT and Software.
The World HRD Congress, sponsored by human resource development and employment opportunity periodical Times Ascent, celebrated its 28th anniversary this year. The awards honor organizations that produce tangible business results through innovative initiatives that promote better HR practices.
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]
The problem
- Verus Financial analyzes millions of records to return unclaimed assets to their rightful owners. The problem: how can it quickly and efficiently gain accurate insight from millions of records to serve customers better and faster?
The Solution
- Verus Financial implemented IBM InfoSphere and IBM SPSS software to increase efficiency, speed and performance.
The role of Prolifics
- Architected predictive analytics models and strengthened data quality;
- Acted as Strategic Advisor across projects and future solutions;
- Provided coaching, mentoring, in-depth technical training.
The Results
- Verus Financial achieved 99% audit report accuracy;
- increased from 3 to 30 iterations a week;
- reduced analyst training time by 14 months.
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.
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.