Posted by: Martin Mercer in Success Stories
Situation:
First Assured Warranty was using a proprietary order entry and claims administration system (FAIS) that was written in a procedural language that did not anticipate the existence of the Internet. Numerous elements within the system were "hard-coded" making expansion virtually impossible. As the company grew, the complexity of the business model increased, and the FAIS system was incapable of handling the ever-increasing volumes and the changing business paradigm. Being an Internet company, it was crucial that the company be an industry leader in using the latest Internet technology to gain a competitive edge.
Action Plan:
Results:
The project was completed on schedule and the Apex system was implemented within the two-year development deadline and within budget. The new system has provided the means to expand company offerings into new markets that had previously not been possible. The built-in redundancy and clustering features allow the simple addition of servers to handle increased loads wherever needed. Because of the Apex system, the Company has expanded into offering extended service contracts on motorcycles and RVs and can add new product lines with very little new development. The new Apex system has allowed the company to add hundreds of dealers to its business partner group, representing an exponential increase in contract sales with only minimum increases in resources. Continual implementation of the newest Internet technology pre-empts competition quickly and provides an ongoing exceptional competitive advantage.
Zoom in using the +/- tools on the left. Click on each photo for more details.