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Solutions to enable organizations create a shared platform through consolidation & assembly of common assets - technology components and transactional business services.

ValueMomentum is helping its Clients enable Process Automation for key Fulfillment, Acquisition, Servicing Processes (Including Claims, Loan origination, Policy Management) and doing so in a manner so as to leverage their existing systems. ValueMomentum is assisting Insurance and Lending Enterprises Rationalize and Consolidate existing applications using different approaches:

• Rationalize silo’d applications and structure them as a set of common reusable services accessible by other applications to reduce duplicate code.
• Leveraging the SOA approach, create a foundation that serves the entire enterprise, not discrete business units in isolation (Enterprise Shared Platform) to support needs of multiple groups.
• Lower new system development time by using reusable services in the Enterprise Shared Platform.
• Gain resource synergies and cost savings through modular and shared structure for applications.
• Reduce the complexity and number of connections between applications. Maximize reuse of already built applications and technology assets.
• Externalize existing Standard-processes (enterprise processes that are applied uniformly to all Customers, in all situations) from silo’d systems and automate them. Currently, whenever such processes involve multiple systems, manual participation is required to look-up data or decisions from other systems. Externalization allows reuse and eases maintenance.
• Introduce the capability to determine, at the time of a transaction, which set of activities to be performed and in what sequence based on Account type and situation (i.e. introduce new, rules driven, Dynamic-processes)

With the advent of technologies such as Business Process Management (BPM), Business Rules Engines (BRE) and Web Services and approaches such as Service Oriented Architecture (SOA), many of the above needs can be fulfilled.