Accenture is a professional services corporation that has global capabilities in cloud, digital, and security domains. With proficiency and dexterity spanning across more than 40 sectors, Accenture provides a range of services such as Strategy and Consulting, Technology and Operations Services. It also features something named Accenture Song, powered by an extensive network of Advanced Technology and Intelligent Operations centers. It caters to clients in more than 120 countries, harnessing the capability of transforming changes into values to foster shared success.
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Product and business configuration flexibility to drive speed to market. Base first approach - stay close to base and complete regular upgrade to latest version. Continued investment in base version both for front end functionality and back end technology. Strong vendor relationship with focus on understanding and meeting customer needs.
New Business and Policy Admin all in one integrated system. Modern architecture Automates manual processes and flexibility of automating additional processes
Flexibility of configuration, most anything we need to do, it is either configurable or extendable to accomplish it.
Enhancements, while rarely needed, have a longer timeline. Limited flexibility for migration of product configuration between environments.
Cost ALIP is more geared to simplified issue versus fully underwritten life insurance products. Lack of basic life insurance product functionality which drives cost and timeline expansion.
The process used to manage config change and upgrades is very manual and lends itself to human error due to the lack of automation. they are making changes to the architecture to address these concerns in the next version though.