PROVEN METHODS - Phased Transition

A crucial distinction between ReAcct Systems and other reinsurance systems providers is our phased approach to implementation. A successful implementation is dependent upon many factors, most especially the availability of data and resources. Many systems are never fully implemented because the goal is to move all operations to the new system at one time. We believe there are flaws inherent with this approach.

​

The ReAcct System was designed to support a phased approach to implementation that provides numerous benefits:

• Prioritized business segments are automated quickly and permanently, without the need to maintain them on the legacy system.

• As each segment is automated, existing staff is freed up to automate additional segments. The benefits of automation are realized in a much shorter time frame, without duplicative effort or the need for additional staff.

• The project plan lays out the sequence in which the business is to be automated and the staff is organized to work collaboratively. For example, while one person abstracts reinsurance contracts for one segment, the accountants are verifying system results on another. This serial approach is proven and effective.