LIDP Consulting, Inc. Announces Availability of Fixed-Cost System Consolidation
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WOODRIDGE, Ill., May 17 -- LIDP today announced the availability of fixed-cost consolidation of legacy life, health and annuity administration systems to a single platform. For the first time, insurance carriers are able to consider a single, fixed price for the entire system consolidation effort -- from system enhancements, to interfaces, to contract conversion, to elimination of troublesome legacy systems.
"This is an exciting opportunity for the insurance industry," said Andy Strevell, LIDP's Vice President of Strategic Application Architecture. "We have done so many conversions, and seen so many different scenarios, that we can now mitigate the risk for insurers who haven't previously been willing to take a chance on a system conversion. Insurers can now move to a fully real-time, ACORD-compliant system environment and know exactly what the entire project will cost."
Keith Guard, LIDP's Director of Sales, is enthusiastic as well. "By offering a fixed cost for legacy consolidation, LIDP is taking the bulk of the risk off of the shoulders of the insurance carriers. Our prospective clients have known that they have needed to do this for a long time, but there were always too many unknowns...now they're asking themselves, 'Why wait?'"
It all starts with a no-cost, no-obligation visit by insurance experts from LIDP. During this discovery session, LIDP will work with the insurer's subject-matter experts to understand the overall project scope. LIDP will then provide a fixed cost for the next phase, the implementation study.
During the implementation study, even deeper analysis takes place, identifying interfaces, conversion effort, system enhancements, correspondence effort, ad-hoc reports, and everything else that is needed to offer a comprehensive replacement environment. The output of the implementation study is a comprehensive project plan, with a fixed cost for all LIDP effort.
"We've taken the guesswork out of systems consolidation," said Bill Schnittker, LIDP's President and Founder. "We're using our years of experience, our insurance and technical expertise, and our ability to get the job done right, and we're offering the insurance industry a way to move to a modern, proven solution with very little risk. Carriers can quickly make a decision that will result in drastic reduction in operating expenses, and the ability to bring new, advanced products to market quickly. It's exactly what this industry has needed for a long time."
About LIDP
LIDP Consulting, Inc. has provided software and services to the life, health and annuity industry for over 25 years. LIDP specializes in comprehensive administration solutions and legacy system consolidation.
Contact:
Keith Guard, Director of Sales
LIDP Consulting, Inc.
630-829-7100
http://www.lidp.com/
Source: LIDP Consulting, Inc.
Web site: http://www.lidp.com/
