“Welcome
to the first issue of Adeptia newsletter. Over the
past four years we have growing list of customers, partners and friends who
have shown interest in our company and the solutions that we have to
offer. This newsletter is intended to
keep all of you updated on the latest news and events at Adeptia. We hope
you find the first issue of the Adeptia Grapevine informative and useful as
you plan to make the most of business improvement opportunities that surround
you.”
Company News Meadowbrook
Insurance Group selects Adeptia as enterprise-wide business process integration
product Meadowbrook
Insurance Group (MIG), a leader of Alternative Risk Solutions has selected
Adeptia as the core technology for its enterprise-wide integration strategy. Adeptia
solution has enabled automation and streamlining of Meadowbrook’s back office
operations that include data management of reinsured policies originally bought
from the insurance carriers. For further information on MIG, please visit its
corporate website at www.meadowbrook.com.
In
a few weeks, Adeptia has implemented an automated and seamless data
transformation for Meadowbrook, which includes application of
complex mapping rules, simultaneous lookups in multiple databases and XML files
and generation of ACORD AL3 data files. Adeptia product also performs validation, loading and
exception-handling process for Meadowbrook, which reduces mistakes and errors
and speeds up time to market. Adeptia has deployed complete, re-usable processes to
enable rapid on boarding of new partners. This Partner Interface process
performs complex tasks, and yields clear and quantifiable results. Now Meadowbrook can integrate with
other business partners without developing and deploying custom data
integration interfaces that often require extensive involvement of the IT team
and increase IT expenditure. To read
related case studies, please visit the Customers
section. Adeptia
joins ACORD Insurance standards organization Adeptia joins Association for Cooperative Operations
Research and Development (ACORD), the leading standards organization for the
insurance industry. ACORD Standards enable agents, brokers and other data
partners to transact business electronically. These standards serve as a common
communication method that multiple parties use to shorten the transaction cycle
and improve business efficiency. For more information about ACORD, please visit
www.acord.org. Adeptia provides quick-to-deploy, cost-effective,
ACORD based business process solutions for the insurance industry. Adeptia’s
BPM Server product includes ACORD XML and AL3 data formats to facilitate
exchange of data in industry-specific, accredited formats and improve
communication among carriers, agents and customers. Gregg
Hartemayer and Joe Locke join Adeptia Board of Directors Adeptia announces the appointment
of Gregg Hartemayer and Joe Locke to its board. Gregg and Joe bring an
incredible depth of business experience that will help Adeptia expand its
market and secure its continuous growth.
As the group chief executive of
Accenture's Technology & Outsourcing capability group, Gregg had overall
responsibility for Accenture's Global Business Solutions, Global Technology
Solutions, Outsourcing & Infrastructure Delivery, and Technology &
Research business units, and the company's Alliances organization. Before
taking on his role as chief executive at Accenture, Gregg was the head of
Products Operation group, which includes Automotive, Consumer Goods &
Services, Transportation & Travel Services, Industrial Equipment, Retail,
and Pharmaceuticals & Medical Products industry groups. Powerway
and Adeptia announce partnership to offer supply chain integration solution for
the Automotive Industry Powerway Inc.and Adeptia join hands to deliver a
powerful Integration Acceleration Solution (IAS) for the automotive industry.
IAS facilitates seamless connectivity between OEMs, Tier 1 and other suppliers
through automated implementation of APQP and other quality and product
engineering processes. Powerway and Adeptia aim to use IAS to enable
collaboration among OEMs and suppliers such that they function as virtual
extended enterprises, and rapidly get to the market with their state-of-the-art
products. You can learn more about Powerway at www.powerwayinc.com. Collaboration
between Adeptia’s core competence in integration and data connectivity, and
Powerway’s subject matter expertise has enabled incredibly rapid deployment of
IAS for General Motors. With Adeptia’s
technology as the core, Adeptia and Powerway partnered to pre-build APQP
workflows/processes and establish connectivity to Powerway.com. Tier 1 Vendor
could not do this in 18 months, whereas IAS was deployed just in few weeks. Product News Adeptia
announces BPM Server for business process management, automation and
optimization Adeptia announces the launch of Business Process
Management Server, which can define business workflows graphically, allowing
business analysts to get directly involved in designing and validating business
process flows. The IT developers at a significant low cost of ownership can
then rapidly implement these process flows.
Adeptia launches its BPM Server that Manages, Automates, Optimizes end
to end business processes. - Manage: Collaborate, design and document business
processes - Automate: Implement execution of process flows - Optimize: Track, monitor and improve business
performance Adeptia BPM Server is designed to serve
process-oriented companies of small, medium and big size. Industry-specific
solutions Adeptia has included industry-specific ‘pluggable’
functionality for the Property & Casualty and Reinsurance verticals. This
functionality not only helps streamline business processes but also endows
flexibility and agility to business. Deployment of Adeptia BPM Server in these
verticals will significantly improve communication and relationships among
carriers, agents and customers. Rapid technological changes and diverse service
schemes offered by various automotive companies are primary causes of cutthroat
competition and shift in customer loyalty. Automobile companies implement
Automotive Product Quality Planning (APQP) to meet these challenges. Adeptia
BPM Server enables automated and effective implementation of APQP. It helps
save inventory; manufacturing and operational costs in a way that the benefits
are passed to customers in the form of improved but competitively priced
products. For more information on Adeptia solutions, please visit the Solutions section on the Adeptia website. The functionality of Adeptia BPM Server is
capsulated in the following components:
To learn more, please visit the Products section on the Adeptia
website. Adeptia
Announces XML Mapper Adeptia releases its XML Mapper, a standalone
product that provides drag-and-drop, wizard-driven interface to specify complex
data transformation rules. Using Adeptia XML Mapper, mapping rules can be
applied in English and the corresponding XSLT is generated automatically. In order to significantly improve business, Adeptia
XML Mapper bridges the gap between IT and business users that work in isolation
and are deprived of the opportunity to collaborate. Adeptia XML Mapper involves
both IT and business people to streamline and automate complex and
time-consuming processes. Business users can design organizational processes
and IT people can execute them effectively. This way both contribute to the
success of their organization. Adeptia XML Mapper is designed to serve
process-oriented industries, for instance, insurance, automotive etc. Adeptia XML Mapper includes the following
components: Input and Output Data
Formats Managers:
The Input Data Formats Manager is an interface that allows users to upload
input data formats and map their values to that of output data formats. The
Output Data Formats Manager interface facilitates mapping of the output data
formats with the input data formats. The mapping of input and output data
formats is performed using easy-to-use point and click method. Graphical
display of data maps in these interfaces makes it easy to spot and resolve
errors. Data formats generated using these components can be saved in the PDF
format for ease-of-use. The aforementioned components play vital role in
integrating crucial information that resides in disparate systems, and which
can be used for multiple purposes. In other words, these Data Formats Managers
help meet needs that mainly arise due to mergers and acquisitions, or an
organization’s decision to optimize the crucial data scattered across various
departments and systems, to increase business opportunities with existing
customers. Input Data Formats
Manipulator: This
component facilitates further customization of values of the input data formats
to enable easy mapping of input and output data formats. This functionality
enables multiple use of a single piece of information.
A scenario to describe the need of this component is: To
expand their businesses, organizations may agree to share their customers’ data
among other industries. For instance, home loan customers can
be potential targets for insurance products, and life insurance buyers can
be a good source of revenue to Banking organizations. To get more business from
the home loan and life insurance buyers, banking and insurance companies may
like to swap their customers’ details respectively. By sharing
non-confidential information both industries can increase revenues. Business
Process Management (BPM) Concepts BPM and BPM System Business Process Management is a framework that
facilitates streamlining of complex business processes to improve operational
efficiencies and productivity. As a consequence, it increases customer
satisfaction and revenues. A BPM system is a tool that leverages existing IT
infrastructure to meet the aforesaid goals. It facilitates management and
optimization of all business processes—from people hiring to sales. Using a BPM
system, users can automate human-oriented and paper-based processes, as well as
handle system-to-system processes. BPM and BPM System
Benefits Collaboration of IT
team and business users: IT teams and business users are known to have polar opposite
philosophies of their common business: former focus on technology; later on
deliverables, profits etc. They work towards the same objective but in a
different way. Business Process Management allows both groups to complement
each other. This way, existing processes are validated and improved and new
processes are envisioned while considering the advantages and limitations of
existing technologies. Effective Supply
Chain Management:
To beat competition, manufacturing companies are striving to offer to their
customers, products with better features at a cost lower than their competitors
can offer. This is possible if inventory and manufacturing costs are reduced
further. Models including APQP and Six
Sigma promise operational efficiencies and improvement in product quality.
However, applying these models demands diligence, and support from employees as
well as supply chain partners. BPM
plays a vital role in implementation of these models. Applied Business
Intelligence: Business Intelligence requires
analyzing and exploring structured, domain-specific information to discern
trends or patterns that help derive insights and draw effective conclusions.
Business Process Management facilitates monitoring and reporting of business
processes and automated analysis of crucial data, which further helps formulate
corrective / improvement measures and set up quantifiable goals to meet the
business objective. Therefore, it would be appropriate to claim that BPM
encompasses BI, and a BPM system helps implement BI. Automated Knowledge
Management: Information begets knowledge! When
inaccessible data, buried under disparate systems, is processed and customized
as information, it leads to transformation of entire business. Organizations these days set up dedicated
departments that focus entirely on information or knowledge management. A BPM
system facilitates automation and management of information. Simplified Quality
Management: To
improve productivity and to win customers’ loyalty, process oriented companies
continuously apply and upgrade quality standards like ISO. Tracking and managing conformity to quality
processes and procedures is, in itself, a challenging task. A BPM system helps
implement these standards as well as makes it easy for employees to comply with
industry norms. Automotive and
Insurance industries are already experiencing these benefits of BPM. Focus on core
business: Organizations can share their responsibilities and give the onus of
performing painful operational activities to a BPM system. This improves
operational efficiencies and allows business users to focus on their core
businesses. Furthermore, managers can automatically track theirs’ as well as
teams’ performance and improve their decision-making skills. Improved productivity
and profitability: This is bound to happen! BPM begins with cost reduction and continues
improving profits in customer-driven markets. It is all about saving and making
more money in challenging situations that do not offer leeway. Trouble-free mergers
and acquisitions: Organizations want to get fast entry to new
markets; expand their market share, acquire established name brands, as well as
enjoy new distribution channels and better operational infrastructures. Mergers
and acquisitions help organizations meet all these goals but they too have some
side effects. A BPM system functions as a panacea in this area. It helps
manage, automate and optimize business processes using existing IT
infrastructure, irrespective of disparate technologies and platforms. Painless Change
Management: Change
Management is a process of controlling changes to the infrastructure or any
aspect of business, in a controlled manner as well as implementing approved
changes with minimum disruption. First phase of BPM requires reviewing of
processes and tools that enable them. At the final stage, when improved or new
processes (if required) are implemented, the whole organization is transformed.
In other words, change is automated without troubling people. Business adaptability
and agility:
Business agility is about improving the cycle time
for managerial actions. A BPM system, through automation of business processes and better
monitoring and reporting, provides agility to businesses. BPM endows
flexibility to quickly adapt to market changes resulted from volatile political
and capital conditions or even catastrophes; it allows organizations to take
proactive actions. To learn more, please visit the Products section on the Adeptia
website. |
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