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Our Understanding

Benefits of Legacy Modernization

Business Agility
Legacy systems limit a business’ ability to create new features and services. Time to market is always of critical concern for enterprises. In the ‘fast is profitable’ age, if Organizations want to take advantage of the velocity, customer centricity and advanced capabilities of a more agile enterprise they should consider legacy transformation seriously.
Reducing Costs
Many legacy environments, including mainframes, are expensive to operate in terms of hardware infrastructure, software license fees, and maintenance staff. On the other hand, Legacy systems have typically been modified countless times by many different developers over the years, resulting in code that is very complex and inflexible, known as spaghetti code. Organizations need a way to move these legacy systems into an environment where they can be updated and maintained quickly and easily.
Customer Experience
The gap between legacy systems and customer expectations is growing. User satisfaction is a key element of business success. By using modern innovative systems with well-developed User Interface and user-centric experience, companies and enterprises enhance customer satisfaction and employee performances.To transform customer experience and make every touchpoint a positive defining moment, Beakwise has talents with the right skills.
Integration and Compatibility
Connecting a legacy software to a third-party tool or service often requires a significant amount of custom code. And there is still a chance that the final integration won’t work as well as intended or that it will work at all. Modern technologies are integration-ready by default. API vendors typically provide support for most of the programming languages and frameworks out of the box.
Compliance Benefits
Legacy modernization helps in maintaining updated, regular logs and reports from anywhere and at any time, which was a big hurdle with paper-based legacy systems. Real-time accessibility of modern applications, easy data entry through mobile devices, increased security through geo-fencing and encryption, improved accuracy in time entry, project status tracking has all resulted in better customer support, reduced risks, fewer audits, and easy compliance.
Build a New Revenue Stream
Legacy modernization may unlock new revenue streams. An updated system can enable your business to create new services or processes that add value to the customer. By replacing legacy system with a modern solution, LOBs will be ready to evolve and expand keeping up with technology advances.
Our Experience
Insis AHE Project Case Image

Best Legacy and Ecosystem Transformation of 2018
by Celent Model Insurer Awards

As defined by Gartner, a legacy application is “an information system that may be based on outdated technologies, but is critical to day-to-day operations.”

Anadolu Hayat Emeklilik had such a critical legacy system that was the main barrier infront of company's digital transformation dreams. So the company decided to replace core system by Fadata INSIS Core.

Some notes about transformation program:

  • One of the most complex core systems transformations in life insurance & pensions domain all over the world.
  • 300+ pension products, 500+ insurance products configured.
  • Scope involved all kinds of insurance products. Group and individual pension schemes, auto-enrollment schemes, term life, endowment, pure endowment, annuity, whole life, savings, group life.
  • Integrations with 30+ systems, 100+ new webservices/APIs developed.
  • IT architecture completely modernized, core functions and support functions separated by building 10+ new satellite platforms around the core.
  • 38 business processes reengineered and drawn.

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