With today’s economic challenges, finance and insurance organizations are being faced with new directives: reduce business risk, improve profitability, improve customer satisfaction, and reduce resource workforce. Most of our customers in this industry have applications that need to be updated and employee assets that need skillset improvement. They are ineffective in their software delivery processes, which affects their ability to perform at maximum efficiency.

Transforming the way you do business can be risky if not approached in a methodical manner. We believe it starts with getting your business requirements defined correctly and accurately. As companies continue to adjust to slowing growth and more aggressive competition, improving on core processes to improve customer service and quality will be essential to differentiate from the competition. This means companies must be able to make the most of the time spent by analysts and business owners during the requirements elicitation process.

Why Are Finance and Insurance Companies Selecting RAVEN?

RAVEN enables organizations to reduce IT costs by reducing the risk of unclear requirements with stakeholders before any software development is done. The result is better quality specifications, which means delivering products and services faster.

RAVEN addresses the following:

• Business process re-definition. If your legacy systems need to evolve with your business needs, RAVEN can help modernize and transform your applications while minimizing risk through upfront elicitation and definition from “as is” and “to be.” RAVEN’s visual representation ensures a clear understanding of the applications.
• Outsourced development. If your organization manages outsourced development, RAVEN can improve communication among disparate teams and ensure that everyone is working from a clear set of requirements and expected deliverables.
• Risk, security, and compliance. If application security and regulatory compliance concern you, RAVEN, together with leading requirements management software solutions, can minimize application security vulnerabilities and protect data privacy. RAVEN provides the clarity that remains consistent throughout the traceability process.

If your organization needs to shift the IT department's activities from maintaining systems to modernizing and consolidating applications, optimizing IT, reducing risk through reuse, and improving performance, RAVEN helps you write better use cases and business process definitions, improve and strengthen collaboration, reduce project risk, and improve quality. RAVEN ensures use cases are clear and consistent across all of your projects, ensuring a clear understanding of the business owner’s needs.