Software Application Selection
Innovative Partners for the Digital Insurance Industry
Emerging technologies, increasing customer expectations, and changing vendor pools are causing new organizational challenges.
The customer-focused digital insurance industry is innovative and exciting, but the change it brings can be daunting. New advances add pressure to modernize your technologies quickly.
Outdated systems and expensive systems requiring high maintenance are just two situations that prompt the need for new software systems.
But most organizations don’t have the expertise, market knowledge, methodology or resources to efficiently and effectively handle the software selection process.
MVP does.
Our Software Application Selection Service includes the following components:
Client/Vendor Business and Functional Assessment
Technology and Operational Alignment Assessment
Customized Solution Scoring and Implementation Approach
Software Selection & Sourcing Service Phases
Phase 1
Perform Client Current State
Analysis & Vendor Assessment
Client Current State Analysis
Best Practice Future State Analysis
Technology Capability Analysis
Vendor Capability to Requirements Analysis
·
Phase 1 Deliverables
Current State Assessment
Enterprise Strategy Decomposition
Technology Implementation Gap Analysis
Prioritized Solution Requirements Checklist
Targeted Vendor List Aligned with Customer Priorities
Vendor Capabilities to Requirements Scoring Matrix
Determine Solution Strategy
Create RFP
Identify Vendor Short List for RFP
Issue RFP
Score Vendors to Key Solution Requirements
Produce Vendor Short List for Demo Invitations
Manage Delivery of High Quality Demos
Understand Functionality, Implementation Requirements & Costs by Vendor
Evaluate & Score Vendors
Map Future Solution to Enterprise Architecture
Determine Top 2 Solution Options, Secure Stakeholder Agreement & Finalize
Phase 2
Determine Future Solution Strategy
Phase 2 Deliverables
Initial Vendor Evaluation & Shortlist
Request for Proposal (RFP)
Vendor Cost Analysis
Vendor Scoring
Proof of Functionality Demo Script
Finalize Solution & Implementation Approach
Evaluate the Top 2 Solution Options
Facilitate Final Vendor Decision
Develop Solution Implementation Plan and Project Charter
Develop Implementation Pricing (Finalize Cost & Resource Requirements)
Phase 3 Deliverables
Recommendation Support Materials
Contract Negotiation Management
High Level Implementation Plan
Business & Financial summary of Total Cost of Ownership
Phase 3
Finalize Solution & Implementation Approach
MVP can take you there.
Leveraging our industry experience, software selection and sourcing methodology, MVP works with you to assess where you are and where you need to be.
Together we work on your enterprise business strategy, technology roadmap, infrastructure needs, stakeholders’ perspectives, and unique requirements. Our streamlined and focused Software Selection process generates stakeholder engagement, assures an objective evaluation, and ensures selection of the right vendor.
For high-level generic software comparison analysis, it’s OK to go with the analyst firms and their quadrants. But, if you want to select, define, align and understand the technology implementation implications as part of deciding the right software solutions, go with the insurance and software experts at MVP.