Largest Insurance Company
Case for - Real Time BPO Metrics
Context
- This company operates in over 8 countries in Europe, USA, and Australia and New Zealand and India.
- Their Products include Health, Motor, Life, Home and multiple other structured insurances.
- Their entire back office to service these insurances right from booking to claims settlement is done in India.
- To improve the back office operations, all businesses and operational leaders were looking at more precise metrics and analysis.
- They were looking at higher operational efficiency, lower costs, better effort spreads, better skill mixes, predictable resource requirements.
- The back office was collecting basic data in multiple formats, applications and databases. Most of it was in xl files and a home grown application.
Need
- Very complex operational metrics needed to be delivered to Managers at various levels.
- The total number of processes fulfilled by the BPO Center in India was over 75.
- All processes dealt with multiple contexts, multiple sets of metrics, multiple hierarchies and multiple score carding and reporting needs.
- The data collection formats across these 75+ processes were complex, different and difficult to manage.
- There was no cross process view of operational metrics and executive managers were finding it difficult to measure across contexts.
- Building metrics across the processes involved complex contexts, complex data collection, complex structuring.
The Problem
- Each process (over75) had different contexts and unique demands for metrics.
- Each process had a unique way of collecting data for the process.
- There was no single way to view a process and further across the organization.
- Each process had a different analytic to calculate the same metric.
- Each process had multiple unique scorecards.
- It was very difficult, required high effort to deliver the metrics in static xl sheets.
- Historical context was very important for each process as improvements needed to be measured.
MetrixLine Approach and Solution
- MetrixLine looked at all the data across the processes and defined standard templates of data capture.
- MetrixLine defined a the metrics frameworks across the processes incorporating multiple contexts, unique metrics, analytics.
- MetrixLine automated data uploads at multiple points within the organization across all processes and business units.
- Metrics were automatically calculated and delivered across the organizations to respective managers through scorecards.
- Metrics and scorecards access was achieved through a complex structure of authorizations which were configured for them.
Overall Value
- MetrixLine provided a centralized solution which cut across the entire organization.
- The multiple contexts of each back office process were captured and centrally executed with ease.
- Multiple metrics and scorecards were configured across processes and contexts.
- Complex data gathering was solved and data was centrally collected.
- Metrics across the organization were centrally stored and monitored.
- Metrics now could be analyzed with historical context giving a lot more insight to managers.
To learn more about how MetrixLine can help your business, you can:
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