Recent months have seen many discussions and questions about tax reform and its impact on the industry as a whole. The introduction of lower corporate tax rates in the U.S. has created a jubilant atmosphere, as the rates are generally expected to boost earnings and investments for many insurers. Companies including Aflac, MetLife, Travelers, and […]
Management Consulting
5 Ways to Transition from Purchasing to Procurement
Perficient’s supply chain team works daily with large companies to define P2P processes related to development and maintenance of large asset intensive infrastructures (e.g. Communications, O&G, Energy). Speed to production and continuous operation are critical in these industries and the value of the Procurement Organization is often overlooked. Procurement doesn’t have to be the necessary […]
Everyone’s Method of Productivity is Different, and Changes
A couple years ago I Googled something along the lines of “how to optimize my time” or “top ten ways to stay productive” and stumbled upon a 2015 Harvard Business Review assessment that gauged productivity styles (found here). Jackpot! I was eager for direction on how to stay productive throughout the day because what worked […]
It’s More Than Technology in the Car Rental Industry
Although investing in technology plays a big role in digital transformation, transforming or growing a car rental company isn’t just about the deployment and modernization of front- and back-end systems. Transformation initiatives also require the development, implementation, and execution of strategies and programs capable of delivering operational efficiency, reducing expenses, and increasing revenue. For example, […]
SEC Investment Company Reporting Modernization Support
The first thing any investment company must do in response to the new SEC Investment Company Reporting Modernization is evaluate its current state of readiness. Chances are you have started a compliance program. However, we can help you understand your gaps, including areas where you need immediate action and longer-term changes to support the program. […]
Enabling Key Stakeholders in the Insurance Industry
Ensuring that agents and brokers have the best tools to evaluate and close opportunities can be a real differentiator for insurance companies. For example, many companies wish to invest in solutions that effectively automate and improve underwriting, as such solutions can help remove human bias, increase the lendable pool of consumers, and reduce response times. […]
Why I Love the Marathon Relay as a Company Team-building Event
Our company participated in the Colfax Marathon Relay again this year. It’s a great event with the marathon broken up into 5 legs (6.5, 4.0, 5.5, 4.1, and 6.1 miles). While I was running my leg, I started thinking about why I like running this race every year with my coworkers (mainly to distract me […]
Cones of Uncertainty and Certainty and Organizational Change
“How will the change affect me personally?” This is the first question that people want answered as soon as they learn about upcoming plans for a large organizational change. However, at the early stages of preparing for organizational change, leaders are not able to give specific answers to these questions. This concept, known as the Cone of Uncertainty, is found in […]
SEC Investment Company Reporting Modernization Program Challenges
In a new guide, we discuss the background of the SEC’s Investment Company Reporting Modernization Rules and the potential effects on individual financial institutions. The snippet below talks about the challenges you can expect when developing a response program. Expect challenges in various areas: Data Availability: All required data elements may not be available internally. […]
4 Steps to Effective Change Management Communications
I’m amazed at how often I get asked – and frankly argued with – about the amount of work that it takes to perform change management activities. After all, it’s not that hard to “send out a few emails,” right? Wrong. Sending out a few emails isn’t rocket science. But it’s also not as simple […]
Essential in the Airline Industry: Vision and Commitment
While the term “business transformation” has been floated around for decades, digital and the deployment of modern technology remain the cornerstone of today’s investment decisions. Customer expectations have changed greatly in recent years. Strong brands like Facebook, Amazon, Apple, Netflix, and Google, which investors often refer to as FAANG, have changed consumer behavior. Not only […]
The Backbone of Operations in the Car Rental Industry
Digital transformation can absolutely be thought of as improving a website through which a car rental company sells its used vehicles – an important source of revenue for the company. It can also be thought of as enhancing a mobile app that enables customers to make, modify, or cancel reservations, view a car’s mileage and […]