JMR Software is Financial Services IT Expert providing specialist IT Consultancy, Software, and Solutions through their enterprise-scale solutions and IT implementation services.
They have delivered technology-led change for over 30 years, helping clients improve performance, from managing and monitoring complex legacy systems to implementing the latest digital innovations.
CEO Dane Richards says their goal this year is to focus on their CloudCover solution. Having built a significant local client base, they are now looking to expand their Insurance Administration Solution into international markets.
JMR are quite well known within the insurance industry for their many years of expertise particularly in data migration, which have led to its growth locally.
“We have considered all the pain points and challenges that customers experience when implementing an Insurance Administration System and so when developing our own platform we sought to address all these pain points.” Dane Richards: JMR CEO
He says that they created a completely new and modern Insurance Administration System; born out of the expertise they gained on this platform over the past few decades.
According to Susan van Zyl, Head of Sales and Marketing at JMR, one of the key differentiators with their insurance administration system is that they have their own data migration framework built into their CloudCover solution and are recognized as data migration experts in the industry.
“The advantage here is that, if a client needs to move from a current platform or a legacy system to our platform, one of the main benefits is that JMR are able to do the data migration for them, which significantly reduces the risks associated with moving to a new platform”, says Susan.
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Unique value proposition – Susan indicates that the main advantages they have over their competitors, is that they are able to significantly reduce implementation timelines and their system is highly configurable. Nowadays clients like the terminology low code which really allows customers to launch new products amazingly fast and make changes to keep up with constant regulatory changes.
Susan explains that they, or the customers themself, can implement changes rapidly. JMR caters for all lines of business so, if you have more than one product, you can manage them all on the same system. “We even have the document management module, plus the communication module built into the system. It is truly a one platform solution where you do not have to go out and purchase a separate communication module or a document management module. A complete Insurance Administration System that solves all your needs,” she says.
Susan also states that the speed at which they can implement is a huge benefit for their customers. This is of specific value to clients with large legacy systems, created over decades of doing business. When they are moving from legacy systems or an existing platform, data migration challenges can slow innovation down. However, as data migration experts, and because they have included that framework into their CloudCover system, this kind of delay is avoided. Customers can therefore move seamlessly, from their current platform to a new platform.
Dane concludes: “It is our cloud-based Insurance Administration Solution, known for very rapid implementation timelines and speed to market that enables our clients to meet their business needs quickly and easily. This, coupled with our proven, highly configurable data migration solution, allows us to rapidly bring existing policy data into the platform and users to hit the ground running.”