Source: Micro Focus
Micro Focus (LSE: MCRO.L), a leading provider of core system application development and deployment solutions, today announces that Pacific Life Insurance Company’s Life Insurance Division has chosen Micro Focus Revolve Enterprise Edition to review its portfolio of COBOL-based applications.
Revolve will help Pacific Life to improve development time, reduce application errors and reduce costs of integrating existing applications with newer technologies.
Pacific Life continuously enhances millions of lines of COBOL code across several key administrative and financial systems. The company realized it needed a powerful set of tools to understand and analyze existing COBOL code before making changes. Using the latest in application understanding and analysis technology from Micro Focus, Pacific Life anticipates improving application development productivity for key applications through Revolve will identify the precise changes required within the millions of lines of code and data that make up Pacific Life's systems. Revolve does this in a fraction of the time taken using alternate approaches. As a result, Pacific Life will be able to adapt more quickly to change and deliver comprehensive, high-quality results in a greatly reduced time frame.
"We chose Micro Focus Revolve because it is easy to use, yet a very powerful analysis tool for COBOL developers," said Jeff Bradshaw, assistant vice president of application development, Pacific Life. "As we continue to implement complex enhancements in our applications, tools like Revolve will help improve our estimation accuracy, software design, development time and software quality, while reducing overall IT costs spent on critical projects."
"Pacific Life is another example of companies looking to exploit the value in their core systems through detailed understanding and analysis of those systems, first, before applying any set of changes," said Mike Shinya, chief operating officer, Micro Focus. "We expect to deliver crisp value to Pacific Life's critical applications and help them make the best use of Revolve as they seek to implement and maintain competitive new products."
Separately, Micro Focus (LSE: MCRO.L), a leading provider of core system application development and deployment solutions, today announced that Länsförsäkringar, a leading Swedish financial services company and market leader for non-life insurance products, has selected Micro Focus Revolve® Enterprise Edition to assist with application development and delivery for its critical mainframe auto claims system. With competitive pressures to deliver new functionality faster, the company expects to achieve greater accuracy and improved time-to-market in its back-office claim operations.
Länsförsäkringar is bringing new functionality to its auto claims processing system to retain competitive advantage and better service its clients. The company's mainframe-based set of applications, developed in COBOL, includes significant business rules and processes that the organization plans to modernize going forward. Revolve will allow the auto insurance IT developers to make an inventory analysis of source code, document business processes and provide an impact analysis for any future changes. Revolve will enable Länsförsäkringar to dramatically reduce the cost of mass change programs and core system maintenance. Most importantly Länsförsäkringar will be able to manage the risk better, when making changes to key applications.
"We are supporting 24 offices throughout Sweden who process auto claims," said Sven-Olov Zetterström, mainframe development manager for Länsförsäkringar. "We need to have a disciplined process to mainframe application change, and making Revolve part of our development methodology will allow us to save time, accurately estimate the amount of effort required and help us roll out new functionality for our claims processing team."
"The mainframe continues to be a key platform for business-critical applications," said Stuart McGill, vice president of worldwide marketing at Micro Focus. "Leading financial services organizations like Länsförsäkringar are recognizing that the investment in these applications are not easily replaced and nor should they be. Using our analysis solutions helps organizations continue to innovate, while keeping the risks out of changing critical IT resources."