FINEOS Corporation has won the prestigious Digital Technology Project of the Year award from Technology Ireland. The award recognizes the firm that has delivered outstanding value to an end client through the innovative deployment and use of digital technology.
Why was FINEOS triumphant in this category?
FINEOS Corporation was selected for the enterprise transformation project that implemented the SaaS FINEOS AdminSuite group and voluntary insurance core system to enable the migration and digital transformation of New York Life Group Benefit Solutions (NYL GBS).
The program involved NYL GBS migrating the majority of its $4B book of insurance policies, including 9 million clients, to the FINEOS AdminSuite, thus retiring six legacy core systems.
FINEOS AdminSuite delivers top capabilities for employee benefits administration, like absence management, billing, claims, payments, policy administration, provider management, new business and underwriting; which are configurable to operate independently or as one suite.
What does the recognition mean for FINEOS?
“FINEOS is proud of this achievement and what it represents for New York Life Group Benefit Solutions. NYL GBS has the only proven end-to-end modern core system fully deployed for its employee benefits book of business, creating a more human-centered experience for both customers and their employees,” commented Michael Kelly, CEO and founder of FINEOS.
“This award is important recognition for the NYL GBS team, who worked in partnership with FINEOS to provide best-in-class employee benefits administration that stands as a model for the industry,” Michael Kelly added. The collaboration used the SAFE agile IT approach with continuous program governance provided by the joint leadership and executive teams.