NLC Mutual relied for years on a claims and underwriting system written within the Nineteen Eighties. The corporate that wrote it has terminated help, and the NLC worker who used it has retired, so we contracted with a growth firm to jot down a brand new one for us.  Constructing a brand new system somewhat than buying one is a troublesome choice, so we wanted to have the ability to monitor our spending to point out our board that it was a wise monetary choice.

Use case

We determined to handle the funds by consolidating all of the venture invoices we obtain from the seller into Domo and evaluating the aggregated quantity towards our preliminary funds forecast. That lets us automate the primary a part of the evaluation course of, so we are able to catch and proper any errors in a well timed trend. Extra importantly, it lets us adapt the venture to our funds on the fly. If our evaluation exhibits we’re operating over funds, we are able to dial again among the nice-to-have venture specs and nonetheless find yourself with stable performance. If, then again, we’re operating below funds, we are able to add a few of these want listing specs again into the venture.

Conclusion

Domo helped us hold monitor of our software program growth vendor’s efficiency to funds on this venture, so we’re getting all the worth we budgeted for with none embarrassing upcharges. And since we’re utilizing Domo because the report engine for our new claims and underwriting system, we have been in a position to reallocate growth sources to different components of the venture. In a data-driven enterprise like ours, Domo’s flexibility has been an actual worth contributor.