Software AG Case Studies A Digitalized Game-Changer for the Real Estate Title Insurance Business

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	A Digitalized Game-Changer for the Real Estate Title Insurance Business Software AG

A Digitalized Game-Changer for the Real Estate Title Insurance Business

Software AG

Technology Category	Platform as a Service (PaaS) - Data Management Platforms
Applicable Industries	Finance & Insurance
Applicable Functions	Business Operation Sales & Marketing
Use Cases	Digital Twin Predictive Quality Analytics Supply Chain Visibility
Services	Cloud Planning, Design & Implementation Services Data Science Services System Integration
Challenge	Stewart Title, a global real estate information and transaction management company, was facing several challenges. The company's disparate legacy systems were becoming increasingly costly to maintain and were showing their age. The company's vast historical insurance data, which had been a significant asset, was becoming a liability. The company was also facing pressure from agile FinTech startups that were unencumbered by legacy technology. Stewart needed to transform its technology infrastructure to reduce costs, increase agility, and leverage its historical data as a strategic advantage. Read More
About Customer	Stewart Title is a global real estate information and transaction management company that has been in operation for over 120 years. The company generates $2 billion in revenue through a network of more than 9,500 offices and agencies around the world. Stewart Title has a strong reputation for trust among its clients and was listed on the 2014 Forbes Magazine list of the 50 Most Trustworthy Financial Companies in America. The company's business is built on a combination of secure technology, transparent user experience, and a vast trove of real estate title data. Read More
Solution	Stewart Title partnered with Software AG in 2016 to initiate a digital transformation. The first step was to integrate Stewart’s internal systems with external customers and partners, which resulted in immediate cost savings and increased agility. The company then moved to implement an increasing array of functionality on the Software AG Digital Business Platform. This included new technologies like in-memory data and online, freely accessible data, which, paired with Stewart’s now accessible historical data, paved the way for industry disruptions and the creation of new lines of business and services. Stewart also made use of streaming analytics and automated machine learning to gain insights that were previously out of reach. Read More Log in to view content
Contents

Technology Category

Platform as a Service (PaaS) - Data Management Platforms

Applicable Industries

Finance & Insurance

Applicable Functions

Business Operation

Sales & Marketing

Use Cases

Digital Twin

Predictive Quality Analytics

Supply Chain Visibility

Services

Cloud Planning, Design & Implementation Services

Data Science Services

System Integration

Challenge

Stewart Title, a global real estate information and transaction management company, was facing several challenges. The company's disparate legacy systems were becoming increasingly costly to maintain and were showing their age. The company's vast historical insurance data, which had been a significant asset, was becoming a liability. The company was also facing pressure from agile FinTech startups that were unencumbered by legacy technology. Stewart needed to transform its technology infrastructure to reduce costs, increase agility, and leverage its historical data as a strategic advantage.

About Customer

Stewart Title is a global real estate information and transaction management company that has been in operation for over 120 years. The company generates $2 billion in revenue through a network of more than 9,500 offices and agencies around the world. Stewart Title has a strong reputation for trust among its clients and was listed on the 2014 Forbes Magazine list of the 50 Most Trustworthy Financial Companies in America. The company's business is built on a combination of secure technology, transparent user experience, and a vast trove of real estate title data.

Solution

Stewart Title partnered with Software AG in 2016 to initiate a digital transformation. The first step was to integrate Stewart’s internal systems with external customers and partners, which resulted in immediate cost savings and increased agility. The company then moved to implement an increasing array of functionality on the Software AG Digital Business Platform. This included new technologies like in-memory data and online, freely accessible data, which, paired with Stewart’s now accessible historical data, paved the way for industry disruptions and the creation of new lines of business and services. Stewart also made use of streaming analytics and automated machine learning to gain insights that were previously out of reach.

Impact #1	Initiated a digital transformation
Impact #2	Eliminated manual processes
Impact #3	Integrated legacy and modern systems

Impact #1

Initiated a digital transformation

Impact #2

Eliminated manual processes

Impact #3

Integrated legacy and modern systems

Benefit #1	Reduced costs dramatically
Benefit #2	Achieved millions of transactions via pricing APIs

Benefit #1

Reduced costs dramatically

Benefit #2

Achieved millions of transactions via pricing APIs

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Overview

A Digitalized Game-Changer for the Real Estate Title Insurance Business

Operational Impact

Quantitative Benefit