Mulesoft Case Studies Liberty saves millions of dollars using API-led connectivity

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	Liberty saves millions of dollars using API-led connectivity Mulesoft

Liberty saves millions of dollars using API-led connectivity

Mulesoft

Technology Category	Application Infrastructure & Middleware - API Integration & Management
Applicable Industries	Finance & Insurance
Applicable Functions	Business Operation
Services	Software Design & Engineering Services
Challenge	Liberty Holdings, a South Africa-based financial services and insurance group, was facing a challenge due to its outdated and inefficient claims process. The company had its claims, customer, and underwriting data information stored in multiple monolithic back-end systems. This resulted in a suboptimal insurance claims process that required claims processors to manually extract data from seven different systems and enter it into a spreadsheet. They then had to log into several other systems in order to process a claim. The operation was slow, prone to human error, and did not provide the level of support that Liberty’s customers expected. Liberty needed to digitally transform its operations, modernizing legacy systems to streamline the claims process and provide a better customer experience. Read More
About Customer	Liberty Holdings is a South Africa-based financial services and insurance group. The company is committed to providing excellent customer service. However, the company was facing a challenge due to its outdated and inefficient claims process. The company's claims, customer, and underwriting data information was stored in multiple monolithic back-end systems. This resulted in a suboptimal insurance claims process that required claims processors to manually extract data from seven different systems and enter it into a spreadsheet. They then had to log into several other systems in order to process a claim. The operation was slow, prone to human error, and did not provide the level of support that Liberty’s customers expected. Read More
Solution	Liberty Holdings decided to use an API-led approach to unlock data from back-end systems and build a digital platform with a single comprehensive view of customers. This solution includes a digital claims portal, allowing Liberty staff to quickly access critical customer and underwriting information, ultimately enabling Liberty to process claims much faster. In addition, MuleSoft allowed Liberty to expand its claims service beyond traditional call centers to new digital channels, reaching customers on the web and via mobile devices. Liberty even used MuleSoft to build a state manager API, which enables Liberty’s customer service team to finalize in-progress claims through other channels. This means if a customer starts a claim online, and then needs assistance, a claims assistant can jump in and help without having to restart the whole process. Read More Log in to view content
Contents

Technology Category

Application Infrastructure & Middleware - API Integration & Management

Applicable Industries

Finance & Insurance

Applicable Functions

Business Operation

Services

Software Design & Engineering Services

Challenge

Liberty Holdings, a South Africa-based financial services and insurance group, was facing a challenge due to its outdated and inefficient claims process. The company had its claims, customer, and underwriting data information stored in multiple monolithic back-end systems. This resulted in a suboptimal insurance claims process that required claims processors to manually extract data from seven different systems and enter it into a spreadsheet. They then had to log into several other systems in order to process a claim. The operation was slow, prone to human error, and did not provide the level of support that Liberty’s customers expected. Liberty needed to digitally transform its operations, modernizing legacy systems to streamline the claims process and provide a better customer experience.

About Customer

Liberty Holdings is a South Africa-based financial services and insurance group. The company is committed to providing excellent customer service. However, the company was facing a challenge due to its outdated and inefficient claims process. The company's claims, customer, and underwriting data information was stored in multiple monolithic back-end systems. This resulted in a suboptimal insurance claims process that required claims processors to manually extract data from seven different systems and enter it into a spreadsheet. They then had to log into several other systems in order to process a claim. The operation was slow, prone to human error, and did not provide the level of support that Liberty’s customers expected.

Solution

Liberty Holdings decided to use an API-led approach to unlock data from back-end systems and build a digital platform with a single comprehensive view of customers. This solution includes a digital claims portal, allowing Liberty staff to quickly access critical customer and underwriting information, ultimately enabling Liberty to process claims much faster. In addition, MuleSoft allowed Liberty to expand its claims service beyond traditional call centers to new digital channels, reaching customers on the web and via mobile devices. Liberty even used MuleSoft to build a state manager API, which enables Liberty’s customer service team to finalize in-progress claims through other channels. This means if a customer starts a claim online, and then needs assistance, a claims assistant can jump in and help without having to restart the whole process.

Impact #1	By automating the claims process, and eliminating manual data entry and extraction, Liberty reduced claim processing time by up to 20 minutes per claim.
Impact #2	An impressive API reuse rate of 40% has increased the software delivery speed of Liberty’s development team. For example, during the COVID-19 pandemic, Liberty was able to roll out services to customers via WhatsApp within weeks, instead of months, by reusing existing architecture and focusing resources on front-end development.
Impact #3	Following this success, Liberty’s DevOps team is now dedicated to reusing APIs to innovate more new business solutions.

Impact #1

By automating the claims process, and eliminating manual data entry and extraction, Liberty reduced claim processing time by up to 20 minutes per claim.

Impact #2

An impressive API reuse rate of 40% has increased the software delivery speed of Liberty’s development team. For example, during the COVID-19 pandemic, Liberty was able to roll out services to customers via WhatsApp within weeks, instead of months, by reusing existing architecture and focusing resources on front-end development.

Impact #3

Following this success, Liberty’s DevOps team is now dedicated to reusing APIs to innovate more new business solutions.

Benefit #1	$3.2 million in savings
Benefit #2	79k hours saved
Benefit #3	14k claims processing hours saved

Benefit #1

$3.2 million in savings

Benefit #2

79k hours saved

Benefit #3

14k claims processing hours saved

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Overview

Liberty saves millions of dollars using API-led connectivity

Operational Impact

Quantitative Benefit