Accurate: 300,000 annuities converted with a 99.96% acceptance rate!
UCT facilitates annuities conversion for Aid Association for Lutherans (AAL now Thrivent Financial for Lutherans).
AAL’s Business Challenge
Some 300,000 annuities needed to be converted from a LifeComm system to LIDP's Administrator.
UCT Business Analysts were able to do much of the initial data mapping and data extraction programming with minimal AAL assistance. UCT data mapping and conversion software allows business analysts to write very detailed business logic that is translated directly into program code for the data conversion. It eliminates most of the errors that often occur in the communication between business analysts and programmers.
UCT also documented and tracked things extremely successfully, ensuring data did not get lost or forgotten in the conversion process.
The project was a success with an incredible data conversion acceptance rate of 99.96%. The final conversion, run the weekend of March 3, 2002, generated over 4.3 million transactions and involved $9.4 billion in funds. Of 310,215 policies, 310,092 converted automatically, generating the amazing success rate. The remaining 123 policies errored out and were manually corrected.
Mike Braun, AAL Vice President, MIS Division