Over the next two weeks, INN will present the 13 case studies of Novarica’s Research Council Impact Award nominees in no particular order. The awards, which will be presented at the research and advisory firm’s October 30th event in New York, honor best practices in insurance industry IT initiatives and strategy.
Erie Insurance, nominated for a Practice award, wanted to overhaul its reporting of IT costs and move to a "Total Cost of Ownership" view. So, it started what would end up being a 14-month transformation project leveraging a project and portfolio management (PPM) application to track all costs across 13 discreet portfolios, including summary and line item detail for all IT Grow the Business and Run the Business costs fully reconciled to Erie’s general ledger system.
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