Customer Story - Valuation Model Creation
An insurance company wanted to develop a new valuation model with strict quality standards. The need for quality excellence caused the team to tailspin.
Call for Help:
- The functional experts were mired in the details.
- The project was over budget because leaders were taxing the wrong people with the workload.
- The internal team spent lots of manual time in spreadsheets.
- Talent was over scheduled and focused on a perfect solution.
Farwell Advisor Support:
- FarWell replaced spreadsheets with an
- automated end-to-end tool that helped the team reduce errors, generate consistencies and save time.
- FarWell focused the team on critical project functions to help them stay on track and not get derailed by distractions or low-priority issues
- FarWell designed an approach to get everyone focused on the right tasks and removed the work that distracted them so they could execute as a high performing team.
Results:
The collaboration saved the customer $17M on one product.
- One product paid for the entire program over 5 years.
- The project achieved the desired timeframe.
- The customer achieved the required goal of 0% high or critical defects.
