Application Modernization Initiative Drives $300,000 Annual Savings and New Level of Innovation
SEATTLE, WA--(Marketwired - October 01, 2014) - Modern Systems, a wholly owned subsidiary of Blue Phoenix, LTD (
Moorcroft, which supports debt collection for hundreds of utility, banking and financial service customers, ran its core debt management application on a mainframe for more than 25 years. The legacy application - which served as the backbone of Moorcroft's businesses -- limited the company's ability for reporting and integration, slowed innovation and prevented finance from gaining valuable insight for operational improvements. The system's role in Moorcroft's daily activities prevented a rip-and-replace modernization approach, as just one hour of the application being offline would cost the company $24,000.
"The mainframe had many strengths such as familiarity, performance, reliability and security," said David Pickering, Moorcroft Information Technology Manager. "However, a complete 'big bang' implementation would have been a significant barrier to our business. We proved mainframe modernization could be split into distinct phases, with each phase delivering real business benefit."
Modern Systems modernized Moorcroft's debt management application using a three-phased approach:
"We've seen a subtle change in modernization drivers over the past year," said Rick Oppedisano, Modern Systems VP of Global R&D and Marketing. "Companies recognize that harnessing data and gaining visibility into critical operations and transactions contributes greatly to innovation and competitive advantage. We've purposely designed our technology for flexibility and to address each stage of that legacy lifecycle. This is the approach our customers, and the market, demand."
About Modern Systems
Modern Systems (
About Moorcroft Debt Recovery Group
Moorcroft Debt Recovery Group, based in Stockport, Cheshire UK, serves hundreds of customers in the banking, retail, utilities and telecommunications sectors. The company leverages a unique communication platform to service more than 1 million live accounts every day. Moorcroft Debt Recovery Services is authorized and regulated by the Financial Conduct Authority for Accounts formed under the Consumer Credit Act 1974 (amended 2006), and actively maintains ISO 9001 (Quality Management) and ISO 27001 (Information Security) certification through regular independent audits.
Vice President of Global R&D and Marketing, Modern Systems
Barokas PR for Modern Systems