Ramu Rajasekaran

In the dynamic world of IT, thirty years is not merely a milestone; it is a testament to adaptability, resilience, and forward-thinking. In this landscape, Kumaran Systems emerges as a guiding light for businesses navigating the intricate web of outdated legacy systems.

As migration leaders, they bear the responsibility of ushering companies into the digital age, one system at a time. While its core offering revolves around the digital transformation of legacy systems, Kumaran Systems is now setting its sights firmly on the horizon, exploring the immense potential of Artificial Intelligence. Their recent foray into AI driven Business Process Automation (BPA) signals a strategic pivot in line with the evolving needs of modern businesses. Initiatives such as ‘Cognitive Document Processing’ reflect their commitment to transforming document processing from a laborious clerical task into an intelligent, swift, and seamless operation.

Addressing Impending Challenges in the Insurtech Space

Kumaran Systems takes on the central challenges faced by US insurance clients in business process automation of document processing. The insurtech sector grapples with issues including volume and complexity, data extraction from unstructured formats, real-time processing demands, ensuring data accuracy, manual errors, time and cost intensiveness, integration with legacy systems, and scalability.

Kumaran Systems addresses these challenges with cognitive document processing solutions, powered by AI. These solutions leverage Intelligent Optical Character Recognition (OCR) and Natural Language Processing (NLP) to extract data from diverse documents, validate data accuracy, reduce errors, improve cost and time efficiency, ensure seamless integration with legacy systems, and enhance data security and compliance. Scalability is a vital component of Kumaran Systems’ solutions, designed to meet the evolving needs of insurance clients.

Differentiation in a Competitive Market

Kumaran Systems’ competitive edge lies in their integration of AI with Business Process Automation and their expertise in legacy system migration. Businesses can benefit not only from upgrading outdated systems but also from the advantages that AI-powered automation brings. With intelligent BPA, Kumaran Systems goes beyond automating tasks; they make decisions smarter. Their cognitive document processing solutions, including ‘Loss Runs Processing,’ exemplify their commitment to automating the extraction of data from complex and unstructured documents with various layouts and nested structures. Custom solutions tailored to individual business needs and end-to-end services, from understanding legacy systems to post-deployment support, further solidify Kumaran Systems’ position as a frontrunner in the Insurtech space.

“Kumaran Systems’ move into integrating AI with Business Process Automation, combined with their legacy migration expertise, positions them well in the modern IT landscape. Businesses can not only benefit from moving away from outdated systems but also get the advantages that AI-powered automation brings to the table.”, says Ramu Rajasekaran, CEO of Kumaran Systems.

Client Success Story: Unveiling the Impact of AI-Powered Solutions

A distinguished 200-year-old Property & Casualty (P&C) insurance provider in the US faced a considerable bottleneck in managing the increasing volume of policy and claims documentation. Kumaran Systems introduced its Cognitive Document Processing solution tailored for the insurance sector. The solution automated document indexing, employed Intelligent OCR for data extraction, used AI for auto-indexing, seamlessly integrated with the client’s existing systems, and yielded transformative results. These outcomes included an 80% automation rate, enhanced accuracy, time and cost savings, scalability, and a secure and compliant data handling process improving Operational efficiency & Customer experience.

Future Endeavors and Global Expansion

Kumaran Systems’ future plans encompass expanding globally beyond North American insurance markets. They intend to collaborate with alliance partners to deliver AI-powered solutions in the BFSI sector and launch SAAS-based cognitive document processing solutions for instant data conversion.

“Our plans include launching SAAS based cognitive document processing solutions for instant conversion of data in digital format.”, says Mr. Rajasekaran.

Unveiling Kumaran’s Legacy Expertise in the AI Era

Kumaran Systems’ deep understanding of legacy systems and their experience in migration becomes invaluable when introducing AI into the mix. They not only automate processes but also reinvent them, ensuring businesses harness the full benefits of AI integration.

Charting the Path Forward

The transition from legacy systems to AI-powered solutions signifies more than just a technological shift; it represents the transformation of how businesses operate. Kumaran Systems not only observes this transformation but actively shapes it. With over three decades of rich legacy and a futuristic vision empowered by AI, Kumaran Systems isn’t just witnessing the future of business process automation; they’re leading the way.