Challenge
Managing compensation for a large network of financial professionals required precision, security, and compliance. However, the company’s legacy system lacked documentation, was built on outdated technology, and posed operational risks. Without a modernized system, compensation processing was becoming increasingly difficult to maintain, threatening accuracy and efficiency.
To resolve these challenges, the company needed to reverse engineer the existing system, document business rules, and develop a future-proof compensation platform. The new system needed to:
- Ensure security and compliance by replacing unsupported technology.
- Improve accuracy and reliability in executing compensation rules and calculating bonuses.
- Enhance user experience with an intuitive and scalable platform.
Given the critical nature of compensation processing, the company required a meticulous and structured approach to rebuilding its platform without disrupting ongoing operations.
Solution
Technology Partners led the design, development, and deployment of a modernized compensation management platform, utilizing a progressive web application approach.
The project began with reverse engineering the legacy system, meticulously documenting all compensation rules, objectives, and hierarchies to ensure a seamless transition. Through continuous collaboration with Subject Matter Experts (SMEs), the development team confirmed system requirements and maintained alignment with business goals.
To support agile development and rapid deployment, the new application was built using JavaScript, HTML, CSS, Webpack, Java MicroServices, Knockout.js, and Oracle. This robust technology stack enabled real-time updates, improved security, and enhanced system performance.
By implementing agile methodologies, the team delivered functional software in incremental releases, allowing business partners to review progress and ensure alignment with compensation policies. The new system introduced a streamlined UI/UX, simplifying the definition and management of complex compensation rules while improving efficiency across departments.
Results
The modernized compensation management system delivered exceptional accuracy, security, and usability, setting a new standard for precision and efficiency.
The transition to a progressive web application enhanced security, reducing the risks associated with outdated infrastructure. The system’s improved rule configuration tools and automation capabilities eliminated manual errors, leading to zero calculation errors in production.
With a scalable and intuitive platform, compensation processing became more efficient, enabling faster adjustments to compensation structures and regulatory changes. The success of the deployment positioned the company for long-term operational stability while ensuring financial professionals received accurate and timely compensation.
Key Outcomes
- Zero calculation errors in production, ensuring compensation accuracy.
- Modernized compensation management system, replacing outdated infrastructure.
- Improved security and compliance, eliminating risks tied to legacy systems.
- Enhanced user experience, simplifying compensation rule configuration and processing.
- Scalable platform for future enhancements, supporting evolving business needs.
