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NEOS LLC offers inside look on how to find and manage operational risk.

NEOS LLC released the first of a series of eBooks on a variety of business solutions for companies in the insurance, financial services and information media industries. The eBook “Operational Risk exists in every organization. Even yours.” addresses how to handle the concern of loss from internal business processes, people and technology.

Organizations accept that their internal resources are imperfect and that losses will arise from errors and ineffective operations. The size of the loss they are prepared to accept will determine their depth of operational risk. Depending upon the infraction caused by unknown risk, a company can suffer fines, loss of revenue, or reputational damage.

NEOS has authored an eBook to provide insight around operational risk, proving how business knowledge aids management in making tough decisions regarding risk. The eBook defines operational risk, shows the factors that should make you question your risk, categorizes where risk is found, and explains how an organization should begin addressing their risks.

“We designed this eBook to provide companies with the opportunities to get ahead of their potential problems that are within their framework. When you have large amounts of employees, processes and technology, it is easy for things to get uncoordinated. All pieces need to work together to control risk, which is where we come in, to point out where pieces have stopped working together,” said Dan Kohler, Senior Consultant at NEOS LLC.

“At NEOS we see processes as assets. By performing an objective review of operational risk, we are able to make sure that processes are working as assets instead of points of risk. We have been a part of the industry for so long; we have become very skilled at recognizing potential problems, working closely with our clients and identifying recommendations that will reduce the amount of risk quickly and cost effectively,” Carla Gregory, VP of Business Operations at NEOS LLC.

For more information on Operation Risk visit our Business Services page.

Webinar to be Held for Insurance Professionals on Harvesting Value from Closed Blocks of Business

NEOS LLC, a business consulting and technology services firm with unparalleled experience in business and technology transformation efforts, announces the availability of a free webinar on “Harvesting Value from Closed Blocks” on September 25, 2013 at 1 pm EST.

NEOS CEO, Ernst Renner, to partner with Acadia,s Executive Managing Director, Rick Calderon, and Kiri Parankirinathan ASA, MAAA, MA, MS President, Life Product Developers and Chief Operating Officer, Melaneus Premier Financial Systems. The three will provide Life and Annuity professionals tips and best practices for managing closed blocks of business.

Closed blocks of business can represent a cost and resource burden for many life and annuity companies. Typically, it becomes a factor when faced with acquisition, system modernization or allocating resources to develop new products or markets. This “burden” can represent a path to value as well, but how do you harvest that value?

There are several options available to most companies, ranging from moving to strategic platforms to divesting the business. The issue is that it is not a “one size fits all” proposition. Dealing with a portfolio requires a precise strategy. Ernst and Rick will discuss different approaches for resolving the disposition of closed blocks of business. They will present methods for determining the best approach and how to execute to that plan.

This is the first of a series of webinars that NEOS will host focusing on a variety of topics within the financial services, insurance and information media industries. Ann Woods, Communications Director at NEOS LLC, says “The webinars are an exciting opportunity to show the depth of NEOS, expertise while interacting with other professionals in the industry. Our goal is to share valuable insight from our firm to other industry professionals.” The webinars will include experts from across industries to maximize value to attendees.

To register for the upcoming webinar, please click here.

About Acadia Financial Group
Acadia Financial Group is the trade name for Acadia Holding Corporation, a privately held Delaware corporation with offices in Miami, Florida. Acadia Financial Group encompasses Bermuda based Acadia Life International Limited, Acadia Life Limited and Acadia Wealth Management Ltd. The activities Acadia Financial Group as exclusively related to managing non-US insurance, annuity and wealth management firms.

Acadia Life International Limited and Acadia Life Limited are both licensed in Bermuda to carry on long term insurance activities on an exempt basis. Acadia Wealth Management Ltd. is a Bermuda separate accounts company that offers investment products in the form of Preferred Shares. Sales for all Bermuda firms are conducted on a Private Placement basis. We make no sales to Bermuda residents and do not carry on solicitation or sales activity in the US or in any other prohibited jurisdiction.

The Group is supported by the services of Miami based Flamingo Software LLC, its affiliated web based insurance services and administration firm.

About Life Product Developers, Inc.

Life Product Developers, Inc. (LPD) designs, develops and completes innovative life insurance products and offers applicable actuarial consulting and other insurance related high quality services with prompt, accurate responses in keeping with the financial integrity of our clients and of LPD. LPD was established in August 1995 primarily to design and develop various types of life insurance and annuity products for insurance companies and other entities. Since inception, LPD has designed and developed more than fifteen variable life insurance and annuity products targeting corporate and high net worth individual market.

About Melaneus Premier Financial Systems

Melaneus Premier Financial Systems (MPFS) was established by Kiri Parankirinathan, ASA, MAAA and Victor Bertolozzi, FSA in May, 2007 to enable insurers to illustrate and administer insurance policies. The systems can accommodate any life insurance and annuity product. The system currently administers registered variable universal life, private placement variable universal life and private placement annuities offered in the individual market as well as corporate market for offshore companies and domestic companies.

Rob Nocera Honored As Bronze Stevie® Award Winner in 2013 American Business Awards

Rob Nocera, CTO and Partner, NEOS LLC, was awarded a Bronze Stevie® Award in the Information Technology Executive of the Year category in the 11th Annual American Business Awards.

The American Business Awards are the nation’s premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations – public and private, for-profit and non-profit, large and small.

Nicknamed the Stevies for the Greek word for “crowned,” the trophies were presented to winners during a gala banquet on Monday, September 16 at the Julia Morgan Ballroom in San Francisco. More than 250 nominees and their guests attended.

This year’s American Business Awards were presented at two awards events. Awards for marketing, customer service, human resources, and other disciplines were announced in Chicago in June. Last night’s event focused on the technology and new product awards categories.

More than 3,200 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories, including Most Innovative Company of the Year, Management Team of the Year, Best New Product or Service of the Year, Corporate Social Responsibility Program of the Year, and Executive of the Year, among others. Rob was nominated in the Information Technology Executive of the Year category.

Rob’s executive leadership led Vgo Software, NEOS’ sister company, to enhance and extend Vgo’s tools-assisted modernization services in 2012. He modernized product capabilities in multiple ways, which helped NEOS grow at the rate that it did in 2012.

Ernst Renner, Chief Executive Officer and Managing Partner, says “Rob is critical to the success of NEOS. His leadership ability, unique skill set and wonderful sense of humor makes Rob a key part of our team. We are very proud of Rob for this significant achievement.”

Stevie Award winners were selected by more than 320 executives nationwide who participated in the judging process.“So many remarkable stories of success and innovation were told in the nominations submitted to this year’s American Business Awards,” said Michael Gallagher, president and founder of the Stevie Awards. “We congratulate all of this year’s Stevie Award winners, and thank them for the inspiration provided by their achievements.”

About the Stevie Awards
Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. A fifth program, the Asia-Pacific Stevie Awards, will debut this month. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide.

Sponsors and partners of The 2013 American Business Awards include the Business TalkRadio Network, Callidus Software, Citrix Online, Dynamic Research Corporation, Experian Consumer Services, John Hancock Funds, LifeLock, PetRays, and SoftPro.

NEOS LLC makes Inc. Magazine’s Annual List of America’s Fastest-Growing Private Companies

NEOS LLC Ranks No. 2975 on the 2013 Inc. 5000

Hartford, CT — Inc. magazine ranked NEOS LLC No. 2975 on its seventh annual Inc. 5000, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look atInc5000news the most important segment of the economy – America’s independent entrepreneurs. NEOS also ranked #30 in the top 100 companies in its headquarter state of CT.

Ernst Renner, CEO and Managing Partner, NEOS LLC, said “We are proud to have placed in the top 3000 on our first time submitting for this list. Our growth is a direct result of the performance of our people and their unmatched expertise.”

In a stagnant economic environment, median growth rate of 2013 Inc. 500|5000 companies is an impressive 142 percent. The companies on this year’s list report having created over 520,000 jobs in the past three years, and aggregate revenue among the honorees reached $241 billion.

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.

“Not all the companies in the Inc. 500 | 5000 are in glamorous industries, but in their fields they are as famous as household name companies simply by virtue of being great at what they do. They are the hidden champions of job growth and innovation, the real muscle of the American economy,” says Inc. Editor Eric Schurenberg.

About NEOS

NEOS is a management consulting and technology services firm with unparalleled experience in holistic modernization, enterprise data and business operations consulting throughout the US, Europe, the Middle East and Asia. Clients range from large mid-cap companies to the Global 1000 segments including financial services, insurance and media. Services also include process, organizational and operational consulting, enterprise architecture strategies and design, reviews and planning, deployment and data analysis. NEOS is the parent company of Vgo Software that specializes in modernization analysis and conversions solutions.

For more information about NEOS, visit http://www.neosllc.com

For more information about Vgo Software, visit http://www.vgosoftware.com.

About Inc.

Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit www.inc.com.

About the Inc. 500|5000 Conference

Each year, Inc. and Inc.com celebrate the remarkable achievements of today’s entrepreneurial superstars—the privately held small businesses that drive our economy. The Inc. 500|5000 Conference & Awards Ceremony brings together members of the Inc. community, both a new class of Inc. 500|5000 honorees and the list’s alumni, for three days of powerful networking, inspired learning, and momentous celebration. Please join us October 10–12, 2013, at the Gaylord National Resort & Convention Center in Washington, DC. For more information about the 2013 Inc. 500|5000 Conference & Awards Ceremony and to register, visit www.inc500conference.com or call 866-901-3205.

3 Key Elements to Ensure Quality Software Delivery

 

Truck icon on keyboard for NEOS blog

The process for implementing a software program is unique to every company and even specific departments within a company. It is essential to know the end user and exactly how the software will be used. Achieve your desired results by incorporating three key elements into your software delivery strategy.

  • Verifiable and measurable requirements:

Well-defined requirements enable the successful delivery of any software development initiative. Focus on the business need driving the software change and the associated requirements rather than a preconceived notion on how something should be done. Requirements should provide enough clarity to create a vision of the desired outcome and to measure results.

  • Detail Design Activities and Blueprints:

A second key element would be the detail design activities and documentation that provides a good blueprint for development. While the requirements phase answers the ‘what,’ this part of the development phase will answer the ‘how.’ The design documentation should illustrate what features and functions can be expected. The result provides the customer a map of how their requirements will be achieved. Taking this key step will prevent gaps between the requirements, detail design and ultimately the solution delivery.

  • Testing and validation:

Finally, testing and validating test cases will ensure that the design activities met the requirements. The use of a Requirements Traceability Matrix (RTM) will assure the business needs are being achieved and verified. Aligning test validation in this fashion provides a solid audit trail that maps requirements to design and shows test results that confirm the success. There is also the added benefit of providing better insight to a developer on where to focus if there is a particular test failure identified.

Software implementations differ by company according to need; however,successful software implementations incorporate a focus on requirements, detail design, and testing and validation. Addressing these three principal elements with diligence will ensure quality software delivery.

We believe successful modernization occurs at the intersection of business, process and technology. A solution that does not address all three is incomplete and, ultimately, ineffective.

NEOS Recognized as a 2013 Seven Small Jewels:
Seven to Watch

Consulting magazine selects best niche consulting companies.

Consulting magazine has named NEOS, LLC a “Seven Small Jewels: Seven to Watch” firm, a designation given to professional services firms that stand out as the best niche firms defying the odds in a tumultuous economy. With more than 125 nominations for the Seven Small Jewels award, it stands to reason that several stood out in the eyes of the magazine’s editorial committee; an additional seven firms stood out enough to be recognized as the “Seven to Watch” this year and beyond.

NEOS stands out by providing strategic solutions to its clients and delivering those solutions in a practical and client-appropriate, implementation model. NEOS differentiates itself by an extremely talented and experienced employee base that have “been in the clients’ shoes.” NEOS also is able to draw differentiation and competitive advantage by leveraging its Vgo Software brand, which provides fast, efficient and high-quality technology modernization options to clients.

Ernst Renner, NEOS CEO and Managing Partner, says, “We are thrilled to be selected as one of the Seven Jewels to Watch. We are in excellent company and look forward to next year as we continue to grow. Our focus remains insurance and financial services going forward, but will look to strategic growth opportunities in other business verticals as well.”

About NEOS LLC

NEOS is a management consulting and technology services firm with unparalleled experience in holistic modernization, enterprise data and business operations consulting throughout the US, Europe, the Middle East and Asia. Clients range from large mid-cap companies to the Global 1000 segments including financial services, insurance and media. Services also include process, organizational and operational consulting, enterprise architecture strategies and design, reviews and planning, deployment and data analysis. NEOS is a sibling company of Vgo Software, which specializes in modernization analysis and conversions solutions.

For more information about NEOS, visit http://www.neosllc.com.

For more information about Vgo Software, visit http://www.vgosoftware.com.

About Consulting Magazine

Consulting magazine is the flagship publication of the consulting profession. The magazine features the latest information on consulting careers, thought leadership, and corporate strategies. Consulting magazine organizes the annual Consulting Summit – the largest gatherings of consulting leadership in North America. It hosts award dinners as part of the Consulting magazine Achievement Awards series – including dinners honoring Women Leaders in Consulting and The Top 25 Consultants. The magazine is published by Kennedy Information, LLC, the authority in the consulting space since 1970 providing a wide range of research and advisory services offerings to buyers and sellers of consulting.

Kennedy’s parent company, Bloomberg BNA, a wholly owned subsidiary of Bloomberg, is a leading source of legal, regulatory, and business information for professionals. Its network of more than 2,500 reporters, correspondents, and leading practitioners delivers expert analysis, news, practice tools, and guidance — the information that matters most to professionals. Bloomberg BNA’s authoritative coverage spans the full range of legal practice areas, including tax & accounting, labor & employment, intellectual property, banking & securities, employee benefits, health care, privacy & security, human resources, and environment, health & safety.

Ernst Renner Honored as Bronze Stevie® Award Winner

Winners in first of two ABA awards events were presented on June 17 in Chicago.

[Hartford, CT] – Ernst Renner, CEO and Managing Partner, NEOS received a Bronze Stevie® Award in the Executive of the Year category in The 11th Annual American Business Awards in Chicago on Monday, June 17th.

ErnstBronzeABAThe American Business Awards are the nation’s premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations – public and private, for-profit and non-profit, large and small.

Nicknamed the Stevies for the Greek word for “crowned,” the trophies were presented to honorees during a gala banquet on Monday, June 17 at the Fairmont Chicago Millennium Park Hotel. More than 500 nominees and their guests attended. The presentations will be broadcast by the Business TalkRadio Network on Wednesday and Thursday nights.

The 2013 American Business Awards will be presented at two awards events: Monday’s banquet in Chicago, and at the new products & tech awards event on Monday, September 16 in San Francisco.

More than 3,200 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories, including Most Innovative Company of the Year, Management Team of the Year, Best New Product or Service of the Year, Corporate Social Responsibility Program of the Year, and Executive of the Year, among others. Renner is nominated in the Executive of the Year category for Business Services.

Renner led NEOS to do twice as much business in 2012 as the previous year and expanded NEOS’ brand concentrations to achieve a better client-mix and exceed the target goal of new clients by 60% in 2012. His leadership and tenacity also guided the firm to realize a 70% growth in revenue from 2011 to 2012.

Stevie Award winners were selected by more than 320 executives nationwide who participated in the judging process this year.

“This year’s American Business Awards was outsized in every way,” said Michael Gallagher, Stevie Awards founder and president. “More entries and more judges than ever before, and I’d have to say the most impressive collection of nominations we’ve ever received. We congratulate all of this year’s Stevie winners for their outstanding work.”

About the Stevie Awards

Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. A fifth program, the Asia-Pacific Stevie Awards, will debut this year. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide.

Sponsors and partners of The 2013 American Business Awards include the Business TalkRadio Network, Callidus Software, Citrix Online, Dynamic Research Corporation, Experian Consumer Services, John Hancock Funds, LifeLock, PetRays, and SoftPro.

CEO Ernst Renner and CTO Rob Nocera Named Finalists in 2013 Stevie Awards

Ernst Renner, CEO and Managing Partner, NEOS, was named a Finalist today for Executive of the Year in the 2013 American Business Awards. Rob Nocera, CTO and Partner, NEOS, was named a Finalist for Information Technology Executive of the Year. Both will ultimately be a Gold, Silver or Bronze Stevie® Award winner in the program.

RobErnst3The American Business Awards are the nation’s premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations – public and private, for-profit and non-profit, large and small.

The American Business Awards will be presented at two awards events: the ABA’s traditional banquet on Monday, June 17 – in Chicago for the first time, after 10 years in New York; and the new product & technology awards event on Monday, September 16 in San Francisco.

More than 3,200 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories, including Most Innovative Company of the Year, Management Team of the Year, Best New Product or Service of the Year, Corporate Social Responsibility Program of the Year, and Executive of the Year, among others. Renner is nominated in the Executive of the Year category for Business Services, and Nocera is nominated in the Information Technology category.

In 2009, Renner created a five year transformation plan for NEOS, aiming to build a world-class professional services firm. Additionally, he refined NEOS’ services to three distinct practice areas, business consulting, data services and technology modernization, which offer innovative solutions to the NEOS target market.

By applying a new, strategic focus to the firm, and executing that strategy by building a top-notch leadership team, NEOS executed-to-plan resulting in 60% growth in 2012. The firm is on target to hit its financial goals in 2013, which call for a 30% increase in growth. Under Nocera’s leadership, the company extended its tools-assisted modernization service in 2012. Nocera’s vision enabled the Vgo product family to extract more detailed meta-data from legacy technology, resulting in greater business use, insight and understanding. The products offer support of embedded business rules harvesting and process review, providing greater insight to client software issues. The ART tool, which provides in-depth insight into a client’s legacy applications, was enhanced to better focus on clients’ data dependencies. Rob also led the Vgo team to implement Sybase to Oracle and C# remediation as part of the overall software portfolio.

Finalists were chosen by more than 140 business professionals nationwide during preliminary judging in April and May. More than 150 members of nine specialized judging committees will determine Stevie Award placements from among the Finalists during final judging, to take place May 13 – 24.

About the Stevie Awards

Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. A fifth program, the Asia-Pacific Stevie Awards, will debut this year. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at .

Vgo Software speaking at RMOUG Training Days 2013

Hartford, CT – February 11, 2013 – Jigar Parsana, Modernization Architect, Vgo Software/NEOS, will present ‘Forms to Struts 2, Spring and Hibernate: Value & Gotchas’ at the Rocky Mountain Oracle User Group Training Days 2013 in Denver, CO on February 11 – 13. This event is an annual two-day, multi-track, training event that showcases the latest in Oracle and other technologies and techniques.

Parsana will outline the use of Struts 2, Spring, and Hibernate as a target platform for the conversion of Oracle Forms applications. With the acquisition of Sun and Java by Oracle, the utilization of “pure” Java solutions has become a very viable and straightforward alternative for Oracle customers looking to modernize Oracle Forms applications. Unlike Oracle ADF, Struts 2, Spring, and Hibernate provide a more Java-centric approach to application development, allowing a higher level of control for programmers.

According to Parsana, “This information will be helpful to users considering Oracle ADF 11g or the Struts/Spring/Hibernate architecture as modern end-states for their Forms application. The intent is not to say one is better than the other, but is to provide the attendees with alternatives so that they can have some background to make an informed choice.”

Parsana has been developing and implementing Web applications using Java technologies for over a decade. As a software architect, he is responsible for leading the technical aspects of modernization projects at NEOS, where he leverages that experience to modernize clients’ Oracle Forms, Powerbuilder, and .Net-based systems to Web and SOA-based application architectures.

Robert Nocera, Chief Technology Officer, NEOS LLC, will be a co-presenter for this discussion. Nocera says, “ADF and open source Java platforms are important to consider when modernizing applications from Oracle Forms. Both platforms provide a wider range of integration options with other enterprise systems that Forms does not provide. ADF and other Java frameworks provide a platform for supporting multiple views of the same application, one might be a web view, another might be a tablet or mobile view. Forms does not provide that level of flexibility.”

About RMOUG

RMOUG is the Rocky Mountain Oracle Users Group – RMOUG is an independent, non-profit organization formed to empower its members with the best education in database, application, development and personal networking opportunities in the Rocky Mountain Area and beyond. RMOUG offers a yearly, highly recognized Training Days Conference each February, along with quarterly educational events, formal and informal training opportunities, networking with local/global database and development professionals. We also offer our highly anticipated, quarterly newsletter- SQL>Update, mailed directly to your residence or place of business. Our educational events give members the opportunity for feedback to major vendors/products and meet senior technical representatives from Oracle, MySQL, Hyperion and other industry leaders. For more information, go to www.rmoug.org.

NEOS Sponsors IQPC Business Process for Financial Excellence 2013 Conference

Hartford, CT – January 31, 2013 – NEOS LLC will sponsor the IQPC Business Process for Financial Excellence 2013 Conference. The conference, taking place in New York City on March 20th and 21st, will address the unprecedented regulatory, economical and operational pressures faced by the financial services industry.

Carla Gregory, Vice President, Consulting Operations, NEOS, will be speaking about investigating process control topology and how to best utilize it within financial services. According to Gregory, “business process and compliance are on a collision course as financial services companies confront the complexities of managing both.” The Process Control Topology approach helps companies who need a view into how controls, business process and application architecture cooperate to achieve compliance with regulatory and risk management requirements.

NEOS is very excited to sponsor this event due to our extensive work in the financial services industry. The great majority of the NEOS staff came from the business and IT areas at major insurance and financial services firms. We bring an intimate understanding of the typical challenges that these industries face and the know-how to get our clients out in front of those hurdles. Our clients range from large mid-cap companies to the Global 1000 segments including financial services, insurance and media.

This is the only event bringing together the financial service’s industry’s most progressive thinkers from leading retail and investment banks and insurance companies. To learn more about the event, click here.

About IQPC

The International Quality & Production Center is a production company that provides business executives around the world with tailored practical conferences, large scale events, topical seminars and in-house training programs, keeping them up-to-date with industry trends, technological developments and the regulatory landscape. IQPC’s large scale conferences are market leading “must attend” events for their respective industries.


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