Transforming Reconciliation for a Top 10 U.S. Insurance Company
How do you get your arms around millions of pieces of data being gathered by 39,000 employees who are servicing a diverse range of policy lines? That was the challenge for one top ten insurer.
They solved this challenge by implementing Frontier™ Reconciliation, an automated reconciliation software solution. Before implementation, the company was using 300 different Excel reconciliation documents and was spending countless hours searching for exceptions and problems.
With Frontier Reconciliation, they now have a seamless system with a standard interface from an accounting rules engine that provides both ledger and reconciliation benefits, eliminating the need for two systems.
- Country
- Canada, United States
- Solution
- Risk & Compliance, Financial Control & Accounting
- Industry
- Insurance
- Published
- September 2017
