The Challenges
Organisations operating in the insurance industry face a myriad of challenges in today’s business environment, from cyber incidents, to business interruption, to changes in legislation and regulation to name a few. It is vital that insurance organisations have business management solutions in place that help protect them from such risks and enable them to embrace ever-growing, complex demands, opportunities and changing organisational requirements.
Any financial or business management solution must support ongoing security compliance and governance requirements, to keep mission-critical business systems and data up-to-date and secure and to protect against cyber-attacks and natural disasters. Business continuity is key, as not only do insurance organisations require high system up-time levels, but they also need to continuously innovate without disruption in order to remain agile.
Insurance organisations must also improve operational efficiencies, such as integrating cash and financial management processes into a comprehensive system, while streamlining usage across multiple applications. They require the right strategy and tools to improve customer loyalty, optimise how people and technology interact for improved business outcomes, and to implement measures to protect customer data and remain compliant.
Whilst many insurance organisations have modernised the way they manage their customers, policies, referrals and even commissions, many still need to meet the demand for real-time, data-enabled decisions for better decision making and growth opportunities.
Our Insurance Industry Focus
We have over 30 years’ experience implementing and supporting market leading finance and business management solutions for organisations operating in the insurance industry all over the world. We understand the sector’s unique accounting requirements. The services and solutions we deliver focus on minimising risk, maximising efficiency and providing unprecedented visibility into all aspects of an organisation’s business systems.
Our Solutions
- Infor Financial Management
Eclipse combines insurance sector expertise with market-leading SunSystems software to help you meet your business challenges. SunSystems integrates general ledger, accounts payable, fixed assets, and other financial processes with operational systems such as claims and policy management. We have been an Infor partner since 1987. We can help with a variety of deployment options from on-premise, to hybrid, to SunSystems Cloud. We also provide a range of other related Infor business management solutions, including, Infor OS, Infor ION, Infor Document Management and Infor Enterprise Performance Management (Infor EPM) to name a few. - Proactis Spend Control & eProcurement
Insurance organisations are ahead of other sectors in many aspects of spend control, yet significant opportunities for driving up efficiencies are being missed. Proactis solutions streamline and automate spend control processes and obtain best value and control on eProcurement, routinely helping organisations save at least 15% on indirect spend. We have been a Proactis partner since 2005. - Sharperlight Business Intelligence & Reporting
Sharperlight business intelligence and reporting tools help insurance organisations take their reporting to the next level, beyond the capabilities of Excel spreadsheets. We have been a Sharperlight partner since 2013.
Who We Have Helped
We have worked with a wide-range of insurance companies over the years, including:
For further information on how we can help your insurance organisation streamline its core accounting and finance processes get in touch on +44 (0)203 866 8800 or request a callback from Gary, CEO of Eclipse:
