Client Study: Business Transformation
Liquidity Improvements
Client: Global Insurance Firm
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Business Areas Impacted: Treasury, Policy Administration, Reinsurance, Premium Collection, Claims, Accounts Payable, General Ledger, Investments, Actuarial, Technology, Operations
The Challenge
Treasury function holding excess liquidity to meet firm commitments and investment obligations due to manual activities in the data and processing flows
Business Value Created
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Data based interpretation of Treasury business to find the cash, approaches to realize and sustain the benefits
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Many current state data artifacts created can be leveraged for future Digital enablement
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Inventory of opportunities to continue leveraging the data diagnostics to integrate and automate cross functional capabilities
How did Aggrego Help?
Assisted integration partner business teams and developed current state data artifacts and performed In-depth data analysis and diagnostics to interpret cross functional business impact.
Data domains included Premium Collection, Policy Admin data, Actuarial Cash flows, General Ledger data, Treasury Cash Flows among others
Developed critical path flows supported by inventory of end user files and automated data feeds, current state data dictionary reflecting the diagnostics of the liquidity problem
Working sessions with business teams including Treasurer, integration partner firm, Premium Collection and Finance to identify options and a prioritized sequence of initiatives to realize benefits
Solution design to address immediate opportunities to release cash
Integrate and automate Treasury Platform with Premium Collection, Reinsurance, Procurement, General Ledger and Reporting