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Transformative Control for the Insurance Industry’s Office of Finance

Revolutionize your close process with the only System of Controls that combines all financial close activities into a single seamless platform.

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Effectively Manage Your Financial Close to Provide Valuable Insight to the Business.

Many F&A teams in the insurance industry still manage their close process through risky manual methods. However, increased security and efficiency can be gained through automating the financial close.

While the perceived status quo of accounting dictates that accountants must spend their time combing through spreadsheets, doing so denies insurance organizations the long-term benefits that come from directing your employees’ time where it’s most impactful. Additionally, the insurance industry continues to evolve globally as competition becomes an increasing factor and simply reducing costs by outsourcing is no longer the answer. Organizations must look at transforming their office of finance to achieve increased operational efficiencies and meet the demands of today’s fast-paced environment.

Explore the resources below to learn more about the benefits of implementing automation within the Record to Report process to increase the efficiency and effectiveness of your office of finance.

Resources for Insurance & Financial Services

White Paper

How the Insurance Industry Benefits From an Automated Financial Close

Within the insurance industry, organizations are handling large amounts of Personally Identifiable Information (PII) and Protected Health Information (PHI). With such high stakes, F&A teams...

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Cadency Reconciliation Certify

Take control of your error-prone and complex reconciliation process.

Improve the integrity of all financial statements by automating account reconciliations, balance sheet certification and variance analysis. By reducing your dependency on spreadsheets and minimizing inherent risks of conducting this process manually, Cadency Certify gives management real-time visibility into the financial close.

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Increase Close Process Efficiency with Cadency

Collaboration capabilities within Cadency Reconciliation Certify allow users to be added to preparer and reviewer user groups assigned to the same reconciliation, while still maintaining the segregation of duties for audibility. This reduces administrative work and time and cost of the close and also optimizes resource allocation.

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Want to learn more? Schedule a demo today to see why some of the world’s leading insurance and financial service providers trust Cadency.