LB Forsikring is a member-owned insurance company. It is currently the third largest insurance company on the private market in Denmark, with over 400,000 members and more than 750 employees.
As a financial company, LB Forsikring must adhere to documentation requirements concerning transactions and reconciliations. Therefore, an audit trail and proper documentation were at the top of the priority list when in 2014, the company had to find a solution that could improve their financial close process.
Since implementing Adra, LB Forsikring has seen several benefits, such as a streamlined financial close process and a continuous overview of all processes, tasks, and statuses.