Case Study: Jardine Lloyd Thompson achieves greater efficiency in pensions finance with Cashfac

Jardine Lloyd Thompson reduces manual workflows over 10 years with Cashfac

Jardine Lloyd Thompson (JLT), a large risk specialist and employee benefits group, faced a challenge with its pensions finance teams. Their manual processes for confirming pension contribution receipts and re-keying transaction data were slow, paper-based, and prone to error, which delayed investments. To address this, JLT partnered with vendor Cashfac and implemented its Virtual Bank Technology platform.

Cashfac's solution automated JLT's administrative and banking processes by connecting to its five banks within a single integrated workflow. This provided greater visibility, removed manual data re-entry, and sped up reconciliations. The results for JLT included significant cost efficiencies, a reduction in departmental headcount, faster identification of incoming funds for investment, and a lower risk of human error.

Jardine Lloyd Thompson