Case Study: a large insurance company streamlines collateral management with CloudMargin

Large Insurance Company - Customer Case Study

A large insurance company faced significant challenges in managing its derivatives and collateral operations. Its process was highly manual, relying on spreadsheets and emails, and was fragmented across its UK and Danish offices. This lack of centralization was inefficient, prone to error, and consumed valuable staff time. Seeking to automate, streamline, and centralize this function, the company turned to the vendor CloudMargin for its cloud-based collateral management solution.

By implementing CloudMargin, the insurance company centralized all collateral activity onto a single, automated platform. The solution was implemented rapidly with zero disruption, going live in less than two weeks. CloudMargin eliminated manual processes, saving a substantial amount of time; one daily task that took three hours was reduced to under ten minutes. This allowed operational staff to focus on higher-value work. Furthermore, CloudMargin's SaaS model provided the firm with bespoke functionality, including advanced reconciliation tools, at no extra cost, delivering significant savings compared to alternative providers.