Case Study: Mutual Insurance Company of Arizona achieves 50% reduction in report completion time with FYIsoft

Insurance company cuts financial report completion time by 50% with FYIsoft

Mutual Insurance Company of Arizona, a physician-owned mutual insurer managing nearly $1 billion in written premiums, faced a critical reporting challenge when Microsoft announced the end of FRx. With only five people handling accounting, the company needed a reliable FRx replacement that avoided the data integrity risks of Excel; they selected FYIsoft’s financial report writer as the clear alternative.

FYIsoft converted over 70 FRx reports with 95% accuracy, automated secure email distribution and drill-down reporting, and eliminated manual redesign work that would have taken an estimated three man‑months (a comprehensive review was completed in three days). As a result, FYIsoft helped cut average report completion time by 50% (from 10 days to 5), removed the need to track 25% of monthly deliveries and comments, and reduced paper use and ad‑hoc inquiries to the accounting team.

Mutual Insurance Company of Arizona

Becky Roth

Financial Reporting & Systems