Case Study: Horace Mann achieves automated tax payments and improved forecasting with GTreasury

Horace Mann - Customer Case Study

Horace Mann, a multi-line insurer serving more than 4,100 U.S. school districts with nearly $10 billion in assets, faced a labor-intensive tax-payments burden: roughly 2,200 tax payments annually totaling $20 million across 40 states, each with unique addenda and reporting rules. Horace Mann’s three-person treasury team relied on Excel and multiple bank portals, which led to manual rework, missed or rejected ACH payments and penalties, so they partnered with GTreasury and its multi-tenant SaaS treasury management solution (including the GTreasury Payments module) to resolve these issues.

Working with GTreasury, Horace Mann imported and amended hundreds of addenda templates (including amending 180 templates covering 300 fields) and implemented a centralized approval workflow in the GTreasury Payments module. The GTreasury solution reduced manual data entry, created an audit trail, improved cash forecasting, saved about 10 hours of work per week, and will automate nearly 100 types of tax payments—resulting in faster adjustments, fewer rejections, and broader operational benefits across the company.

Horace Mann

Rachel Obert

CTP Manager Banking and Investments