Case Study: Horace Mann streamlines tax payments and improves compliance with GTreasury

Horace Mann saves 10 hours a week with GTreasury

Horace Mann, a multi-line insurance company, faced significant challenges in managing its high volume of tax payments across 40 different states. Their manual, spreadsheet-based process was time-consuming and prone to error, with payments often being rejected or incurring penalties due to constantly changing state-specific requirements and formats. The company partnered with GTreasury (referred to as Ripple Treasury in the case study) to automate and streamline this complex payment process.

Working with GTreasury, Horace Mann amended hundreds of addenda templates within the GTreasury Payments module to comply with various state regulations. This implementation created a centralized approval process and a single point for regulatory oversight. The results were highly measurable, saving the treasury team 10 hours of work per week, automating 100 types of tax payments, and virtually eliminating late fees. The project also improved the team's strategic profile within the company and provided a framework for other departments to build upon.

Horace Mann