Case Study: Top 20 U.S. Multi-line Insurance Company achieves automated end-to-end financial reconciliation with Infogix

Improved Operational Efficiencies through End-To-End Financial Reconciliation

A top-20 U.S. multi-line insurance carrier serving more than 4 million customers used a strategic mainframe-to-distributed-systems migration to rethink its financial reconciliation processes. The company needed an automated, enterprise-wide approach to interface and account balancing to reduce cost and risk, speed reconciliations, improve accuracy, and meet SOX and NAIC MAR compliance, because existing mainframe controls and manual distributed controls left gaps in visibility and exception remediation.

The insurer deployed the Infogix Enterprise Data Analysis Platform to automate end-to-end balancing and reconciliation with configurable rules, a central repository, workflow notifications and audit trails. The solution eliminated manual routines, improved data integrity and root-cause visibility, provided real-time dashboarding for decision-making, accelerated audits and remediation, reduced costs and risk, and served as a model for broader adoption across the organization.