Case Study: Major European Insurance Company achieves 50% reduction in manual control time and verified accounting accuracy with Infogix ACR/Summary

Infogix Automated Controls Enable Concentration of Accounting Systems

A major European insurance company with two divisions (and a U.S. subsidiary) offering multiple product lines needed to build a shared accounting architecture that would use the same systems and processes while each division populated its own data. The program also required batch processing to be split into five partitions and adoption of new-generation account reports, creating risks around data quality, reconciliation and reporting consistency.

The company deployed Infogix ACR/Summary® to provide automated accounting controls, detect errors, enforce GL accuracy and aggregate partitioned data into single-view history reports. The solution delivered proactive alerts, simplified reviews, a 50% reduction in manual control effort, improved reporting accuracy and user confidence, and became the firm’s best-practice approach to account reporting.