Case Study: CSAC Excess Insurance Authority achieves 50% faster invoicing and scalable, staff-efficient accounting with MIP Fund Accounting

CSAC EIA Accounting Team Works Smarter, Faster, Leaner with MIP Fund Accounting

CSAC Excess Insurance Authority (EIA), a member-directed insurance risk-sharing pool serving California public entities, faced growing complexity from adding programs and adapting to a highly cyclical insurance marketplace. The organization needed an adaptable, fund-specific accounting system to handle increasing billing volume, stringent audit requirements, and evolving member needs — and chose MIP Fund Accounting.

MIP Fund Accounting delivered a true fund accounting solution with robust import and email-invoicing capabilities, allowing CSAC Excess Insurance Authority to upload complex invoicing spreadsheets and email invoices (with multiple CC recipients) instead of printing and mailing. As a result, the EIA billed about $285 million to 800 members in July and had collected all but $5,000 by September, cut invoice production time by roughly 50% (from two weeks to under one week), processed 10–15% more invoices with the same staff (even while down 20%), and sustained ~30% year-over-year workload growth without adding personnel — outcomes driven by MIP Fund Accounting.

CSAC Excess Insurance Authority

Vicki Walter

CPA Controller