Case Study: Multi-National General Insurance Company achieves trusted, compliant financial reporting and 30-minute automated reconciliations with Precisely Data360

Ensuring the quality of data of a major systems investment

Multi-National General Insurance Company, a global insurer managing £14.5 billion of investments, faced inconsistent, incomplete financial data across SAP, data marts and a new financial data warehouse and relied on slow, manual reconciliations that required eight FTEs working two days each month. The company needed to restore business confidence in reporting, reduce compliance risk, and avoid undermining its SAP and reconciliation software investments.

Precisely implemented Precisely Data360 to automate end-to-end data quality rules and reconciliations between the SAP general ledger, the financial data warehouse and data marts. Precisely’s solution turned a two-day monthly manual reconciliation (eight FTEs) into a 30-minute automated process and reduced daily reconciliations to five minutes, established audit-ready data governance, improved reporting accuracy and transparency, and materially lowered regulatory and operational risk.