Successful cash management with reliable information management
Insurance companies' financial results are influenced not only by products and services, but also by efficient cash management. A significant element of this concerns collection and disbursement costs. The task here is to reduce shortfalls in payment and instead earn interest from the careful timing of incoming and outgoing payments. To do this, employees and decision-makers require up-to-date cash flow data. Similarly, accounting processes meeting national and international standards such as IFRS and US-GAAP must be supported promptly by consistent information.
Cirquent provides intelligent IT support for specialist processes
From a technical point of view, effective cash management requires integrated information systems as well as interfaces to business areas such as sales, portfolio and finance. To achieve this, we plan and implement largely automated specialist processes on the basis of the best possible IT support by:
- Analysis and optimisation of the specialist processes
- Market analysis and evaluation of standard software and outsourcing partners
- Technical and organisational implementation of standard software (e.g. SAP FS-CD) and individual solutions
- Migration of existing systems
- Structuring efficient system architectures
- Development and installation of suitable control methods and tools
Achievable benefits
Your organisation benefits from higher interest income from cash management as a result of shortened processing periods, reduced collection costs and optimised payment flow. In addition, you are able to fulfil legal requirements swiftly and comprehensively.
