UK dealer Swinton Insurance coverage has chosen reconciliation specialist Aurum Options to automate its reconciliations.
The mixing of Aurum’s automation will allow Swinton Insurance coverage to ensure accuracy at pace regardless of the big quantity of funds they deal with. This, in flip, saves them time and stress over complying with Consumer Asset Sourcebook (CASS) rules.
Every single day, Swinton Insurance coverage manages a fancy ecosystem of funds, of varied sizes, to and from prospects and insurance coverage corporations. With these transactions going down often and by way of numerous strategies, paired with the truth that they have to adjust to CASS guidelines, it is important that finance operations at Swinton Insurance coverage function at an especially excessive stage of accuracy.
The mixing of Aurum’s automation goals to assist Swinton Insurance coverage meet this demand each now and sooner or later.
Furthermore, as Aurum’s platform is versatile and scalable, Swinton Insurance coverage will be capable of handle larger transaction volumes whereas sustaining accuracy and monetary management, deploy new bespoke reconciliations when wanted, and deal with value-adding duties.
Jayne Logan, Monetary Operations Workforce Chief at Swinton Insurance coverage, mentioned: “We will now get extra out of our knowledge, and achieve this faster than earlier than, making our position each simpler and extra impactful. With Aurum, we now have so many alternative filters that we are able to simply extract the precise knowledge we’d like in only a few clicks. What was once an enormous job is now easy. The advantages of Aurum transcend simply banking reconciliation; it’s an enormous money and time saver that allows us to deal with making enhancements all through the enterprise.”
Entry essentially the most complete Firm Profiles
in the marketplace, powered by GlobalData. Save hours of analysis. Achieve aggressive edge.
Firm Profile – free
pattern
Thanks!
Your obtain e mail will arrive shortly
We’re assured in regards to the
distinctive
high quality of our Firm Profiles. Nevertheless, we would like you to take advantage of
helpful
choice for your online business, so we provide a free pattern that you would be able to obtain by
submitting the under kind
By GlobalData
Tiago Veiga, CEO at Aurum Options, continued: “Reconciliation is essential for insurance coverage corporations. Insurers take care of excessive transaction volumes, advanced knowledge sources, and are topic to stringent regulatory necessities, but many nonetheless use handbook legacy processes for reconciliation. This locations an enormous pressure on assets and makes it extremely tough to handle these transactions. Automation nevertheless results in sooner and extra correct reconciliation, enabling finance groups to spend extra time on different strategic actions. Our partnership with Swinton Insurance coverage is one other large step ahead in our mission of eradicating the burden of reconciliation from finance groups altogether.”
