7. Increasing Accounting Management Efficiency
Insurers need greater flexibility in meeting reporting requirements, regulatory compliance, and problem resolution while increasing efficiency and performance of their accounting and investment management operations. Integrated solutions for investment, performance and analytical reporting, will provide greater insight, helping them more effectively manage their portfolio and results. In financial reporting, the complexity around cost and revenue allocation, such as tracking, setting up and managing them, are driving the need for enterprise views of cost and profitability to help executive teams make more informed decisions.
— Kevin Singerman, SVP, SunGard’s iWorks Financials
Source: SunGard iWorks
Katherine Burger is Editorial Director of Bank Systems & Technology and Insurance & Technology, members of UBM TechWeb's InformationWeek Financial Services. She assumed leadership of Bank Systems & Technology in 2003 and of Insurance & Technology in 1991. In addition to ... View Full Bio