Whitepaper: Why a subledger solution can offer the best of both worlds - Aptitude Software

Autonomous Finance Assessment Tool

Take our new assessment that helps you assess, benchmark and accelerate your journey towards Autonomous Finance. In just a few minutes.

Start Now
Benchmark your progress with the Autonomous Finance Assessment.
Start Now
Contact us
contact us

Whitepaper: Why a subledger solution can offer the best of both worlds

Relieve the burden of implementation and add value beyond compliance

Increasingly, we see insurers looking to modernise their finance, actuarial and risk functions. This is principally to reduce costs and provide better insight into the key metrics underpinning the business and driving profitability. This is a fast-changing area where insurers are increasingly using new technologies such as artificial intelligence and advanced analytics to drive finance transformation projects. Accurate and trusted data is at the heart of any finance transformation project and is fundamental to its success.

The consolidation and standardization of the data sets gathered from multiple actuarial and finance systems creates a rich, consistent data model that can essentially become a launchpad for a digital finance initiative. Insurers that see IFRS 17 as an opportunity to rethink their finance and compliance processes and future use of data, rather than just a compliance initiative, will achieve far more long-term, sustainable business benefits. They will be in a much better position to deliver strategic foresight to the business to drive business growth.

This whitepaper covers market trends and lessons learned by the industry over the last few years and looks at how insurers are using the potential extension of the compliance deadline to take a more strategic approach and identify benefits beyond compliance. We also identify areas where the Aptitude IFRS 17 solution has added valuable capabilities for our clients.

Aptitude Software
Privacy Overview

You can adjust all of your cookie settings by navigating the tabs on the left-hand side.

Our website uses strictly necessary, functional and targeting cookies to enhance your overall experience, to analyze your use and assist in our promotion and marketing efforts. If you click the ‘Accept all cookies’ button, you are agreeing to have these cookies on your device. You can also adjust your preferences for each cookie category by clicking the adjust cookie settings using the menu at left. See our privacy statement.