Business Issue
Manual processes, multiple systems and tools for managing traditional ERP functions were driving up costs and errors, prohibiting a major insurance company from achieving the level of financial control, efficiency and compliance it required.

Solution
Using Pega BPM, the company has extended and enhanced its ERP capabilities; optimizing performance in the monthly accounting close, supplemental financial reporting and external auditing processes with intelligent business processes. Pega BPM consolidates data, automatically tracks and manages thousands of tasks and guides users through complex processes and systems.

Benefits

• Monthly accounting close cycle reduced by 64% from 28 to 10 days.
• Savings over of 9,000 labor hours per month.
• Supplemental state financial reporting is virtually 100% on time.
• Better communication and task accountability has eliminated churn and frustration in the external auditing process.