Each bound policy carried a complex matrix of figures—gross written premium (GWP), broker commissions, insurer shares across multiple syndicates—exceeding what generic ERPs or rigid forms could handle. To address this, the company’s finance team worked with FinanSys to build a bespoke Policy Management app in UniFi, capable of capturing every data point required for revenue recognition and statutory reporting. The app would then post to Infor SunSystems Cloud. The move eliminated spreadsheet risk and established a trusted source for downstream reporting and audit. It centralised granular policy data capture previously scattered across multiple files and automated approvals and document handling for sales and purchase processes.
“Our revenue requirements are extremely complex because of the sheer amount of data behind each policy. Transitioning from confusing spreadsheets to being able to create policies directly within the system has completely changed this,” the company’s accountant added.”
