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How An International Insurance Company Streamlined Expense Management with FinanSys

How An International Insurance Company Streamlined Expense Management with FinanSys

    As trusted providers of SunSystems and NetSuite business solutions with a strong focus on service quality, FinanSys delivers effective, resilient, and strategic business management and accounting systems to hundreds of organisations around the world.

    One such organisation is Cogent, an established independent international insurance and reinsurance broker situated at the heart of the London insurance market and established over 30 years ago.

    Being long-standing Sunsystems users, Cogent had previously upgraded from Sun 4 to Sun 6.1 (with Q&A10).

    Recently, impending IT obsolescence necessitated another upgrade. Although the company consider its accounting needs to be straightforward, there is a level of complexity in the necessity for multi-currency accounting. During their evaluation of alternative accounting software, the superior capability of SunSystems in this area became clear and reinforced the management team’s decision to upgrade to Sun 6.4 and Q&A11.

    In conjunction with the upgrade, the organisation also sought to streamline its heavily paper-based manual system of collating employee expenses and chose a third-party software provider to facilitate the electronic capture, processing, and paperless filing of this part of the business.

    A further objective was to integrate this software with SunSystems as seamlessly as possible to eliminate the duplication of data input and wasted effort.

    FinanSys’ SunSystems support team immediately sprung into action with the objective to modernise Cogent’s system, eliminate the data duplication through seamless integration, and streamline their expense management. The result is a paperless system that is capable of handling the most complex of employee expenses, yet easy enough for any employee to use no matter their location.

    International insurance and reinsurance broker integrates and streamlines expense management with SunSystems from FinanSys

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