SunGard Launches New Insurance BI Tool to Help Provide Strategic Insights to Financial Accounting Executives

SunGard Launches New Insurance BI Tool to Help Provide Strategic Insights to Financial Accounting Executives
29.04.2015 01:00 am

SunGard Launches New Insurance BI Tool to Help Provide Strategic Insights to Financial Accounting Executives

Insurance

SunGard has released business intelligence (BI) dashboards to help insurance executives readily evaluate the performance and financial health of their organization. This cloud-based and mobile-enabled BI tool provides a visual assessment of key performance indicators, helping executives gain real-time insights that facilitate more timely and reliable business decisions. These dashboards work in conjunction with SunGard’s financial accounting system, EAS.

According to a 2014 SunGard BI study, 45% of financial and energy company executives said they fulfill reporting needs through manual data extraction, massaging and presentation using tools such as spreadsheets, and less than one in five (17%) has timely access to desired reports and analytics. By automating the aggregation and analysis of the data, SunGard’s EAS BI dashboards help remove the human error inherent in manual processes to help improve accuracy and efficiency. SunGard’s EAS BI dashboards give financial leaders a comprehensive view of financial accounting performance at a single glance with configurable dashboards that provide immediate visibility into the insurer’s summary of operations, investment income, premiums and balance sheet.

“As insurers look to compete efficiently, the ability to reuse financial data for strategic planning has become a top priority. Leading carriers are ratcheting up business intelligence investments to provide senior leaders with actionable analytics using intuitive dashboards. In reviewing SunGard’s EAS BI dashboards, we saw a quality solution that works regardless of the data source.”  CEB TowerGroup research director Sam Stuckal

“Insurance executives are being asked to accomplish more in shorter periods of time, and they can no longer wait for reports to be cobbled together from various spreadsheets. They need immediate access to information that is accurate and up to date. SunGard’s EAS BI dashboards give executives the ability to focus on interpreting the insights rather than gathering and verifying all of the information. This is especially true as they continue to expand the volume, sources and types of data used in their decision-making processes.” – John Vercellino, vice president, product management, SunGard’s insurance business

The release of the EAS BI dashboards is part of SunGard’s initiative to provide insurers with tools that help transform raw financial data into actionable insights and timely analysis. SunGard has already released investments BI dashboards to help chief financial and investment officers drive better business decisions by monitoring and analyzing investment performance, risk, accounting and compliance.

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