SUCCESS STORY:
Adjustments to Accounting Balances in Insurance Premiums

Client

  • Leading insurance company.

Needs

  • • Challenges in financial reconciliation due to residual balances.
  • • Highly limited accounting tool in terms of functionality.
  • • Significant delays in closing monthly financial statements.

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Solution

  • Analysis of the logic originally written in Cobol.
  • Migration of routines to SQL DB2 Stored Procedures.

Key Technologies

  • SQL
  • IBM

Impact and Benefits

  • Significant reduction in balance adjustment time.
  • Elimination of bottlenecks by enabling multiple simultaneous users.
  • Greater efficiency in policy reconciliation across all branches.