How can you ensure that reporting as an effective tool enables accelerated growth while upholding regulatory compliance? Our effective enterprise information management system driven by new ideas ensured this by bridging the gap between an organization’s strategic aspirations and reporting capabilities. Using our future-focused system, we delivered significant business value—enabling the client to make informed decisions from a strategic, operational, and financial perspective.
A leading insurance firm, the client offers insurance and reinsurance products to commercial enterprises. With a steady growth over the last 30 years, they were committed to maintaining their position as an industry leader.
The client’s existing systems and practices were under immense pressure due to increased regulatory demands, which hampered their ability to grow seamlessly and respond efficiently to business requirements. Their IT environment was such that data was distributed across various platforms and technologies. This made it difficult and expensive to manage the growing complexity, number, and frequency of reporting requests. It was time-consuming to support and maintain these requests due to inconsistency in data and fragmentation throughout the organization.
The client sought an enterprise-wide data warehouse to remove inefficiencies caused by increased reporting requirements. We were chosen as preferred partners for this engagement, given our global capabilities and deep expertise in robust, accessible reporting with tight data governance and flexible analytical capability.
Through a series of requirement elaboration workshops, we defined reporting challenges and functional needs in the context of the client’s overall strategic direction. Next, an implementation plan steered the first phase from design to development.
TWe recommended a single, accessible, and transparent reporting environment to deliver fast and accurate reports with the scalability and flexibility to meet the future needs. Our solution consolidated data from various source systems through the data transformation process.
In the second phase, we delivered a full strategic reporting system—Acumen, a data warehouse system—to reduce redundancies, overlaps, and efforts. Acumen also supported specific requirements of the client such as producing proforma regulatory reporting.
We architected the solution around the key principles of an enterprise solution. The client’s reporting environment was rationalized by our domain and technical experts to extend the solution to a full enterprise-wide data warehouse. It included a tailored reporting layer that extracted data from Acumen and delivered it in the format required by the user
The extended utilization of Acumen insurance data warehouse delivered the following business benefits to the client:
Our enterprise-wide data warehousing capabilities enabled the client to create powerful, automated, and strategic reports—generating error-free data— in real-time.