Industry experience
Financial services
Financial Accounting Process Review
- Client
- A Major Insurer
- Sector
- Financial services
Project description
The Financial Accounting function of the Property Services Division of a major UK composite insurer anticipated major system and process change twelve months hence. However, there was a view that interim process improvement were achievable and would be beneficial.
ItemPlus Consulting were asked to undertake a short review of the Sales, Purchase and General Ledger functions, Credit Control processes and Financial Services Administration.
This involved:
Outline Process Flows
The outline process flows and methods were researched and documented at a high level.
Improvements
These process flows and supporting documentation were then critically examined to identify opportunities for improvement.
A series of proposals for improvements to process and organisation were then developed, documented and presented to the project sponsor and other managers.
