Our Finance and Accounting (F&A) services support insurers in accounting for every transaction, managing everything from technical accounting to reporting, and ensuring complete transparency and auditability, along with financial, management and statutory reporting.
Xceedance delivers a wide gamut of F&A services – treasury services, including cash management and AP/AR, SOX compliance and internal audits, expense planning and analysis, financial and regulatory reporting, and financial planning and analysis. Combined with our insurance expertise and our knowledge of technology, our F&A services will improve your financial operations, providing downstream benefits to the rest of the organization.
Our technical accounting team helps insurers manage earnings and expenses to determine net revenue in compliance with reporting and regulatory guidelines, such as GAAP and others. We also provide support for accounting of financial strength in operating jurisdictions, including claims reserves, capital adequacy and combined ratios. Our F&A experts are proficient in invoicing, tracking payments received and due, journaling transactions, collections, cash flow, write-offs, managing credit arrangement, and providing consultative advice on financial controls. The compliance capabilities of Xceedance extend from SOX compliance to internal audit, from risk assessment to documentation, and from SLA compliance to ORSA and PCI audits.
The Xceedance F&A team consists of trained and certified insurance professionals with a strong understanding of financials in ERP systems and proven experience of working with regulatory bodies across regions. Owing to our track record of 100 percent accuracy, we work with insurance organizations to eliminate compliance penalties, while ensuring timely delivery of reports and accounts.
We are global. So, you can have the advantage of getting the services you need, where you need them.
Our Offerings
Transaction Processing
Accelerate employee expense reimbursement, supplier or vendor payments, statutory payments, and claims and re-issuance payments.
General Ledger Accounting
Manage prepaid, amortization and expense accrual, inter-company and investment accounting, and fixed assets and depreciation accounting.
Statutory, SOX, and Internal Audits
Bolster GST, FBT, VAT, and corporate tax reporting, regulatory reporting, controls rationalization and optimization, risk-based audit planning, SOX audit scoping and planning, and deficiency remediation.
Reconciliation, Control and Assurance
Streamline gross and net premium reconciliation, bank reconciliation, balance sheet reconciliation, and generate accurate aging reports.
Business Insights and Cash Management
Prepare quarterly or monthly KPI dashboards, augment budgeting, forecasting and spend analysis and cash flow review and finalization, and build error-free financial statements.
Related Resources
