Transforming Accounts Receivable Management for a Global Specialty Reinsurer

Xceedance helped a U.S.-based global specialty insurer streamline and scale their accounts receivable operations, driving significant improvements in financial control and operational efficiency. With their credit control functions not integrated with the policy administration system, the insurer faced challenges like manual operations, data errors, and inefficient cash application processes. By implementing a seamless integration with the policy admin platform, Xceedance automated invoicing, cash application, and reporting functions, reducing manual effort and accelerating the financial close cycle. This transformation not only enhanced data accuracy but also empowered the insurer to focus on higher-value activities and scale their operations to support future growth.

Proven Results:

• 30% increase in operational efficiency by automating invoicing and cash application.
• 100% data accuracy with automated policy feed integration for reliable financial reporting.
• Agile, precise accounts receivable processes capable of handling high transaction volumes.