Finance & Accounting

Modernizing insurance finance and accounting (F&A) workflows with technology-driven operations support

  • Comprehensive finance and accounting services tailored to the needs of insurers, reinsurers, MGAs, brokers, and TPAs
  • Extensive domain expertise, having partnered with major insurance clients worldwide
  • Digital-first operations, ensuring seamless integration of cutting-edge F&A platforms and emerging technologies
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The Xceedance Advantage

Our finance and accounting services enable insurance organizations worldwide to streamline operations and make informed strategic decisions. With a focus on real-time insights, enhanced governance, compliance, cost-efficiency, and data security, we deliver:

  • Geo-specific full-service offerings, ranging from transactional support to regulatory compliance and financial statement preparation, including budgeting and analytics
  • A seasoned team with deep knowledge of major ERP and accounting systems, equipped to serve clients globally
  • Finance consulting services, encompassing end-to-end process setup and finance transformation journey frameworks
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Finance and Accounting Solutions

ACCOUNTING & REPORTING

Efficient Accounting and Reporting Solutions
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Transaction
Processing

Handling payments, including supplier/vendor payments, statutory payments, claims and re-issuance payments, collateral management, TPA management, and the treasury function

reconciliation

Reconciliation, Control, and Assurance

Conducting bank, P&L, and balance sheet reconciliations, booking end-of-the-month journal entries, and generating accounts receivable and payable aging reports

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General Ledger Accounting

Managing expense allocation, accruals, ledger closing in compliance with GAAP, STAT, and IFRS, group consolidation, cash flow statements, and inter-company adjustments

Your Partner in IFRS 17 Implementation

Navigating the complexities of IFRS 17 is crucial for maintaining accurate financial reporting and regulatory compliance. Our IFRS 17 implementation support is designed to enable organizations to streamline this transition efficiently and effectively.

  • Data & Process Integrity: Streamline reporting of critical accounting data with a robust core data architecture
  • Global & Local Expertise: Seamless parallel reporting for both local GAAP and IFRS 17 frameworks across A&NZ, Middle East, and Asia
  • IFRS 17 Model Selection Support: Select the suitable IFRS 17 model for your business through comparative cost/benefit analyses
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CLIENT PERSPECTIVE
Xceedance finance & accounting services

“We have now built a very strong relationship with the Xceedance team and they have developed an understanding of some very specific and nuanced reporting requirements. We can now bring back in-house a lot of the work that is currently being undertaken by the existing service provider.”

Chief Financial Officer
International insurer
CLIENT PERSPECTIVE
Xceedance finance & accounting services

“With expert help from Xceedance, we implemented an invoicing system that meets our needs today and into the future. The Xceedance credit control team continues to exceed the expectations of our organization. You’ve been exceeding expectations for the whole group! Thank you again.”

Vice President, Finance
North American operations for a global carrier
Chief Financial Officer
International insurer
Vice President, Finance
North American operations for a global carrier

Insurtech Insights

Our latest thinking and case studies

Cash Reconciliation Platform

Xceedance Cash Reconciliation Platform: A Digital-First Solution to Streamline Insurance Operations