Saving time at the month-end close with daily, automated processes

Sagicor Life

Clearwater’s automated daily reconciliation reduces Sagicor’s manual processes, eliminating 10 days from their month-end close.

• Headquarters Tampa, Florida
• Assets Under Management $3.5B
• Website https//www.sagicor.com/en-us

Clearwater’s automated daily reconciliation reduces Sagicor’s manual processes, eliminating 10 days from their month-end close.

• $3.5 billion in AUM
• 1 integrated system for investment accounting & reporting
• 10 days saved from month-end close

Challenges

• Struggled to provide timely reconciled data and automated reports
• Error prone manual processes slowed the month-end close process
• Needed in-depth portfolio visibility

Results

• Daily automated reconciliation for faster month-end close
• Timely data aggregation and consolidation for improved portfolio analysis
• Customized reporting for both in-depth and high-level portfolio views

“Our prior manual processes were time-consuming and cumbersome. We can now focus on analyzing our portfolio at a higher level and in a timely manner.”

Shaun Williams, CFO, Sagicor Life Insurance Company