A global insurer was facing challenges with its local finance and accounting outsourcing partner. The service offering through the consultant was proving to be expensive and the work was being done on local accounting tools, which created additional challenges in consolidation of international accounts and reports. THE OBJECTIVES The client expected to reduce costs and manage risks, as well as to drive business and revenue growth. The need was to streamline the processes and to create best practices across the F&A function, including owning the general ledger accounting as well as providing an end-to-end reporting application covering both internal and external reporting. To achieve those objectives, Xceedance built an internal team comprising qualified accountants and subject- matter

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