A global insurer wanted to produce regulatory reports in-house instead of outsourcing to consultants. We were also asked to streamline all the client’s finance and accounting practices. Since the client operated in different geographies, a single team had to own all internal and external reporting and develop a standard accounting system for the entire organization. THE OBJECTIVES The client wanted to modify financial closing and accounting work by moving accounting records from Excel spreadsheets to the SunGard ERP platform, along with balance sheet reconciliations. We designed the closing calendar, defining timelines and assigning ownership to different stakeholders to clarify upstream and downstream processes and to share the accounting logic being applied. To achieve those object

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