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Insurance

Embracing Evolution in the Insurance Industry. Streamline Financial Operations and Ensure Compliance with Cloud-Based Solutions.

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Adapt to Dynamic Environments with Cloud-based Solutions for the Insurance Industry

The insurance industry has significantly changed in the past decade due to globalisation, regulatory changes, and financial turbulence. Allocating revenue and profit by state and product lines is crucial for planning and reporting company finances.

Insurance companies often rely on outdated systems and manual processes, which can be inefficient, prone to errors, and time-consuming. Moreover, insurance companies face the challenge of complying with complex accounting and reporting standards such as the International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP).

Insurance companies require a planning system that is collaborative, comprehensive, and continuous to effectively support their operations. A powerful solution makes it easy for insurance organisations of all sizes to collaborate, gain visibility into real-time analytics, and streamline complex reporting so they can plan and adapt without compromise. Automation solutions help streamline financial close processes, reducing the need for manual interventions and improving operational efficiency.

Featured Customers

Undertaking digital transformation is a complex yet essential process for businesses operating in the digital age. 

Here are some of our customers who have chosen Shearwater Asia to implement cloud-based ERP and EPM system. 

Overview of Our Solutions for Insurance Industry

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Shearwater Asia | Finance and IT Digital Transformation Consultancy

Shearwater Asia is a leading one-stop finance and IT digital transformation consultancy in Asia with over 14 years of experience implementing financial automation projects and other cloud solutions that help businesses automate workflows. We are the FY23 Solution Provider of the Year Award – Rising Star of Workday partners with one of the region’s biggest teams of cloud consultants. Shearwater Asia offers a suite of cloud solutions that entail a cloud Enterprise Resource Planning (ERP), Enterprise Performance Management (EPM), account reconciliation and the financial close process automation, inter-company financial consolidation, stack integration and workflow automation platform.

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