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The full plate of Z Insurance CFO The latest acquisition by International ABC Bank has brought Jessica even more work. As Z Insurance CFO, she was overseeing Businesses of General Insurance, Life Insurance and Re-Insurance across 5 different countries. In her daily life, she was constantly dealing with the following operational goals: · To keep up with new regulations and become compliant with IFRS17 standards by end of this year · To target financial close bottlenecks in monthly and annual financial close · To provide businesses with better insights, which required improvements in financial models – they just could not become stale. In addition, Jessica was asked by the CEO Group to prepare for an ambitious expansion into 12 additional countries, to be completed in the next 5 years. This obviously has created additional challenges as the existing programs were already taking 90% of her team’s time. Having to work…

This post has been developed thanks to the latest AptConnect21 keynote session. Lucinda Faucher, Head of Product at Aptitude Software together with her team of Product Owners created an illustrative role–play, where typically boring finance products presentation got enriched with hypothetical, yet close to real-life, situations that many finance professionals can relate to.

The only case study you’ll probably ever need + the value of integrated finance solutions

“Better, faster, smarter: what’s next for post-insurers compliance”

4th November was the day!   On this date, the entire FIIT Consulting was present at Apt Connect21.   The organizers have reported roughly 400 attendants but in case you didn’t make it – we have something for you!   Our upcoming post series will be focused on highlights from that event.  The opening session gathered superb digital transformation leaders:   James Clatworthy, IFRS 17 Data & Systems Lead, Aviva Group Plc  Nancy Moore, Senior Finance Leader OneAmerica  Kristina Reid, Partner – Performance Improvement, EY  Julie Girard, Head of Product Innovation and Strategy, Aptitude Software  The discussion was moderated by Christophe Kasolowsky, EVP, Product Innovation and Strategy     Challenges of CFO office and finance function  Today, finance is dealing with achieving profitable growth and how to provide business leaders data to accomplish it. What are the best distribution channels? Can we have more visibility on how we’re making money? These are typical questions Nancy…

ETL is a data transforming concept that comes from words: extract, transform, load. In general, it’s a “procedure of copying data from one or more sources into a destination system which represents the data differently from the source(s) or in a different context than the source(s)”. Since its introduction in the 1970’s, ETL is still a powerful tool to consolidate your data to understand them better and make more informed decisions.

The growing wave of financial transformation together with increasing regulatory demands are forcing financial institutions to increase their projects’ efforts. Usually, it goes along with a need to recruit highly-skilled employees – if that’s already not a permanent goal these days.  In the world of Aptitude Software implementation, it is no different. Having an excellent Aptitude consultant on board is a must-have when you’re planning to start or grow your Aptitude Software implementation project. 

As a global financial software specialist, Aptitude Software equips CFOs and Finance IT of the world’s largest organisations with competitive advantages by streamlining and automating financial accounting processes and enabling faster actionable insights.   Their software is amongst the top names in the industry, and has become even more widely recognized, thanks to its IFRS17 quick, out of the box implementation. Apart from that, Aptitude is offering a range of products to control and automate complex accounting processes. This enables customers to free up time from traditional accounting roles and inject rich data & insights into their businesses.