A leading global reinsurance company was nearing the end of their Aptitude Accounting Hub (AAH) implementation project. They required a partner who could transition smoothly from project completion to operational excellence, providing ongoing support and developing their evolving needs.
The FIIT Consulting Solution
FIIT Consulting presented a unique proposition: a dedicated team that would embed itself into the client’s finance IT team, supporting the existing platform and driving continuous improvements. Over 2.5 years, our team has become a seamless extension of their operations, handling business interactions with the same commitment and expertise as the client’s own employees.
“What sets FIIT Consulting apart is their commitment to embedding themselves into our existing team, with strong engagement from Senior Management, and their drive for continuous improvement,” said the Head of Finance IT. “Their team doesn’t just maintain our systems, they evolve them.”
Evolving the Client’s Platform
Our team did not just maintain the status quo; we drove significant operational enhancements. These included:
- Automated Journal Replication: We automated the replication of journals from the primary ledger to all secondary ledgers. This innovation simplified and accelerated the client’s finance processes, increasing efficiency and reducing room for error.
- Integration Layer Development: We developed new integration layers, replacing existing manual processes with automated feeds for the Property & Casualty (P&C) business. This reduced manual workload and improved data accuracy and speed.
- Intra-Group Retrocession Process Automation: For both Life & Health (L&H) and P&C, we created automated feeds for the intra-group retrocession process. This removed an additional manual workflow at a critical time during the quarterly close, increasing productivity and reducing processing time.
- Rollout of New Entities, Product Lines, and Business Lines: As the client’s business evolved, we facilitated the rollout of new entities, product lines, and lines of business, ensuring the platform could adapt and grow with their needs.
- AAH Platform Upgrade: Our team successfully undertook a major upgrade of the AAH platform, ensuring the client benefited from the latest features and improvements.
- GL Transition and CoA Migration: We smoothly transitioned from one tier 1 General Ledger (GL) to another on the live system, including migrating to a new Chart of Accounts. This complex operation was achieved without any interruption to the client’s business activities, demonstrating our team’s expertise and careful planning.
“Our goal at FIIT Consulting is not just to provide support, but to drive our clients’ business forward,” said Olivier Homps, CEO of FIIT Consulting and engagement lead on the project. “This is precisely what we achieved with this client. We didn’t just maintain their platform, we evolved it, and will continue to do so as their business grows and changes.”
The FIIT Consulting Impact
FIIT Consulting’s dedicated approach resulted in a seamless transition from project to operations. Our team enhanced operational efficiency through significant developments and automation, adapting to the evolving needs of the client’s business. As a result, the client enjoyed uninterrupted business activities, improved finance processes, and an overall elevated level of operational efficiency. Our work demonstrates that with FIIT Consulting, you are not just getting a support team, you are gaining a partner dedicated to driving your business forward.
What sets FIIT Consulting apart is their commitment to embedding themselves into our existing team, with strong engagement from Senior Management, and their drive for continuous improvement,” said the Head of Finance IT. “Their team doesn’t just maintain our systems, they evolve them.
The FIIT Consulting Solution
FIIT Consulting presented a unique proposition: a dedicated team that would embed itself into the client’s finance IT team, supporting the existing platform and driving continuous improvements. Over 2.5 years, our team has become a seamless extension of their operations, handling business interactions with the same commitment and expertise as the client’s own employees.
