Finance and Administration Services for the Insurance Industry

The majority of insurers know what it takes to become an optimized finance organization. In practice, however, the heavy load of time-consuming routine tasks often prevents them from reaching this goal.

Accenture partners with insurers to redefine their finance operations by bringing global capabilities, industry expertise, operational excellence, relentless focus on continuous improvement and accountability for results. We help them develop and maintain a service-oriented culture that strives to generate business value, coupled with a strong capacity for strategic analysis.

Accenture's finance business process outsourcing service provides the finance function with an almost immediate improvement in the performance of transaction-processing tasks, by virtue of our best-in-class tools, our experienced specialists, and our global network of delivery centers. What is more, we free up the time and management attention that is more productively focused on adding value to the business.

Accenture has, for more than 30 years, helped insurers achieve and sustain high performance. All of the 10 largest insurers in the US draw on our expertise and advice, as do 17 of the top 20 insurers worldwide.

We provide a clear path for our clients to achieve high performance in finance operations, by delivering measurable improvements that include:

• Streamlined financial operations.
   
• A value-upside potential that outweighs cost reductions.
   
• Transformational business results with less risk and requiring less capital.
   
• A variable pricing model.
   
• Full implementation in less than one year.
   
• Substantial and sustained operating cost savings.
   

We offer our clients a robust global delivery capability through our network of delivery centers. Our experienced staff of more than 6,000 finance and accounting professionals provide services in 120 countries and in 37 different languages.

We offer a full suite of finance and administration BPO services focused on the whole finance value chain:

• Core services—procure to pay, order to cash, assets acquire to retire, finance administration, processing, record to report, finance systems, support infrastructure, finance management and control.
   
• Value-added services—compliance and profit recovery management, income statement, cash flow and balance sheet optimization, business analytics and performance management.
   
• Retained finance services—finance strategy and organization design, finance skills and competency, finance change management.