The insurance market is extremely volatile and competitive. Insurers face immense pressure from rising costs, falling premium rates, and a plethora of new low-cost Web operators aggressively competing for space. Adding to the challenge, the industry faces ever-growing regulatory mandates and legislation from organizations

Improve visibility into enterprise financial data Improve the entire claims management process and customer experience Reduce the time and cost of processing claims Enable and standardize IT costing processes Standardize activity-based costing (ABC) methodologies Compare financial data among business units in the group and across national boundaries using different currencies Make sophisticated analytics and powerful reporting tools available to nontechnical users

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