Delivering a Market Analysis on General Ledger solutions for a US-based (Re)insurer
What was the challenge?
Our client had a General Ledger solution that wasn’t sufficient to meet their market needs and maximise efficiency and reporting. The way their business was evolving and growing couldn’t be supported by their current technology, which needed to be advanced to meet their business needs.
How did we help?
Alchemy London Market (ALM) started by gathering requirements from our client, which supported our market analysis and included different vendors offering General Ledger technology solutions. From this, we arranged various demos to see an overview of General Ledger systems and evaluate whether their offering fit our client’s criteria.
Our research covered:
- Integration
- System functionality
- Roadmaps
- Reporting
- Support and Maintenance
From this, ALM presented a recommended short list of preferred General Ledger solutions to enable our client to decide and move forward quickly.
The Outcome
ALM facilitated an introductory meeting with the client and the Top 2 General Ledger technology solution vendors. Our client was able to review the full offerings and analysis and understand if the solutions were fit for purpose. The Market Analysis provided gave our client the necessary information to decide if this was a technology solution they could partner with and implement, without the need to conduct their own review and analysis of many systems.
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