SOCIETE GENERALE INSURANCE
"We chose Axway Accounting Integration Suite because of its proven track record. We chose quality, reliability and security. Those were our main considerations."
reduction in workload
agility with posting rules much easier to modify
audit trails implemented
Case study details
Société Générale Insurance Russia, part of the Société Générale Group, specializes in “bancassurance” in the Russian market, selling life insurance, property and casualty insurance to retail customers of the three Société Générale banks in Russia: Rosbank, Rusfinance Bank and Delta Credit Mortgage Bank. With one million clients, Société Générale Insurance Russia is a profitable subsidiary of a large French company.
Automate and secure the company’s monthly accounting closing process to replace a manual system that was laborintensive and subject to operational risks and had a burdensome audit trail. Implement a new chart of accounts mandated by the Russian Central Bank.
• 80% reduction in workload for monthly accounting closings through automating and optimizing business processes
• Comprehensive audit trails implemented with a direct link between business systems and the accounting system
• Greater agility with posting rules easier to modify, and the ability to implement a new chart of accounts
• Ability to manage multiple ledgers including international and Russian standards