Barbican Insurance, a specialist insurance and reinsurance group trading within the Lloyd’s insurance market, has implemented Infor FMS SunSystems in four weeks in its newly established managing agency. In a popular move last October, Infor, a mid-market specialist announced its strategy to focus on Microsoft (see earlier FSN coverage) as its preferred platform for all of its product development going forward.
The creation of a new managing agency within Barbican Insurance Group highlighted the need for a robust system to support financial processes. Barbican’s development plans meant the solution had to be highly scalable and support both current and future requirements.
The deep domain functionality and multi-currency capabilities inherent within FMS SunSystems mean that Barbican can close its books in a matter of days, driving significant efficiency and productivity benefits. FMS SunSystems was selected based on its proven support, demonstrated within Barbican’s previous outsourced managing agency, plus the quality, integrity and credibility of Infor’s consultants over competitive solutions.
“Business and regulatory demands are becoming increasingly complex, therefore having a reliable system to support financial management is integral,” comments David Rowling, IT director, Barbican Insurance Group. “As we continue to move towards our objective to increase our capacity, SunSystems’ scalability and robustness means that we have absolute confidence that it will support both our current and future needs as they evolve.”
“There’s little doubt that finance departments are facing a combination of increased demands from the business and squeezed resources to respond to these challenges,” comments Jon Casey, UK sales director for financial solutions, Infor. “FMS SunSystems frees up valuable time which would otherwise be spent keying in data, enabling finance personnel to focus on responding to challenges and ultimately managing the business.”
