Neostats empowered a leading Nigerian insurance firm to enhance their IFRS17 reporting accuracy and efficiency through advanced automation solutions.
Timeliness
Efficiency
Accuracy
Situation
- Current Process: Manual development of 81 IFRS17 reports
- Teams Involved: Multiple people and teams
- Challenges: Time-consuming, labor-intensive, error-prone
Challenges
- Complex coordination among multiple teams
- Manual interventions to generate reports
- Delays in report generation can lead to regulatory repercussions
Solution
Automated the entire IFRS17 reporting process, from data extraction to report generation, SharePoint upload, and end-user email notifications
