ACE European Group upgrade to Corona 7
December 01, 2005
SmartStream Technologies, the market leading provider of Transaction Lifecycle Management solutions, today announced that ACE European Group, one of Europe’s leading providers of Property and Casualty, Accident and Health and Personal Lines insurance, has selected Corona 7.
ACE will use Corona Reconciliations and Investigations across their European operations. Transaction processing will be managed by their operations in Maidstone whilst Finance management will have access to Corona Investigations for inquiry purposes in Maidstone and London.
Explaining the decision to upgrade Luc Goovaerts, Financial Systems & Reporting Manager, ACE, said “We have been a long standing SmartStream client, successfully using Corona to automate our Cash reconciliations. In upgrading to 7 we will take advantage of Corona Investigations – as we believe it will not only help us manage our transaction breaks more effectively, it will provide better information for audit and control purposes.”
Commenting on the announcement, Richard Cummings, UK Sales Director stated, “We’re delighted that ACE have selected Corona 7 as their reconciliations platform of choice – it’s a testament not only to the relationship our two companies have enjoyed over the last few years, but to the proven quality and strength of Corona 7”