Automating critical back-office functions is essential to streamline processes, prevent revenue loss, reduce costs, comply with regulatory requirements, and manage disputes with clients and partners.
The insurance sector is currently encountering a surge in transaction volumes and data quality issues, as well as the need to comply with new regulatory standards like IFRS17, this calls for significant changes in systems, processes, and data management practices.
SmartStream works with leading insurance companies to implement its AI-enabled solutions to support data-driven organisations. Our suite of solutions manages and reconciles large amounts of data found in payments and reimbursements, claims, policyholder and investment transactions. With the latest technology firms can now match and reconcile any data received from an external partner, in any format, and in a matter of minutes. By utilising SmartStream’s solutions, you can achieve greater efficiency, accuracy and compliance.