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publication later than competitors
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complex fence dependent on operational services
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strong attention to detail
Background
As an independent subsidiary of a major insurance group, our client offers its partners affinity insurance, particularly automobile insurance. In order to meet the Group's financial reporting requirements, our customer wanted to reduce the time needed to close its annual accounts.
Challenge
The ambition set by the Group was to implement concrete actions to reduce the date of publication of the financial statements by at least 2 months compared with previous years.
Approach
To implement this project, Keyrus Management supported the Group in a number of areas: - Definition of the scope of the project, and understanding of the businesses, players and interactions involved - Analysis of existing processes to identify causes of delays, propose actions (simplification, automation, flow reorganization) and quantify impacts - Formalization of target processes based on actions validated by management and the IT Department - Support for change management: communication, preparation of training materials, assistance for teams affected by the change. - Monitoring acceleration from closing to closing and celebrating achievements
Key results
Benefits
This project enabled us to respond to market imperatives and better integrate the Group's strategy. It also enabled the subsidiary to better involve the various functions involved in the closing process, and to make the process more fluid and collaborative.
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