Capco, the global management and technology consultancy, and Aptitude Software, the London-based provider of financial management software, have announced a new partnership to deliver the benefits of Aptitude’s IFRS 17 Comply solution and the Aptitude Accounting Hub (AAH), a data-centric finance management solution for insurers.
Aptitude IFRS 17 Comply is a simplified, pre-configured solution designed for insurers that are looking for a faster, more standardized path to IFRS 17 compliance while also laying the foundation for future transformation projects. IFRS 17 Comply can be deployed as SaaS or on-premise.
The Aptitude Accounting Hub is an industry leading accounting engine and subledger solution used by major banks and insurers to modernize and simplify their finance departments by delivering centralized and fully automated finance, accounting, and reporting. AAH supports smart compliance, financial control, business agility, and operational efficiency. It creates a single, trusted version of finance data that can be used to improve analytics and forecasting. AAH can be deployed via SaaS, private cloud, or on-premise models.
Matt Hutchins, Partner and Insurance Lead at Capco, said: “Insurers face a range of pressures within their finance departments around control failures, data quality, total cost of ownership and ageing legacy finance and actuarial systems. Aptitude’s solutions help insurers to implement their automation, transformation and cloud implementation programmes. This allows them to reduce costs, automate manual processes and improve reporting timeframes, while also speeding time to market for new products. Combining Aptitude’s solutions with Capco’s expertise around solution architecture, digital, data, finance transformation, and agile ways of working will offer our clients a highly competitive proposition.”
Matthew Edwards, VP Strategic Alliances at Aptitude Software, said: “Securing the right delivery expertise is crucial for successful project implementations. We only partner with organizations we trust to maintain and prioritize our clients’ success. Capco has the expertise, experience, and deep sector knowledge that complements our product suite and our client-first culture. We are excited to work with Capco and look forward to realizing the potential of this partnership in bringing the benefits of our solution to a wider client base.”