Barbican Insurance Implements Infor FMS SunSystems in Four Weeks

Farnborough, UK - 30 March 2011

Infor, a leading provider of business application software serving over 70,000 customers, today announced that Barbican Insurance, a specialist insurance and reinsurance group trading within the Lloyd’s insurance market, implemented Infor FMS SunSystems in four weeks. The new solution will manage finance processes within its newly established managing agency. It will support Barbican’s future growth plans, allowing it to close its books more quickly and accurately, whilst providing real time reporting across its global operations.

News:

• Creation of new managing agency within Barbican Insurance Group highlighted a need for a robust system to support financial processes.

• Barbican’s development plans meant the solution had to be highly scalable and support both current and future requirements.
• The solution went live following a four week implementation.

• The deep domain functionality and multi-currency capabilities inherent within FMS SunSystems mean that Barbican can close its books in a matter of days, driving significant efficiency and productivity benefits.

• The reliability and robustness of FMS SunSystems will enable the finance team to focus on running the business while the system processes financial data and documents.

• FMS SunSystems was selected based on its proven support, demonstrated within Barbican’s previous outsourced managing agency.

• Barbican cites the quality, integrity and credibility of Infor’s consultants as a key differentiator over competitive solutions.

Barbican Insurance Group Says:

“Business and regulatory demands are becoming increasingly complex, therefore having a reliable system to support financial management is integral,” comments David Rowling, IT director, Barbican Insurance Group. “As we continue to move towards our objective to increase our capacity, SunSystems’ scalability and robustness means that we have absolute confidence that it will support both our current and future needs as they evolve.”

Infor Comments:

“There’s little doubt that finance departments are facing a combination of increased demands from the business and squeezed resources to respond to these challenges,” comments Jon Casey, UK sales director for financial solutions, Infor. “FMS SunSystems frees up valuable time which would otherwise be spent keying in data, enabling finance personnel to focus on responding to challenges and ultimately managing the business.”

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