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Finance Case Studies Adopt Cloud ERP to Achieve Faster Financial Close and Improve Risk Management by Shane Hill Jun 11, 2021 | 6 min

Company: QBE Insurance

Executive Role: Sushma Segal – Group Finance COO

Technology Initiative: Adopt Cloud ERP to Achieve Faster Financial Close and Improve Risk Management

Approach: 

  1. Adopt scenario planning to evaluate risk more holistically across the organisation
  2. Pivot from a traditional data consumption role into an analysis and insights production function
  3. Focus on skills for the future of now to price externalities and improve forward planning
  4. Simplify and augment processes with the right technologies to pivot towards more ad-hoc work

Challenges:

  1. External pressure to price climate risks is accelerating
  2. Resourcing constraints…

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