FHM Insurance Co. (FHM) has selected SunGard’s iWorks Enterprise Accounting System (EAS) and iWorks Investments solutions in an attempt to increase operational efficiencies by consolidating financial and investment accounting onto a single platform. FHM is a mutual insurance company licensed in seven states throughout the Southeast region of the United States.
SunGard says that, as FHM diversifies its business through regional expansion, iWorks will help the company gain the efficiency and scalability needed to grow. As a user of the iWorks Statutory quarterly and annual statement solution, FHM will integrate the system with iWorks EAS and iWorks Investments, giving it the ability to transform financial data into actionable insights, improve efficiency and streamline workflows.
“We needed to get our operations streamlined and more efficient as soon as possible in order to support increased business growth and complexity,” says Heather McCoy, VP of finance, FHM Insurance Co. “SunGard’s insurance solutions automatically generate the information required for statements, audits and financials, based on information entered the first time, which will help us significantly increase efficiency and reduce risk.”
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