Insurers Sign Ledger and AP Solutions Contracts

Three insurance organizations, NLC Insurance Cos., Norwich, Conn., Mountain States Mutual Casualty Co., Albuquerque, N.M., and Norcal Mutual Insurance Co., San Francisco, signed contracts for PRO Financial general ledger and accounts payable solutions from Brookfield, Wis.-based Fiserv Inc. PRO Financial solutions are designed to support financial analysis in addition to streamlining the regulatory reporting processes that are unique to the insurance industry. Complex consolidations and allocations are automated, and the systems offer multicurrency conversions and accounting for global commerce. Each of the three insurers purchased additional integrated financial solutions from Fiserv to address its annual statement reporting, automated disbursements and/or compliance reporting.