Even in the regulation-and process-bound insurance industry, the acts of budgeting, planning and reporting are not synonymous with ease of use.
For managing their budgeting, forecasting and reporting, many companies are still using spreadsheets — essentially the same tools used two decades ago. However, many insurers now employ new technologies and strategies that are enabling them to accomplish these vital functions with as little tedium as possible. What’s more, these solutions are permitting insurers to execute these tasks with greater speed, transparency and accuracy than in times past.
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