Financial Analytical Tool
Manual reports and analytics are prone to errors and end up providing fragmented information that does not benefit the corporate decision-making process. You need the ability to collate information from different and relevant data sources, to deliver quicker insights, in concurrence with the board room and authority’s reporting requirements. Insurers can leverage information from data-driven intelligent financial reporting to save on time, meet compliance and satisfy the executive dashboard reporting needs.
Beyontec Financial Analytical Accelerator helps insurance companies convert their financial data into highly configurable and actionable reports as required by the regulators and board room.
Configurable Dynamic Reporting
Configure once and re-use financial reports for different audiences using the highly configurable feature of the tool.
Drill Down Reporting
Make use of formula and equation functions to generate simple linear reports to cross tab reports for detailed drill down of the financial performance.
Customise reports as required by the board room and stakeholders with data and graphical representations.
Financial and Operational Reporting
Organise the reports by groups or by business, to report the performance of a single business unit or the company.
Run comparative analysis of the current year and previous year values for gaining a deeper insight into financial data and performance.
Multiple Output Formats
Export reports to desirable formats such as PDF or Excel formats that can be easily shared with recipients, with password protection security feature enabled.
Comply with standard regulatory reporting needs or specific ones as per the rules and timelines instituted, to avoid non-compliance.
The in-built highly configurable feature of the tool allows insurance companies to design and develop complex reporting with cross-references and formula calculations that deliver top-of-the-line financial analysis.
Summary and Detailed Reporting
The analytical tool will assist insurance companies prepare periodic review reports and reflect the business performance in accordance with the financial market indicators, including highlighting the data gaps related to any specific indicator.