How Liberty Mutual took advantage of Microsoft Dynamics's capabilities
Easily integrated solution with the ability to automate processes, single-solution consolidation, multi-currency translation capabilities and more.
Investment & Asset Management arm of Liberty Mutual with 250+ Legal Entities and $83B AUM.
Challenges
- Slow and inaccurate consolidation of multiple sets of books from 300+ legal entities—no global insight into operations
- Complex front office integration and regulatory compliance requirements
- Management of multi-currency, multi-level consolidations (provided separate consolidation views for reporting)
Solutions
- Easily integrated solution with the ability to automate processes
- Single-solution consolidation
- Multi-currency translation capabilities
- Ability to slice and dice charts of accounts with practically unlimited segments
Results
- Quarterly reporting automated, from 12 days down to 20 minutes with nearperfect accuracy
- Ability to meet or exceed very aggressive period close deadlines
- CFO has real-time access into operational results to identify issues quickly and recommend immediate corrective action