As Deutsche Bank launches its new platform in conjunction with Xchanging, Dan Ferguson, treasury manager at RSA, talks to Intelligent Insurer about why the insurer wanted to pilot the new system.
Why did RSA want to do a Netsett pilot?
Netsett came along at the right time to help us solve a series of challenges we had with moving cash around the Group, including settlement of premiums and claims from our global network, processing internal treaties and the recharging of expenses.
When we looked at the processes, there was a lack of consistency, particularly around cash management and foreign exchange (FX) along with problems such as too many manual processes, too much paper and too many hand-offs across different teams.
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Xchanging, Dan Ferguson, Netsett, RSA, Deutsche Bank