Willis Group has launched Willis Accounting, a new global electronic accounting platform designed to speed up cash flow and settle claims more quickly on behalf of clients.
Willis Accounting replaces traditional paper and email delivery statements with automatic electronic messaging though an online portal. The new platform will speed up premium transactions and claim settlements with carriers and clients.
Willis will supply the online portal to around 1,100 carrier partners worldwide. Clients of Willis as well as underwriters will benefit from the new electronic system with enhanced cash-flow, reduced risk though guaranteed data delivery and quicker claims settlement.
The new investment is part of Willis’ Operational Improvement Programme, which was first announced in April 2014.
David Shalders, operations and technology director for Willis Group, commented: “As we continue to implement operational improvements across Willis we are squarely focused on delivering better service for our clients and carriers.”
“Improving our operations will make Willis more globally connected, improve our efficiencies and give us much better tools to do our job even better. The steps we are taking in electronic accounting are a great example of this approach.”
“Willis Accounting will accelerate the process of agreeing claim and premium transactions, support financial reporting and improve the reconciliation process.”
