STAMFORD, Connecticut and LUCCA, Italy, September 21, 2016 /PRNewswire/ --
Ronald van Hees, Finance Director of CZ Health Insurance, Will Discuss how a Solvency II Compliance Solution is Paving the way for Strategic Finance Transformation
Tagetik, a visionary leader in global performance management software solutions, will host the webinar "Why Solvency II Is a Lesson for All CFOs," the latest presentation in Tagetik's popular Progressive CFO™ series, on Wednesday, September 28, from 9:00 to 9:30 a.m. Eastern Time/ 3:00 to 3:30 p.m. Central European Time. The webinar's guest speaker will be Ronald van Hees, finance director of CZ Health Insurance, one of the Netherlands' leading health insurance companies. Marco van Ackooij, a Deloitte Nederland partner with more than 20 years of experience in the financial services industry, will moderate the conversation.
Solvency II, which introduced stringent requirements for capitalization and reporting for insurance companies throughout the European Union, is arguably the most complex regulatory regime business has ever seen. In order to meet Solvency II requirements, CZ Health Insurance has revamped and automated processes for data collection, data management, reporting, and risk management. The 30-minute discussion will touch on these and other topics:
- How Solvency II reporting fits into CZ's bigger vision for financial reporting;
- The positive business changes Solvency II compliance has brought to CZ to date;
- How technology is helping CZ improve data quality across all areas of finance;
- CZ's vision for creating a collaborative, data-driven reporting process;
- The unexpected "people" benefits realized from implementing a Solvency II solution.
"The finance function is at the heart of CZ's quest to reinvent its operating model. Achieving more efficient, reliable budgeting, forecasting and reporting processes are first steps to bringing more strategic business insights to senior management. Initially implemented to meet the reporting challenges of Solvency II, Tagetik is now helping us transform finance," said van Hees.
"CZ Health Insurance illustrates how regulatory change is driving people, business change, process optimization, analytics, and innovation within the finance function. By taking a strategic approach in addressing Solvency II requirements, the company is able to leverage its investment to achieve much greater benefits," said van Ackooij. Deloitte is a strategic partner of Tagetik.
"The insurance industry is one of the most complex businesses from a financial management perspective. Companies in all industry segments would do well to adopt the lessons learned and best practices of insurance companies successful in Solvency II compliance in order to effectively meet their own industry-specific challenges," said Marco van der Kooij, general manager of Tagetik Benelux BV.
To register for the upcoming webinar, click here.
Tagetik understands the complex challenges that face the Office of Finance and translates that knowledge into intuitive, enterprise-scale performance management software solutions that drive business results. With Tagetik, companies get the simplicity of the Cloud and the power to unify financial and operational planning; shorten the consolidation and close process; immediately analyze results, model and compare full financial statement impact of business scenarios; adjust strategic plans; seamlessly update rolling forecasts; produce formatted and auditable financial statements and management reports; collaborate on business reviews, and automate disclosure and board reporting. Tagetik has built-in financial intelligence so that CFOs, finance managers, and operations executives can orchestrate multiple or all processes in one software solution. More than 850 customers across 35 countries count on Tagetik to improve efficiency, reduce risk, save money and deliver results. For more information, visit www.tagetik.com. We get Finance. You get results.
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