Automate More & Increase ROI

Insurance companies have had to rapidly evolve and update the way they’re processing claims and communicating with customers in order to stay competitive in today’s market conditions. One of the biggest opportunities for cost savings is within back end accounting processes. By leveraging automation within the claims management space as well as the accounting space, teams have been able to increase accuracy up to 95% and reduce the financial close process from weeks to days. This can save time, decrease audit risk, and free your accounting team’s time for more valuable business operations - crucial cost saving gains for insurance organizations trying to stay ahead of the competition.

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Blog Post:
How To Reduce Your Financial Close Process from Weeks to Days

Accountants face some of the most tightly regulated communication requirements. Audits, data management, and ever-changing reporting regulations have made closing the financial books and long drawn-out process. Many enterprise-level companies still depend on manual data processing to prepare journal entries and complete disclosure reporting. The good news? This is all avoidable.

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Eliminate your dependency on manual business processes and spreadsheets.

HOC is a services-based solutions company built to take on specific challenges facing accounting departments in the insurance industry. Its comprehensive consulting services are designed to find gaps and inefficiencies and help busy accounting and compliance teams save time, create more accurate reporting, and stay compliant with complex industry requirements and SEC regulations such as disclosure reporting.