Partnership combines Capco’s consulting capabilities and domain expertise with Aptitude’s leading-edge technology solutions for insurers
LONDON, March 16, 2021 – Capco, the global management and technology consultancy, and Aptitude Software, the London-based provider of financial management software, have announced a new partnership to deliver the benefits of Aptitude’s IFRS 17 Comply solution and the Aptitude Accounting Hub (AAH), a data-centric finance management solution for insurers.
Aptitude IFRS 17 Comply is a simplified, pre-configured solution designed for insurers that are looking for a faster, more standardized path to IFRS 17 compliance while also laying the foundation for future transformation projects. IFRS 17 Comply can be deployed as SaaS or on-premise.
The Aptitude Accounting Hub is an industry leading accounting engine and subledger solution used by major banks and insurers to modernize and simplify their finance departments by delivering centralized and fully automated finance, accounting, and reporting. AAH supports smart compliance, financial control, business agility, and operational efficiency. It creates a single, trusted version of finance data that can be used to improve analytics and forecasting. AAH can be deployed via SaaS, private cloud, or on-premise models.
Matt Hutchins, Partner and Insurance Lead at Capco, said: “Insurers face a range of pressures within their finance departments around control failures, data quality, total cost of ownership and ageing legacy finance and actuarial systems. Aptitude’s solutions help insurers to implement their automation, transformation and cloud implementation programmes. This allows them to reduce costs, automate manual processes and improve reporting timeframes, while also speeding time to market for new products. Combining Aptitude’s solutions with Capco’s expertise around solution architecture, digital, data, finance transformation, and agile ways of working will offer our clients a highly competitive proposition.”
Matthew Edwards, VP Strategic Alliances at Aptitude Software, said: “Securing the right delivery expertise is crucial for successful project implementations. We only partner with organizations we trust to maintain and prioritize our clients’ success. Capco has the expertise, experience, and deep sector knowledge that complements our product suite and our client-first culture. We are excited to work with Capco and look forward to realizing the potential of this partnership in bringing the benefits of our solution to a wider client base.”
Capco is a global technology and management consultancy specializing in driving digital transformation in the financial services industry. With a growing client portfolio comprising of over 100 global organizations, Capco operates at the intersection of business and technology by combining innovative thinking with unrivalled industry knowledge to fast-track digital initiatives for banking and payments, capital markets, wealth and asset management, insurance, and the energy sector. Capco’s cutting-edge ingenuity is brought to life through its Innovation Labs, and award-winning BYAW culture and diverse talent. To learn more, visit www.capco.com or follow us on Twitter, Facebook, YouTube, LinkedIn Instagram, and Xing.
About Aptitude Software
Aptitude Software provides software solutions that enable finance professionals to run their global businesses, forecast decision outcomes, and comply with complex regulations. Uniquely combining deep finance expertise and IP-rich technology, Aptitude gives finance leaders the tools they need to transform their business and achieve their ambitions. Aptitude is proud to have served the office of finance for over 20 years, delivering financial control and insight to create a world of financial confidence for our global clients. Headquartered in London with offices in the US, Poland, Singapore and Canada, Aptitude Software is an operating company of Aptitude Software Group plc.