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Robust Reporting Propels Delaware Life’s Productivity
“We moved from the stone age to Kyriba, which is obviously the premier Treasury Management System in the industry, saving us a ton of time and effort.”
Joel Smith, Assistant Director of Finance, Delaware Life
Before Kyriba
- Legacy TMS provider riddled with many problems
- Limited support, heavily manual
Kyriba Modules Adopted:
- Cash Accounting
- Payments
- Cash Forecasting
- Bank Analysis
Positive Business Outcomes:
- Reports that used to take 15-20 minutes a day to generate – out of each bank portal – now are instantaneous
- Roughly 50 reports per day are now automated, saving multiple analysts hours of work
- Hundreds of transactions per day are now auto reconciled
“One of the best things about Kyriba is the customer service. Every time I get on the phone, somebody picks up, and immediately we get attention. I can’t stress how important that is for us. In treasury, everything is right now. If you have an issue, you need it done in an hour. We can 100% count on Kyriba to be there.”
Joel Smith, Assistant Director of Finance, Delaware Life
ABOUT DELAWARE LIFE
Founded in 2013, Delaware Life Insurance Company is a member of Group One Thousand One, LLC (“Group1001”): a dynamic network of businesses making insurance more useful, logical, and accessible for everyone. As of March 31, 2022, the company had assets of $43.3 billion and liabilities of $41.2 billion (does not include Delaware Life Insurance Company of New York) with more than 320,000 active annuity and life insurance policies.
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Founded 2013
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Headquarters Waltham, MA
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Industry Insurance
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Employees 374
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