Security and control provide peace of mind for MTA Insurance.
Sage Pastel Evolution was implemented, utilising the latest technologies - MS-SQL allows the business to support an unlimited number of concurrent users on the system. Additionally, data integrity is ensured through the use of SQL’s transaction rollback feature.
About the company
MTA Insurance Limited (MTAI) is an unlisted public company and the holder of an Australian Financial Services Licence. Over the last 20 years MTAI has grown to become one of the three largest and most respected organisations in retail motor insurance products and has over 100,000 policy holders.
MTAI’s client base includes a number of the most prominent providers of motor vehicles in Australia. As a part of their ongoing commitment to the Australian Motor Vehicle market MTAI supports a number of Strategic partners with specifically branded insurance products.
Servicing every state and territory of Australia, MTAI’s head office is located at Woolloongabba in Brisbane. The global business provides integrated power systems for use on land, at sea and in the air.
MTA Insurance (MTAI) had been using an entry-level accounting solution that did not provide adequate security over the business data. Chief Financial Officer Lyn Hailwood said was open to changes after reporting which wasn’t good for control’. MTAI has a number of staff on the road meeting with providers. The current solution was unable to provide detailed information on motor vehicle, entertainment and travel expenses. With a complicated Accounts Payable structure, it was important that the new solution have the ability to include multiple payment groups such as claims, payment schedules, policy numbers and different payment structures.
MTAI were in need of a solution that would support their complex business structure.
Sage Pastel Evolution was implemented, utilising the latest technologies – MS-SQL allows the business to support an unlimited number of concurrent users on the system. Additionally, data integrity is ensured through the use of SQL’s transaction rollback feature.
Business Intelligence Centre makes reporting easy
MTAI Chief Financial Officer Lyn Hailwood required a solution that would have the ability to provide detailed reporting on all areas of the business. At any time, Lyn needed to know the current claims, underwriting activity, staff costs, salaries and the financial performance of the business. Business Partner, Progressive Business Technologies developed a Statement of Financial Accounts and Underwriting Summary report for using the Business Intelligence Centre (BIC) module which is an Excel based reporting tool that is part of the Evolution suite. The BIC module adds another dimension to the standard reports that come with Evolution. These reports can be saved and manipulated using all of the standard Microsoft Excel functions.
Advanced Security provides MTA Insurance piece of mind
It is important to MTAI that the new solution provide various levels of security to ensure data integrity. Sage Pastel Evolution provides ability to establish controls per user and in addition, establish user groups and assign users to groups. Each group has a certain level of access capabilities and restrictions. This streamlines the control process and provides comfort to management that data is maintained in a secure environment.
Sage Pastel Evolution has provided MTAI with deeper insight into MTAI’s financial situation enabling them to make quicker, better business decisions.
Lyn Hailwood, CFO MTA Insurance