Why Phinsys

WHY
PHINSYS?

Data Warehouse & Close Management

Rules-based Calculations & Allocations

Accounting Rules & Ledger Integration

Bordereau, Regulatory Reports & Recs

Management Reporting & Visualisations

BACK TO PRODUCTS

Maximising efficiency

“Reducing the cost of doing business was a key driver in choosing Phinsys as our finance technology partner. By streamlining our finance back office operations, we can minimise our expense ratio and accelerate our regulatory reporting.”

Adam Beatty
MANAGING DIRECTOR
Nephila

“The last 12 months has seen the finance function being asked to do more, more frequently and in ever-shorter periods of time. Phinsys solutions have been critical in enabling us to meet these challenges without increasing our head count.”

Kirsty Steward
Chief Financial Officer
Atrium

“Our reporting timetable is incredibly tough but we meet it every time due to the Phinsys solutions that provide a cost-effective route to facing some really challenging regulatory and accounting requirements.”
‍

Carys Lawton-Bryce
Head of IT & Business Change
CNA Hardy

Phinsys delivers unique software that supports Insurance Companies, MGAs and Brokers. However, it is their unique ability to understand how the software can be used to deliver exactly what is required to support a business that makes Phinsys stand out.

The roots of the organisation grew from working within Finance, Actuarial and IT departments and it is this core understanding of the needs of those areas that has driven the Phinsys evolution. The rapport between supplier and customer is key to the ongoing relationship Phinsys has with all its clients.

Phinsys is not only a technology company but also provides business solutions to maximise the impact of that technology.

BACK

CLIENTS
Acumen
Aegis
Ambac
Apollo
Ariel Re
Argenta
Ascot
Atrium
WR Berkley
Chaucer
CNA Hardy
Conduit RE
Dual
Enstar
Hamilton
HDI
Markel
MS Amlin
NFP
Palomar
Pillar Capital
Premia
Signal
Starr

PARTNERS
DQ Pro
Everis
HX
Imaginera
Inari
Isystems
Microsoft
PWC

ASSOCIATES
DIT
Fintech Alliance
Instech London
Insurtech UK
Lloyd's Lab
LMA
London & Partners

Unprecedented solutions

“Phinsys solves problems that seem unsolvable. Our experience of being able to merge finance, insurance and IT needs means we can navigate the most complex of issues.”

RICHARD TYLER
CHIEF EXECUTIVE OFFICER

Phinsys products provide a complete suite of services for all your financial management needs, with compliance requirements updated through a subscription-based facility.
‍
It is a complete, complimentary suite – a cross-platform problem-solver – that has much better architecture, data analytics and data-leveraging ability than anything else on the market.
‍
Until Phinsys, big inefficiencies were simply accepted as the norm. It can be hard to imagine what good looks like. But seeing is believing.

BACK

Accuracy by design

“We provide the common source of reconciled truth. This is the fundamental issue: without clean and consistent source data everything gets scary.”

STUART CONIBEAR
CHIEF COMMERCIAL OFFICER

Human beings make mistakes, and software systems that do not incorporate the right cross-checks can bury those mistakes.
‍
Phinsys programmes are unique in their multiple cross-checking and reconciliation methods to ensure such errors will always be detected and their sources located.
‍
Filing fully reconciled returns across multiple entity groups becomes easy and flawless with all data sources traceable, no matter how obscure their origins.

BACK

Seamless integration

“So much can go wrong when integrating data from multiple data sources…you need the right set of tools.”

WILL MOORE
CHIEF FINANCIAL OFFICER

Phinsys integrates multiple data sources, ensures that they are accurate, and then implements report-writing and compliance alignment from them.

We don’t throw away existing systems. Instead, we analyse all the records that exist, consolidate them, cleanse them and integrate them.

Furthermore, there is no limit to the numbers of source systems Phinsys can integrate.

Our products have been extensively tested over multiple platforms and only small modifications are needed to align with any system.

BACK

Proven reliability

“Phinsys has been totally successful in its product development for over a decade. We didn’t expand too fast: we refined our products until they were optimised.”

Neil Greenacre
Delivery Director

Fundamentally, Phinsys removes the reliance on spreadsheets and multiple disparate systems and combines whatever the historical sources may be into a single source of truth.

From the single source, all analysis and reporting is automated and 100% reliable, allowing Phinsys to manage processes to perfection.

All too often third-party software solutions cause implementation disruption. However, Phinsys methodology ensures our products always provide easier, faster, more economic solutions.

BACK

Exceptional reporting

“The methodology behind Phinsys software design is unique to us. It means our reporting and analytics are sophisticated and completely reliable.”

RICHARD TYLER
Chief Executive Officer

Creating the single source of true data and then using multiple check mechanisms to track all inputs, however old, at every stage of the computing process, is the secret to our accurate analytics.
‍
We also present that data in user-friendly and attractive forms through dashboards designed for easy use by different departments.
‍
Ultimately, the Phinsys ‘Inform’ dashboard consolidates all outputs from the Phinsys Full Suite in one dedicated facility.

BACK

Widespread validation

“Our products greatly improve sale-to-expense ratios and allow for predictable implementation periods.”

Eric Butler
DIRECTOR, Americas & Bermuda

Phinsys products invariably save a great deal of time and money, either freeing-up professional resource or reducing the headcount needed to fulfil tasks. They also take definable lengths of time to apply and perform.
‍
In short, Phinsys products allow for more accurate scheduling and budgeting, and also show where flaws may exist or improvements can be made.
‍
Phinsys products spell an end to costly and disruptive M&A finance system mergers and our services are a natural partnership toolkit for Tier 1 and 2 suppliers.

BACK

CLIENTS
Acumen
Aegis
Ambac
Apollo
Ariel Re
Argenta
Ascot
Atrium
WR Berkley
Chaucer
CNA Hardy
Conduit RE
Dual
Enstar
Hamilton
HDI
Markel
MS Amlin
NFP
Palomar
Pillar Capital
Premia
Signal
Starr

PARTNERS
DQ Pro
Everis
HX
Imaginera
Inari
Isystems
Microsoft
PWC

ASSOCIATES
DIT
Fintech Alliance
Instech London
Insurtech UK
Lloyd's Lab
LMA
London & Partners

Maximising efficiency

Adam Beatty
MANAGING DIRECTOR
Nephila

Kirsty Steward
Chief Financial Officer
Atrium

Carys Lawton-Bryce
Head of IT & Business Change
CNA Hardy

Unprecedented solutions

“Phinsys solves problems that seem unsolvable. Our experience of being able to merge finance, insurance and IT needs means we can navigate the most complex of issues.”

RICHARD TYLER
CHIEF EXECUTIVE OFFICER

Accuracy by design

“We provide the common source of reconciled truth. This is the fundamental issue: without clean and consistent source – data everything gets scary.”

STUART CONIBEAR
CHIEF COMMERCIAL OFFICER

Human beings make mistakes, and software systems that do not incorporate the right cross-checks can bury those mistakes.

Phinsys programmes are unique in their multiple cross-checking and reconciliation methods to ensure such errors will always be detected and their sources located.

Filing fully-reconciled returns across multiple entity groups becomes easy and flawless with all data sources traceable, no matter how obscure their origins.

Seamless integration

“So much can go wrong when integrating data from multiple data sources… You need the right set of tools.”

WILL MOORE
CHIEF FINANCIAL OFFICER

Phinsys products provide a complete suite of services for all your financial management needs, with compliance requirements updated through a subscription-based facility.

Instigation can be prioritised and investment phased as desired.
‍
It is a complete, complimentary suite – a cross-platform problem-solver – that has much better architecture, data analytics and data-leveraging ability than anything else on the market.
‍
Until Phinsys, big inefficiencies were simply accepted as the norm. It can be hard to imagine what good looks like. But seeing is believing.

Proven reliability

“Phinsys has been totally successful in its product development for over a decade. We didn’t expand too fast: we refined our products until they were optimised.”

Neil Greenacre
Delivery Director

Exceptional reporting

“The methodology behind Phinsys software design is unique to us. It means our reporting and analytics are sophisticated and completely reliable.”

Mike Toran
CHIEF OPERATING OFFICER

Creating the single source of true data and then using multiple check mechanisms to track all inputs, however old, at every stage of the computing process, is the secret to our accurate analytics.

We also present that data in user-friendly and attractive forms through dashboards designed for easy use by different departments.
Ultimately, the Phinsys ‘Inform’ dashboard consolidates all outputs from the Phinsys Full Suite in one dedicated facility.

Widespread validation

“Our products greatly improve sale-to-expense ratios and allow for predictable implementation periods”

Eric Butler
DIRECTOR, Americas
& Bermuda

Phinsys products invariably save a great deal of time and money, either freeing-up professional resource or reducing the headcount needed to fulfil tasks. They also take definable lengths of time to apply and perform.

In short, Phinsys products allow for more accurate scheduling and budgeting, and also show where flaws may exist or improvements can be made.

Phinsys products spell an end to costly and disruptive M&A finance system mergers and our services are a natural partnership toolkit for Tier 1 and 2 suppliers.