{"id":10587,"date":"2023-03-14T16:08:57","date_gmt":"2023-03-14T16:08:57","guid":{"rendered":"https:\/\/www.casewareafrica.com\/tz\/success-stories\/caseware-plays-a-key-role-in-helping-old-mutual-streamline-the-production-of-annual-financial-statements\/"},"modified":"2023-03-14T16:08:57","modified_gmt":"2023-03-14T16:08:57","slug":"caseware-plays-a-key-role-in-helping-old-mutual-streamline-the-production-of-annual-financial-statements","status":"publish","type":"success-stories","link":"https:\/\/www.casewareafrica.com\/tz\/success-stories\/caseware-plays-a-key-role-in-helping-old-mutual-streamline-the-production-of-annual-financial-statements\/","title":{"rendered":"Caseware plays a key role in helping Old Mutual streamline the production of annual financial statements"},"content":{"rendered":"\n<h2>Business challenge<\/h2>\nOne of Old Mutual\u2019s lines of business is to provide administrative services for retirement funds. These services include drawing up annual financial statements for these clients as stipulated by the Pension Funds Act. The Act requires that retirement funds prepare annual financial statements in a certain format that conforms to Generally Accepted Accounting Principles (GAAP).\n\nIn this highly competitive market, retirement fund administrators must provide high-quality services at a low cost in order to retain their clients. Retirement fund administrators like Old Mutual thus need to find ways to streamline the process of producing annual financial statements whilst at the same time ensuring that they are highly accurate and align with regulatory changes. Caseware\u2019s Pension Fund Annual Financial Statements template provides the solution for Old Mutual. The software automates the process of producing annual financial statements, drawing financial information directly from the accounts, thus ensuring that if any of the underlying figures change, those are reflected in the financial statements. This in turn enhances the quality of the product delivered to the client, while greatly reducing Old Mutual\u2019s costs.\n\nIn addition, the Caseware team also ensures that the template is updated whenever the regulator changes its requirements, so that the statements are always delivered in the required format. \u201cFor Old Mutual, Caseware\u2019s Pension Fund Annual Financial Statements template provides a great way to draw up annual financial statements for all our retirement fund clients that conform to the regulator\u2019s requirements, that are accurate and that minimise the time commitment of our own employees,\u201d says Rashid Ismail, title, Old Mutual. \u201cCaseware helps us stay competitive while delivering an excellent service to our clients.\u201d\n<h2>The Solution<\/h2>\n[get_optional_extras]\n","protected":false},"excerpt":{"rendered":"<p>Caseware plays a key role in helping Old Mutual streamline the production of annual financial statements for the retirement funds it administers while improving accuracy and reducing costs.<\/p>\n","protected":false},"featured_media":10588,"template":"","class_list":["post-10587","success-stories","type-success-stories","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.casewareafrica.com\/tz\/wp-json\/wp\/v2\/success-stories\/10587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.casewareafrica.com\/tz\/wp-json\/wp\/v2\/success-stories"}],"about":[{"href":"https:\/\/www.casewareafrica.com\/tz\/wp-json\/wp\/v2\/types\/success-stories"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casewareafrica.com\/tz\/wp-json\/wp\/v2\/media\/10588"}],"wp:attachment":[{"href":"https:\/\/www.casewareafrica.com\/tz\/wp-json\/wp\/v2\/media?parent=10587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}