CPA & Assistant Controller
Large Northeast-based P&C insurer
When, and how, did you go about selecting Wings for your statutory reporting software?
My senior accountant worked with Eagle Technology Management at another company, and recommended to us that we take a look at the annual statement preparation product. We made the switch last year. One of the reasons we selected ETM, and this may sound like a minor detail, is the ease of producing footnotes for the financial statements. The fact that we can do it in Microsoft Word and just import it as an attachment is a big improvement over our previous provider, as their product was incredibly time-consuming. I spent hours trying to make sure the footnotes were formatted correctly and easily readable; it was a very inefficient process.
Another big plus is the constant validations that run in the background while we are inputting information into various statement pages. We noticed in our testing when we had our demo with ETM and uploaded some of our statements that ETM's product found some validation issues that our previous provider didn't catch. We became worried about the validity of our previous provider's validation processes.
What do you see as the benefits of Eagle Technology Management's SaaS offering?
It's really about efficiency and speed. We were incredibly inefficient in the production of our statements with our previous vendor. In my world, it's all about getting the most out of my staff, in the most efficient way possible. With ETM, it's a quicker program and it's going to allow my staff to do more at one time, and spend less time printing and formatting documents, as well as multiple staff being able to be in the same identifier at the same time when working on the statements.
Also, in talking with our technology department, the consensus I received was that whatever we can have on our vendor's server, freeing up our own capacity while maintaining information security, the better.
I came on board about a year and a half ago with the directive of revamping the accounting process, to make it more efficient and effective. The SaaS offering from ETM is a part of our overall strategy as a way to get more efficient in our financial reporting. We needed a product that's going to enable us to expedite this whole process.
I know I was incredibly amazed by the product and seeing the demo of this product really opened my eyes to what we were missing with our previous product.