Challenge: Old Mutual Group Plc is a FTSE 100 listed savings, protection and investment group based in London and operating in 34 countries. In May 2007, they launched a group-wide finance programmer, ‘Finance 2010,’ in response to their rapid growth and the increasing demands of external reporting. One of the principal goals of the programmer is the Financial Control Initiative (FCI). The aim of FCI is to enable better financial information management and ensure against financial reporting errors, thereby mitigating regulatory compliance risks. To achieve this, the Group needed to implement highly secure, risk-focused systems and processes…
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