Kenyan Madison Insurance Company Improves Operational Efficiency with SAP

April 2, 2015 by SAP News 0

NAIROBI, KENYAMadison Insurance Company Kenya Limited announced today that they successfully went live on SAP’s insurance industry Enterprise Resource Planning (ERP) software in January 2015.The implementation was undertaken by Kenyan-based Turnkey Africa Limited and One Connect Limited, SAP partners that specialise in solutions for the insurance industry across Africa.

Madison Insurance Company Kenya Limited is one of the leading names in the Kenyan insurance industry. The company offers Life and General Insurance products and specialises in Life, Health, Home, Auto and Business insurance. The diverse range of Madison products rapidly created a pressing need for an efficient technology platform to manage the divergent data streams entering and exiting the organisation. SAP for Insurance Enterprise Resource Planning solution has Business Process Applications core competencies comprising of accounting, procurement, fixed asset management, cash flow management and other technology modules aimed at maintaining efficient data management processes.

“Increased efficiency and rapid decision-making are key to increase profitability in the competitive insurance market,’ said Mr. James Ngunjiri, Managing Director of Madison Insurance. “The new SAP system has enabled us to streamline business processes consistently and provide reliable information, We selected SAP not only for its great reputation of excellence in mission-critical, enterprise-wide system implementations, but also owing to the fact that they have a world-class ERP solution that is specifically tailored for the insurance industry.” he added.

Turnkey Africa Limited and One Connect Limited played a strategic role in this software implementation. Their experience in the insurance industry and knowledge of the African business landscape, contributed significantly to the successful SAP implementation at Madison Insurance. SAP’s other targeted insurance solutions give organisations a competitive edge to streamline operations and manage policy administration processes including optimising claims processes, reduce costs and increase customer satisfaction.

Andrew Waititu, Managing Director at SAP East Africa commented: “Madison Insurance’s success is another step in the ongoing successful expansion of SAP’s ERP presence in the insurance and banking industries in East Africa. It also further strengthens our position as leading provider of IT services to financial institutions. Madison Insurance joins over 700 insurance companies around the world that have chosen SAP as their strategic technology partner.”

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