Amica’s holistic financial systems transformation

Amica, the oldest mutual insurer of automobiles in the US, has provided highly rated customer service in personal lines insurance for more than a century. With PwC's support, Amica transformed and revitalized its financial systems by centralizing them to one cloud platform, creating efficiency for finance in the process.

Amica logo

CLIENT

INDUSTRY

Insurance

FEATURING

Oracle

Amica
  • October 11, 2022

50%

faster month-end close activities thanks to standardization with Oracle cloud

trust icon

centralized transparency and visibility across accounting functions – a net new capability

50%

reduction in manual tasks associated with the annual corporate financial planning process

trust icon

Streamlined reporting hierarchies that create more transparency and trust with stakeholders

Interviewee thumbnail

Interview with:

Matt Orrico

Assistant Vice President,

Amica Mutual Insurance Company

What sparked the need for change?

“We saw an opportunity to refresh our finance platform and benefit from stronger data quality, transparency and reporting capabilities. We knew a modern, agile system could better enable finance to support our strategic vision and help us provide senior leadership with data critical to key business decisions.”

What solution did the teams unlock by working together?

“The new system, built on the Oracle Cloud, has redesigned our financial infrastructure. We now have scalable, standardized solutions, and we can access our financial data in one location. With the help of PwC, we’ve streamlined our essential financial processes, made our operations more efficient and enhanced our financial reporting.”

Where did tech innovation meet human ingenuity?

“We eliminated tedious, time-consuming manual tasks and can now focus on activities that add value. Our Oracle Cloud architecture combines Enterprise Resource Management (ERP), Oracle Performance Management (EPM) and Oracle Analytics Cloud (OAC) to support the productivity of our already skilled team. Together with PwC, we equipped our accounting team with the tools they need to upskill for future state technology.”

What was the real-world impact of approaching things differently?

“PwC used its industry knowledge to help us find the right design and solution, which improved our financial processes across the board. We replaced antiquated systems with modern infrastructure. As a result, we gained better visibility into our data, helping us continue to support key decision making and the company's growth efforts.”

TRANSFORMATION, MADE FOR YOU

Accelerating breakthrough performance to help ignite business growth.

Learn more

CASE STUDIES. REAL IMPACT.

Expertise. Technology. Results. Powered by collaboration. Explore our case studies to see what’s possible.


Learn more

Contact us

Avinash Mullick

Principal, PwC US

Tony Bowers

Principal, PwC US

Follow us
Hide

Required fields are marked with an asterisk(*)

By submitting your email address, you acknowledge that you have read the Privacy Statement and that you consent to our processing data in accordance with the Privacy Statement (including international transfers). If you change your mind at any time about wishing to receive the information from us, you can send us an email message using the Contact Us page.