Common Challenges in Your Industry
In financial and insurance environments, transformation risk rarely comes from technology alone. More often, it stems from complexity, delivery discipline, and regulatory exposure.
Evolving compliance requirements place sustained pressure on finance, risk, and reporting functions. Fragmented core systems and data platforms make it difficult to maintain a single, reliable view of customers, products, and financial position.
Manual processes persist across finance and compliance, increasing operational risk and workload. At the same time, vendor bias and opaque statements of work can leave gaps in accountability, increasing cost, delay, and regulatory exposure during transformation.
Practical Solutions by SMC
Across Strategy & Roadmap, Select & Negotiate, Plan & Implement, and Review & Optimise, we help leaders set clear direction before committing to change, make independent and defensible decisions on ERP, core systems, data platforms, and reporting tools, and govern delivery in compliance-sensitive environments. This ensures regulatory obligations, data governance, and risk controls are embedded from the outset, not retrofitted during delivery.
Through and beyond go-live, we focus on stabilisation, optimisation, and trust in the numbers. Our client-side support strengthens reporting confidence, protects finance integrity, and helps organisations maintain control over the systems that support regulatory compliance, risk management, and customer outcomes.
SMC Success for Financial & Insurance Services Clients
Project
Health insurer finance ERP implementation
Project Outcomes
SMC delivered end-to-end support from business case and strategy, process improvement, requirements gathering, selection and implementaion of a finance system implementation under budget on time for Peoplecare. SMC also went on to led the implementation of HCM and payroll solutions for Peoplecare.
Pioneer Credit
Project
Retail credit HCM payroll implementation
Project Outcomes
SMC led analysis, planning and implementation of HCM and payroll for retail credit services.
Project
Member bank ERP selection
Project Outcomes
SMC led the selection of TechnologyOne selected as best-fit ERP with favourable commercial contract and long-term cost savings.
Project
Automotive cooperative financial management System selection
Project Outcomes
SMC led financial management solution selection for 21,000-member automotive cooperative.
Questions Asked by Leaders in Finance and Insurance
SMC works client-side to ensure transformation programs align with regulatory obligations, audit requirements, and governance standards. Compliance, reporting integrity, data governance, and risk management are embedded throughout strategy, selection, and delivery, not treated as downstream activities.
Yes. We work across banks, insurers, mutuals, and specialist financial services organisations. Our approach adapts to different regulatory regimes, product structures, and operating models while maintaining consistent governance and delivery discipline.
We treat data governance, security, and privacy as core design considerations. This includes controls around customer data, reporting accuracy, access management, and regulatory compliance, ensuring systems can be trusted by executives, auditors, and regulators.
We focus heavily on finance and reporting integrity, including GL, AR, reconciliations, statutory reporting, and regulatory submissions. Our work ensures reporting remains accurate and defensible through and after go-live.
We support ERP, core financial systems, insurance platforms, HR and payroll, CRM, data platforms, and regulatory reporting solutions. The focus is always on how these systems work together to support compliance, risk management, and operational confidence.
By establishing clear direction before vendor engagement, protecting commercial and contractual interests during selection, and maintaining strong client-side governance throughout delivery. This reduces cost overruns, scope gaps, and regulatory exposure.
Yes. We frequently provide independent governance, assurance, and delivery support alongside implementation partners, ensuring accountability is clear and client interests are protected.
SMC is often engaged before vendors are selected, but we also support organisations mid-programme where regulatory risk has increased, reporting confidence has been impacted, or delivery needs to be reset.
Ready for 100% Client-Side Independent Advice?
SMC provides independent, outcome-focused advisory to help financial and insurance services organisations modernise systems, manage risk, and deliver transformation with confidence.