Conifer Gains Modern Accounting, Business Reporting and More with Oracle Financials Cloud

Conifer Gains Modern Accounting, Business Reporting and More with Oracle Financials Cloud

Conifer Holdings, Inc., an insurance holding company, chooses Oracle Financials Cloud to produce modern managerial reports to aid business decisions

The Client

Conifer Holdings, Inc., an insurance holding company, offers insurance coverage in specialty commercial and specialty personal product lines. It underwrites property, general liability, commercial multi-peril, and liquor liability policies.

The executive team at Conifer made the decision to move to Oracle Cloud for many reasons. The fact that Conifer is a public company, and required to meet certain control requirements that were too cumbersome to execute in the insurance company’s old system, was one driving factor.

The legacy system was not able to produce managerial reports that Conifer needed to make important business decisions. Conifer also wanted a modern financial system to help the company gain certain efficiencies – such as the ability to have multiple companies in a journal, intercompany accounting, and consolidation reporting within the system.

The Challenge

Throughout the course of the project, Terillium worked with the Conifer team to:

  • Identify the company’s business requirements for the system
  • Configure the system to meet those business needs
  • Test the system before go live
  • Conduct user training
  • Develop reports as well as necessary external-facing documents

Our Solution

Throughout the project Terillium and Conifer built a partnership that enabled the entire team to work well together. The go live was delivered on-time, and the project was delivered within budget. Through the process Conifer gained new business benefits, including modern accounting capabilities, internal auditing controls, and faster financial reporting.

Terillium and Oracle provided us with a real solution to meet our business needs: Oracle Financials Cloud. We are pleased that we partnered with Terillium for our Oracle product rollout. They worked closely with us to bring this in on-time and on-budget. We are looking forward to the improved processing and reporting efficiencies as well as stronger internal auditing controls.Terillium is a great cloud partner, and we recommend their team to any business considering a similar project.
Brian Roney
President at Conifer
Modern AccountingConifer's Oracle Financials Cloud system enabled the company to produce managerial reporting to make business decisions
Faster ReportingOracle Financials Cloud made processes at Conifer more efficient and provided new functionality
Meets RegulationsConifer moved to the modern Oracle Financials Cloud because it was too cumbersome to execute control requirements of public companies in its previous system
IndustryInsurance, Professional Services
ProductsOracle Financials Cloud: General Ledger, Accounts Payable, Cash Management