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The Hartford Selects Accenture for Financial Systems Transformation Consulting

As part of the extension of an existing relationship, Accenture will help the insurer with technology selection and process standardization.

The Hartford and Accenture (New York) will work together on a multi-year project to transform the Hartford, Conn.-based life insurer's financial systems.

The major goals of the partnership are to identify appropriate technology investments, reduce costs and make processes more efficient and streamline the finance organization

"The goal of our work is to… [result] in a stronger, more process-oriented finance function – one with new capabilities, a common information platform and better, more efficient ways of working,” Chris Swift, CFO of The Hartford, says in a statement.

The two companies have worked together on several business and technology initiatives, including systems integration and consulting, since 1995, according to Accenture's Gary Fink.

"We selected Accenture based on our strategic relationship as well as their strong track record of delivering on financial management process changes of this scale," Swift adds.

Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio

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