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Systems and Data Management Services

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Systems & Data Management

The IPT systems challenge

Insurance Premium Tax is a complex and fast-moving area. And as complexity increases, legacy systems simply can’t meet the demands.

You may have a mixed environment, with various systems inherited through mergers & acquisitions. Systems that have grown organically and that served you well in the past. But now, they don’t offer the flexibility or detailed, granular data you need to track IPT rates, rules and exceptions across all the markets you operate in.

In an area where accuracy is everything, being compliant is getting ever-more complex - the EU alone has 18 classes of insurance per country. Guesswork, estimates and retrospective calculations can mean discrepancies, and more often than not, the shortfall has to be made up by the Insurer.

Cutting-edge IPT solutions, designed around you

Impendulo’s approach is revolutionary: powerful, sophisticated IPT solutions completely customised for the way you work.

Our Systems & Data Management Services start with a comprehensive review of your current situation, including:

  • IT system review
  • Data input review
  • Data output review
  • Data integrity review
  • Integration services
  • Database management
  • Database review
  • Process review
  • Tax workflow

Cost-effective, scalable and open

We’ll review what data is usable, and rationalise all databases into one. That gives you the flexibility to split out the data in whatever format you need, whenever you need it.

We’ll then design a custom-built solution that brings immediate benefits:

  • Complete integration
    • Impendulo’s customised IPT solution works with your current systems and is designed around your business processes. You don’t need to change the way you work.
    • It’s corporate-branded and completely open. Tax information is available as a database, accessible throughout your organisation using an API (Application Programming Interface).
  • Flexible, secure and powerful
    • A customised IPT solution will minimise disruption, and means you don’t need to throw everything out and start again.
    • It’s accessible from anywhere, and is completely secure.
    • A single integrated system will eliminate errors & duplication, helping you operate more efficiently.
  • Lower costs, higher service levels.By streamlining and simplifying your IPT systems, we’ll cut your capital outlay costs, reduce your operating expenses, and help you deliver better service to your customers.
  • Built for the future. A customised IPT solution from Impendulo is designed to grow as your business does. It’s built on a powerful platform – OneIS - which is robust, scalable and flexible.
 
Impendulo's approach is unique: there's no need to 'fit in with the system' any more. Instead, we develop customised, powerful, easy-to-use solutions like our Impendulo Tax Engine and Tax Portal. Nobody else does that.
 

Insurance Premium Tax made easy:

  • Dedicated IPT specialists
  • Comprehensive service
  • Completely customised
  • Highly cost-effective
  • Tangible results
  • Significant cost savings

Call +44 (0) 203 008 7955 today or email answers@impendulo.com