Report processing time cut by 50%
The challenge
Accurate, timely reporting is critical for any insurance and investment business — from customer statements and regulatory reports to reconciliations, accounting, and management analysis. Each relies on data drawn from multiple systems that must be consolidated efficiently and accurately.
Aegon’s Group Treasury runs on a treasury management system but also needed to compile additional reports manually in Excel, combining data from several internal systems. This was time-consuming, prone to error, and created operational bottlenecks across departments.
“Our reports were compiled by gathering information from various system applications,” explains Marcel Reuser, Group Treasury Operations Support at Aegon. “This data then had to be processed and compiled manually in Excel. An average report took more than 45 minutes to produce — and was prone to human error.”
Aegon set out to find a solution that could automate data extraction, streamline reporting, and improve overall accuracy and efficiency.
“OmniFi has made a tremendous difference to our reporting processes.” — Marcel Reuser, Aegon Group Treasury Operations Support
The solution
After evaluating the capabilities of OmniFi, Aegon decided to implement the platform to enhance reporting across its treasury and cash management operations.
OmniFi’s user-friendly interface enables the creation of customized management reports that can be generated automatically or on demand. Senior management can now access reports directly, without waiting for manual compilation, and use Excel as a familiar presentation layer powered by OmniFi’s robust data management and automation engine.
The solution gives users precise control over report parameters — for example, scheduling specific reports to run automatically each morning or re-running historical reports without rebuilding them. This flexibility allows teams to link data sources, customize views, and ensure accuracy across all reporting outputs.
“By using OmniFi’s automated system, we can produce reports at the touch of a button.” — Marcel Reuser, Aegon Group Treasury Operations Support
The result
The implementation of OmniFi has transformed Aegon’s reporting processes — reducing processing time by 50% and virtually eliminating human error.
“By using OmniFi’s automated system, we can produce reports at the touch of a button,” says Reuser. “Our efficiency has improved as all information is collected directly in Excel, reducing processing time to half of what it was before. It has also significantly minimized errors.”
The automation has freed up staff time for higher-value tasks, delivered measurable cost savings, and empowered departments to create new, data-driven reports that were previously impossible to produce.
Implementation was completed in under a week, supported by SkySparc’s experienced consultants who ensured a smooth deployment. Aegon plans to migrate additional reports to OmniFi and use the platform to support future system upgrades through automated regression testing.
“SkySparc understands our business and delivers solutions that fit closely with our needs. Their support was excellent throughout implementation.” — Marcel Reuser, Aegon Group Treasury Operations Support
AEGON is one of the world’s largest providers of life insurance, pensions and long-term savings and investment products. It has more than 29,000 employees serving more than 40 million customers across the globe. Its central treasury and cash management departments are responsible for the group finances and investments of a complex global business operating in a multitude of regulated markets.
