R33m savings through focused IFRS 17 software implementation

R33m savings through focused IFRS 17 software implementation

The client

A South African bancassurer looking to invest in an IFRS 17 software solution.

The challenge

  • Reduce the spend on an IFRS software solution that met the needs of the business and which could be rolled out within tight deadlines.

What MBE did

  1. Combined knowledge established during a long partnership with the client with the results of interviews with stakeholders to get a clear understanding of needs.
  2. Established an implementation partner relationship with the vendor, taking on the roll out of the software and consulting elements of the project.
  3. Designed and delivered an implementation project plan focused on priority areas to control costs.

The results

  • 82%+ saving against anticipated spend, from R40m to R7m.
  • IFRS software implemented to deadline and quality standards.
  • IFRS 17 expertise transferred to the client team.

Get in touch






UK +44 (0)1737 735 563

SA +27 (0)21 527 0041

Get in touch









UK +44 (0)1737 735 563

SA +27 (0)21 527 0041