Finsbury Solutions, a leading provider of spreadsheet management and compliance solutions, today announced its participation in the London Market Network, a select group of companies that have joined forces to provide business and technology services to the London Insurance Market.
In this first-of-a-kind initiative, Finsbury Solutions joins the Microsoft-led group, along with Sequel Business Solutions, Moore Stephens, CIBER, K2, and Meridio. The group of leading-edge technology firms will combine their expertise to offer the London Market a 'one-stop-shop' technology solution.
Jeremy Wood, Director and Co-founder of Finsbury Solutions, says: "The London Market Network joins a cohesive, best-of-breed pool of technologies with an optimum implementation programme. The resulting improvements in efficiency and profitability of individual London Market companies will heighten competition, which will, in turn, raise the bar of the industry as a whole."
Finsbury Solutions' Spreadsheet Workbench product resolves many of the real business and control issues that surround collating, manipulating, and storing critical business data in a spreadsheet environment. The solution will allow London Market members to seamlessly adopt robust IT controls and procedures into business critical spreadsheet applications, ensuring operational risk issues are minimized, and spreadsheet applications are more robust, scalable and supportable.
Wood adds: "This network provides a formal structure in which vendors and the business community can come together, share problems and solutions, and work out new ways to employ technology solutions faster, more cost efficiently and more effectively."
Bruce McKee, Insurance Business Development Manager, Microsoft UK, says: "All the partners have been selected because of their ability to solve a business issue or problem that exists in the London Market. They will have solved such problems before; have customer endorsements; solid reputations, and as business partners, the right cultural fit."