Customer Success Story |
Abila MIP Fund Accounting™ Success Story: CSAC EIA
The CSAC Excess Insurance Authority (EIA) offers insurance solutions and risk management services to California public entities. The EIA clearly cares about its members. In fact, its mission is built around the acronym CARES – it strives to provide programs and services that are Competitive, Available, Responsive, Equitable, and Stable.
To respond to members’ evolving needs, CSAC EIA continually adds programs, modifies its structures, and adapts to a highly-cyclical insurance marketplace. It needed an accounting system that could adapt with equal speed, flexibility, and responsiveness.
A true fund accounting™ system, Abila MIP Fund Accounting™ enables CSAC EIA to grow its membership, add programs, efficiently and transparently manage budget reporting, and meet stringent California State Controller’s audit requirements. The EIA’s accounting workload has increased approximately 30 percent year-over-year for the past three years, yet it has been able to grow and scale without adding any additional staff. MIP™ has enabled the team to work “smarter, faster, and leaner,” according to CFO Marianne Stuart.
“A lot of the functionality in MIP helps us work efficiently, which makes us competitive and helps us maintain financial stability.”
– Vicky Walter, CPA, Controller