Julie Kramer, Financial & Compliance Product Director
- Make sure to keep up to date with the NAIC blank changes that could affect the way you report your data.
- Review the documentation provided with each release. Details in the documentation may include things like: new software enhancements, updates to formulas and regulatory changes. Be sure to share these documents with others on your team!
- Create import files from your source data (Excel, GL, Investments, Reinsurance, etc).
- Print your data to a PDF file. This allows you to send to managers for review and saves a tree!
- View & correct your crosschecks as they run real time; no need to wait until the last minute.
- Set security so that users only have editing rights to the schedules that they need to edit. This will alleviate anyone accidentally changing data in schedules they shouldn’t be editing.
- NONE all the identifiers that are not applicable to your company; this can be done in December and makes the work load smaller. Users can also filter their list of schedules by hiding the NONE’d pages.
- Be sure to review any Frequently Asked Questions documents that you may receive and check the NAIC website often for any last minute changes.
- It’s always a good idea to start working on the statement prior to February 28.
- When in doubt, call your software support staff – they are here to help!
With this list, chocolate, (or other favorite candy), assorted salty snacks, and two cases of your favorite beverage (non-alcoholic, of course) you should be all set for year-end! Good luck and Happy Holidays!!
To learn more about StoneRiver’s eFreedom Annual Statement software click here.