Willis Towers Watson updates software platform to address reporting challenges

ARLINGTON, Va., April 27, 2017 -- Willis Towers Watson (NASDAQ:WLTW), a leading global advisory, broking and solutions company, has released an updated version of Unify, the systems integration and workflow platform. Unify 2.0 introduces new features in response to the tightening of reporting timescales, which continue to pressure insurers to process vast amounts of data more quickly and accurately, with more rigorous governance but limited in-house resources.

Building on the launch of Unify in 2015, designed to help insurers integrate their financial modeling and reporting applications into an automated and governed process, the next generation of the Unify platform has significant performance improvements.

Unify 2.0 implements a number of new features, enabling insurers to reduce the working day timetable and resources required to perform their regular reporting. All processes have the potential for error or for new information to risk making work already carried out invalid. Unify 2.0 now makes it much easier to create workflows with built-in restore points, allowing users to restart from predefined points rather than having to rerun all previous activities, ensuring valuable time is not lost.

Information is also now easier to manage in the system with the introduction of the ability to assign user-defined attributes to data and other objects based on the company’s own processes and terminology. Unify 2.0 also further improves upon its user capabilities by making it significantly easier to exchange data and activities with other staff, which will help prevent unnecessary delays when, for example, a core team member is on leave.

“A more demanding regulatory environment puts insurers under pressure to produce richer and deeper analysis more frequently, with strict governance and controls,” said Rob Kemp, Unify product leader, Willis Towers Watson. “Yet a challenging backdrop of squeezed budgets means insurers can’t throw more expensive resources at the problem. Unify allows insurers to fundamentally change their end-to-end financial modeling and reporting processes to run with greater efficiency and consistency, and rise to a higher standard of performance in risk and capital management.”

Notes to editors

The Unify platform works with Willis Towers Watson’s risk software products, including Solutions for Life, and third-party software. Its seamless integration provides for better data flow and interaction between these applications. User-defined workflows can be fully automated as end-to-end processes, which can be triggered manually, scheduled for future times or executed by other external systems and scheduling tools that companies may have already deployed in their business. Tailored governance protocols, including user reviews, approvals and other user interventions, can be designed into workflows, and detailed audit logs capture all those interactions within the system, along with native audit logs from underlying systems that run as part of a workflow.

About Willis Towers Watson

Willis Towers Watson (NASDAQ:WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 40,000 employees serving more than 140 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com.

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