About the Client
XL Capital is a financial services company headquartered in Bermuda and incorporated in Ireland. The company has over 3500 employees and offices on Africa, Asia, Australia, Europe, North America and South America. Its main lines of business are casualty and property, both insurance and reinsurance.
To implement a single, reliable HR system across XL Capital’s dozen subsidiaries in 37 countries, which run a variety of legacy systems.
CherryRoad evaluated business processes and developed standard processes across all company entities while simultaneously deploying an HR system in multiple locations in multiple countries.
- A consistent, global system that has streamlined HR functions and supports regulatory and management reporting requirements.
- For XL Capital Ltd., a Bermuda-based Fortune 500 insurance and financial services firm, it was critical to implement a single, consistent HR system worldwide. XL Capital had grown through acquisitions across North America, Europe, Australia, Africa, Asia, and South America. By 2001, the company was operating in 30 countries.
- The companies that now formed XL Capital continued to use a variety of legacy human resources systems, making it difficult for management to track and manage employee data. Even obtaining headcount was a time-consuming, inexact task, requiring manual consolidation of numerous spreadsheets. XL Capital needed a seamless system to streamline its HR functions and support regulatory and management reporting. The company purchased an HR application, then hired CherryRoad Technologies, a certified implementation leader, to implement the system.