Companion Property & Casualty (P&C) has selected Chesapeake System Solutions' T-Recs enterprise system to automate its corporate general ledger account reconciliation functions.

Companion P&C has also selected Chesapeake’s IDM (internet data manager), a solution that retrieves third-party financial data automatically over the internet.

Companion has opted software-as-a-service (SaaS) versions of both software solutions in order to expedite systems transition, Chesapeake said.

Chesapeake CEO Peter Vogelberger said that Companion P&C has selected the company’s T-Recs to transform their reconciliation process with its advanced functionality and processing power.

“In opting for SaaS solutions, Companion P&C gains the peace of mind that comes from putting ongoing system operation and maintenance in the hands of an acknowledged expert with advanced facilities,” Vogelberger said.