The accounting of financial service providers (especially of insurance companies) is subject to special accounting rules and statutory disclosure requirements. Increasing globalization and pressure to render financial statements in shorter periods of time increase the quality requirements for accounting processes. We support our customers in the development of solutions in the following areas:
- New General Ledger (NewGL) and IFRS migration and implementation: Varying specificities of landscape, SAP instances, versions and technologies make it imperative to choose an appropriate NewGL migration strategy. In close cooperation with the respective auditors of financial service providers, we offer specialized services in the NewGL migration, as well as the implementation of IFRS requirements.
- Parallel accounting: We offer services for tight deadlines or short closing cycles utilizing process optimization, a combination of actual and estimated data, forecasts and monthly financial statements.
- Insurance-related accounting: We offer services for the calculation of reserves, annual balance sheets, profit & loss statements, service providers settlement, and the distribution of annual costs.
- Evaluation for supervisory committees and regulators: We offer our customers advice and special tools to accelerate processes and minimize costs. They can take advantage of longstanding experience we have gained in numerous projects with various clients.