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Multi-GAAP Reporting for Insurance

Financial Products Subledger

Insurance accounting simplified

Establish a standardized central database using Financial Products Subldeger (FPSL) to streamline integrated processes across operational, actuarial, and financial domains. And deliver timely, consistent, and accurate financial information for all Multi-GAAP reporting standards.

 

 

Key capabilities Financial Products Subledger

  • Multi-GAAP, multi-entity, multi-currency Subledger
  • Full transparency & traceability
  • Built for high transaction volume
  • IFRS & US-GAAP content
  • Centralized accounting engine for valuation & calculation
  • Inbound/Outbound system agnostic
  • Flexible, modular capabilities
  • Seamless S/4HANA integration

Accelerate the financial close process

Reduce reporting time with rule-based accounting logic for a faster close and better transactional documentation. Gain full audit trail visibility with end-to-end control over accounting calculations and journal postings.


 

Multi-GAAP functionality built-in

Manage compliance with key regulatory and reporting requirements, including IFRS 9, IFRS 17, and US GAAP. Consolidate the accounting and valuation of all GAAPs within a centralized subledger for effective management, analysis, and explanation of differences.


 

Regulatory compliance

Manage and control your regulatory compliance and reporting more efficiently. FPSL contains built-in content to manage ever-changing regulations and provides an audit-proof framework to document and trace accounting transactions to source systems.


 

Long Duration Targeted Improvements

Manage US GAAP LDTI calculations and reporting requirements for ASU No. 2018-12. Learn more about how companies can use Financial Products Subledger for LDTI by clicking the link below.


 

Our services

Don't go it alone. Embarking on any system implementation can be overwhelming. But, with an experienced partner by your side, you can mitigate risk and learn the software from the most knowledgeable Financial Products Subledger resources in the world.

Consulting expertise

Technical & functional implementation support

Application management services

Ongoing system maintenance, support, and enhancement

Technical system services

Landscape system installation & upgrade support

Solution accelerators

System solutions to accelerate project phases

Enablement programs

Tailored training for project teams & business users

FPSL Services. Experience shapes our services.

We are a consulting, implementation, and managed services provider that helps companies improve their operational efficiency and decision-making capabilities utilizing SAP® technology and our innovative solution development.

Manage US GAAP LDTI calculations and reporting requirements for ASU No. 2018-12 with Financial Products Subledger's configurable LDTI content.

Preventative, corrective, and evolutionary support that ensures your investment will meet your needs now and in the future.

Learn the areas of Financial Products Subledger that interest you most. Get up to speed quickly or deep-dive into the system.

A stress-free system setup and maintenance service to support your project journey. Don't take the risk. Let the experts get you up and running.

 

An efficient, low-cost implementation methodology for IFRS17 with Financial Products Subledger.

How can we help you?

As a system integrator, software development partner, and managed services provider, our primary goal is to help you realize the strategies that support innovation and digital transformation throughout your operations.

 


 

Schmid-Wolfgang

Wolfgang Schmid

EVP Finance

Greiner-Oliver

Oliver Greiner

EVP Finance