The project:
For the necessary replacement of the IAS39 accounting standard and the switch to IFRS9, we developed a solution based on the SAP TRM standard in order to reclassify all investment portfolios for an internationally active insurance and reinsurance company. To this end, we expanded the reclassification so that all effects relevant for reporting could be shown in the transition.
Account assignment – adoption of the new account assignment logic based on the technical specifications
Inventory management – setting up individual inventory management for the relevant products and implementing the necessary new valuation classes and inventory management procedures as well as their dependent settings
Transfer posting tool – conceptualisation, expansion and testing of the inventory transfer posting for the reversal of IAS 39 inventories and simultaneous posting of IFRS 9 inventories in accordance with all technical requirements
Reporting – Support of reporting for the new relevant key figures and transfer of information through the system lines
Testing & troubleshooting – Support in the design and implementation of sprint-accompanying functional, developer and integration tests and rectification of defects.
Going live and support – We transferred all inventories to IFRS9 after the successful IAS39 closing. We subsequently provided 1st level support.
Our added value:
Understand – the technical expertise of the employees deployed makes it possible to implement the technical requirements for the new accounting in SAP TRM
Transform – our consultants' professional and technical expertise enables the requirements to be implemented in the SAP standard and adapted to customer specifics
Control – ponturo assumes responsibility for the implementation project by managing (sub-)project teams. Certified product owners, scrum masters and project managers support the agile project approach.
Quality – ponturo employees make a decisive contribution to quality assurance with their specialised expertise in test design, test case description, test data provision and test execution.
The result:
All inventories from more than 100 companies were reclassified to IFRS9 following the successful IAS39 annual financial statements in order to fulfil the reporting and extended inventory and accounting requirements.
