The challenge
With S/4HANA for Financial Products Subledger (FPSL), SAP Fioneer offers a standardized subledger solution for creating balance sheets, income statements, forecasts, plans and simulations for primary insurers and reinsurers. With SAP FPSL on SAP S/4HANA, insurance companies can display different GAAPs (e.g. IFRS 17 and US GAAP LDTI) in parallel at different granular levels. Implementing this solution and integrating it into the IT architecture is a major challenge, and we are happy to provide expert support in all project phases.
We are a SAP & SAP Fioneer partner with many years of project experience in the insurance sector
Professionally sound and technically adept – we provide consulting services throughout the entire project cycle
We are an expert partner for SAP accounting solutions in the finance and insurance industry
All consulting services at a glance
- Conceptional design of technical requirements for SAP FPSL, taking into account current developments in national and international accounting standards for insurance companies
- Description of the technical adaptation requirements for upstream systems, design of interfaces and customizing of SAP FPSL
- Customizing SAP FPSL in the following areas
- Data Load Layer
- Source Data
- Subledger Accounting
- Results Data
- Simulation & Forecast & Plan
- Specialist and technical conceptional design for overarching topics
- Specification of the required data and data models
- Initialization & transition
- Foreign currency valuation
- Plausibility check
- Reconciliation
- Design and implementation of functional and technical tests
- Accompanying the go-live and supporting line operations
products
We know the relevant products inside out and have many years of experience in implementing analytical applications.
We know the relevant products inside out and have many years of experience in implementing analytical applications.
The Financial Products Subledger (FPSL) creates a central data source that connects operational and financial systems via a single platform and provides detailed financial data to enable compliance with regulatory requirements such as IFRS 17, US GAAP and Solvency II.
Financial Control provides a central platform for simplifying accounting and financial processes and optimising closing processes. Financial Control enables the execution and monitoring of compliant reconciliations and manual postings based on best practice workflows.
The Finance Data Suite enables fragmented data to be harmonised and financial and business data from different areas to be seamlessly integrated.
