More efficient accounting for financial service providers

The financial industry is in upheaval. This trans­for­mation calls for a great degree of flexi­bility on the part of banks, insurers and other financial service providers – with sustained impacts on both structure and organi­zation. Among the current challenges facing the industry are not only new legislative rulings in Germany such as the Balance-Sheet Modern­ization Act, the new regulation of the Insurance Contract Act and a law towards the further devel­opment of organi­za­tional struc­tures within statutory health insurance involving accounting pursuant to the code of social law (“SGB”), but market economy influ­ences such as takeovers and mergers, too.

Using SAP to cope with change
The planning and enactment of a trans­for­mation like this ties up resources, time and money. To cope with this you need a partner who supports you individ­ually and grasps your require­ments. INFO AG enhances your IT infras­tructure using customized SAP solutions for financial accounting, controlling and corporate group consol­i­dation, all the way to debt collection and compen­sation pay-outs for insurers. With our help you put processes into effect faster and more econom­i­cally while increasing your operative efficiency:

• You depict accounting and new statutory require­ments in your system precisely the way your industry calls for them.

• You work with distinct features of the SAP standard modules SAP FI and CO that are specific to the industry, as well as with SAP FS-CD (debt collection and compen­sation pay-outs for insurers), factors that are coordi­nated precisely to meet your require­ments.

• In cases of mergers and restruc­turings, we support you using adapta­tions to your IT solution that are equally specific to the industry – for example in the event of migra­tions and the combining of company codes.

• You standardize payments throughout the corporate group.

• You build up a uniform, insurance-related subsidiary book of accounts that depicts all the details of benefits, bonuses and premiums.

• We offer you financial controlling solutions specific to the industry towards redesigning your reporting.

• With SAP EC-CS or SEM-BCS you consol­idate your corporate group struc­tures and adjust­ments in group accounting.

Experi­enced partner to the financial industry
When it’s time to put your require­ments into action, rely on the experts at INFO AG. Our Project Management is based on target and success-oriented corporate gover­nance. We view costs, time and the efficient deployment of resources as decisive factors for success. Bank on years of experience working with the financial industry and the specific knowledge we’ve gained in the process – bank on INFO AG.