IFRS 17 for Insurance – Product Overview
IFRS 17 through SAP Business One and SAP Analytics Cloud brings:
- Ease
The solution is easily Integrated with any ERP. Cloud & on Premise deployment is fully supported.
- Smartness
Deeper insights into IFRS accounts with Big Data Analytics. Provides Real-Time visibility into your business.
- Improved Forecasts
The best and most appropriate estimates with fulfillment Cash Flows.
- Future
Is the Future Financial solution, with IFRS Calculation Engines, Risk Adjustment methodology and Contractual Service Margin (CSM).
- Simplicity
SAP Business One® & SAP Analytics Cloud ® is a powerful solution, which simplifies the IFRS 17 complexity with automated processes and user-friendly interface.
- Innovation
Digitize IFRS reporting, leverage Big Data and the Internet of Things in real time, leading the company to the Digital Transformation.
Advantages of IFRS 17
With SAP Business One® & SAP Analytics Cloud® Insurance Companies are:
- In line with the most Modern Accounting approach.
- Able to Control, Manage and Visualize big volume of Data.
- Using the latest Calculation Methods for IFRS 17.
- Using Enhanced Real-Time BI (reporting).
- Reliably meeting the Audit requirements.
- Generating Cash Flows for both actual and estimated Data.
- Able to build a Strategic approach based on the created Scenarios.