Abcd

Only available on StudyMode
  • Download(s) : 63
  • Published : May 15, 2013
Open Document
Text Preview
SAP for Insurance Part 1

Applies to:
SAP FS-CD ECC6.0. For more information, visit the Enterprise Resource Planning homepage.

Summary
This article is first part of series of several articles we will be writing on SAP FS-CD solution. This Article describes the basic architecture of SAP FS-CD. These articles are designed for 1. Business analyst 2. Insurance functional consultants 3. SAP technology consultants These articles will be helpful to understand configuration, business transactions and ABAP enhancements if customer needs changes in SAP delivered system. Author: Nilesh Bhoyar and Anil Konda

Company: Self employed Created on: 20 March 2011

Author Bio
Nilesh Bhoyar is SAP ABAP/BI consultant with SAP FI Certification. He has around 5 years of SAP experience. He has around 2 years of experience with FS-CD module. He is working with Allianz Global Investors as SAP Techno-functional Consultant. Anil Konda is a Chartered Accountant (ICAI, India) with 6 and half years of SAP experience including around 6 years of experience on FSCD Module with INTELLIGROUP Asia and INTELLIGROUP Inc., Currently working on Site with a major property and casualty Insurance company on implementation project of FSCD. Has a fair knowledge of end to end FSCD sub processes along with Business relevance.

SAP COMMUNITY NETWORK © 2011 SAP AG

SDN - sdn.sap.com | BPX - bpx.sap.com | BOC - boc.sap.com | UAC - uac.sap.com 1

SAP for Insurance Part 1

Table of Contents
Overview ............................................................................................................................................................. 3 Driving Luxury Car .......................................................................................................................................... 3 SAP for Insurance ........................................................................................................................................................ 4

Related Content .................................................................................................................................................. 7 Disclaimer and Liability Notice ............................................................................................................................ 8

SAP COMMUNITY NETWORK © 2011 SAP AG

SDN - sdn.sap.com | BPX - bpx.sap.com | BOC - boc.sap.com | UAC - uac.sap.com 2

SAP for Insurance Part 1

Overview
Post crises era is indeed different and now financial institutions needs more fact based strategy and technology solutions. After financial crises Insurance industry has to face following changes, 1. 2. 3. 4. 5. Customer Thinking and behavior Financial Reporting requirements Solvency II requirements Cost effectiveness More competition and they need innovation in products they are offering.

A Key factor that differentiates the winners and losers during the crises is IT. If organization has good IT infrastructure then it’s easy to respond to changes in economy, environment and technology. If there is weak IT infrastructure then it results in a. b. c. d. Wrong IT investments If organization is big then it’s tough for elephant to move in small room Organization misses to create confidence in their customer Launching new initiatives becomes difficult.

SAP Insurance is indeed one of the best products in market for this industry sector. It provides appropriate IT environment for ensuring profitable growth. Solution integrates the entire insurance value chain – from collection of premiums through payment of claims. SAP for Insurance supports data transparency, data integrity, and powerful analytics for tactical and strategic decision making and reporting. In next series of articles we will describe how SAP products can do this magic? Driving Luxury Car Few SAP clients complain about the high Cost of SAP implementation, missing deadlines or about lot of customization. SAP vendors address these...
tracking img