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SAP practice in South & West Europe
 Accueil  SAP practice in South & West Europe  CSC and SAP for Insurance
CSC and SAP for Insurance
CSC has a strong expertise in the insurance industry and has led major SAP implementation projects in this sector.

The new functionalities included in the “New Ledger” have provided a new magnitude to the use of SAP by the insurance companies by enabling to adapt the structure of accounting information to the needs of the insurance companies’ technical accounting departments.

The New Ledger simplifies the follow-up of technical lines, accelerates their processing (closings and reporting) and contributes to meet the performance objectives while controlling the Finance Function’s costs:


A specific accounting key dedicated to the insurance industry
Meet the industry’s regulatory requirements
Reduce the closing times: allocation by destination
Cover all functions assigned to the accounting back office




A specific accounting key dedicated to the insurance industry

The interconnection of the New GL lines and the existing standard lines provides the last SAP version with major possibilities of padding and accounting controls according to the used impersonal accounts (allocation of financial sections to the financial investments’ accounts, New GL technical lines on the premium accounts, ....).

Moreover, some fields of the insurance industry’s accountancy, such as the ministerial category, can be automatically fed through the use of rules, pre-defined by the user: product A + coverage B = ministerial category C),…


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Meet the industry’s regulatory requirements

The new concept of «segment», pre-integrated in SAP’s accounting key, can be used equally well for the management needs of a retirement savings account or a divisional accounting department requiring a balancing control and extended reporting possibilities.


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Reduce the closing times: allocation by destination

The real-time integration between CO and FI and the use of complementary «ledgers» enable to not weigh down the purely accounting processings and to optimize the allocation by destination (9/6).

The New GL cycles enable to share out the accounts among the different lines defined for the insurance company (products, coverage, ...).


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Cover all functions assigned to the accounting back office

Globally, all other accounting modules are available in this version:
  • Capital assets
  • Cash and cash equivalents
  • Expense reports
  • Purchasing and suppliers accountancy
  • Budgetary controls,…
The accounting information system on a SAP platform can be integrated into an overall architecture and shall guarantee the information’s traceability and secure the audit trail.

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Learn about CSC's insurance practice
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