Common terminology and business processes form the basis for SAP Reinsurance Plug&Play in the administration of reinsurance.
We have incorporated 20 years of expertise in introducing reinsurance systems into SAP Reinsurance Plug&Play.
SAP Reinsurance Plug & Play offers:
- a pre-defined, fully functional and comprehensive process-coordinated customization for all modules
- pre-defined integrated business processes (contract administration, account processing, further processing in collections/disbursements and in the general ledger, claims settlement, etc.)
- the management of inward and outward reinsurance
- specification of type of amounts and classes of insurance according to international standards
- the use of ISO standards in other key fields (e.g. currency and country codes)
- pre-defined reporting cubes in SAP Business Warehouse including over 275 reporting objects and pre-defined standard reports (profit and loss account, run-off triangle, loss bordereaux, contract overview)
SAP Reinsurance Plug & Play is based on a proven planning and implementation template.
Benefits of SAP Reinsurance Plug&Play:
Within a short period of time, SAP Reinsurance Plug&Play helps you combine SAP Reinsurance Management with the SAP FS-RI, SAP FS-CD and SAP newGL modules effectively.
The work packages involved in introducing a new system are: Analysis of all business processes in reinsurance
- Target design of "new" processes regarding SAP Reinsurance Management
- Definition of SAP customization
- Realization of target processes in the SAP reinsurance solution
- Customization implementation.
While reducing these work packages, the implementation of SAP Reinsurance Plug&Play aligns existing processes and definitions with company-specific requirements.
SAP Reinsurance Plug&Play covers at least 80% of your business processes in the administrative reinsurance. Using pre-defined and fully functional processes, structures and definitions, instead of individualized customization, introduction costs can be reduced by up to 70%.