A.S.R. Insurance drives data efficiency with SAP S/4HANA
Key Takeaways
⇨ Achieving significant reductions in processing times, RAM consumption, and system complexity, while enhancing data-driven decision-making.
⇨ The transition streamlined infrastructure management, cutting closure and renewal process times by over 50%, while ensuring SEPA compliance, demonstrating commitment to efficiency and regulatory requirements.
⇨ Leveraging a unified platform to drive future transformation and deliver enhanced value to both employees and customers.
In partnership with Capgemini, a.s.r. Insurance undertook a transformative journey from legacy systems to the SAP S/4HANA platform, driven by the need for more efficient practices and enhanced data-based decision-making capabilities. Facing challenges of maintaining database infrastructure, consolidating systems, and reducing costs while ensuring SEPA compliance, the solution involved migrating to SAP S/4HANA to introduce a unified master data source for real-time processing. This initiative yielded significant benefits, including a remarkable reduction in monthly closure and renewal performance times, as well as decreased processing time for morning batches. Additionally, there was a substantial 30% reduction in RAM consumption, accompanied by simplified data models and improved financial reporting.
The journey didn’t start with S/4HANA; it began in 2011 when a.s.r. Insurance realized the need for payment system consolidation. Partnering with Capgemini, they implemented the SAP FS-CD module and optimized data management strategies, resulting in a substantial reduction in server requirements and digital storage space. However, the success of this initiative led to exponential growth in database size and storage costs. To address this, a.s.r. Insurance expanded its collaboration with Capgemini, setting up a data archival program for SAP FICO and FSCD modules, resulting in a 50% reduction in database size, storage costs, and overall performance.
Transitioning from SAP ECC to S/4HANA in 2019 was the next logical step to future-proof operations. Divided into two stages, the migration focused on database conversion and application transition, simplifying the complex financial data model while ensuring SAP compliance. Through meticulous planning and a collaborative approach, the migration was completed swiftly, fulfilling a.s.r. Insurance’s objectives.
The transition to SAP S/4HANA not only reduced infrastructure management time but also empowered the organization for further innovation. With plans to build upon the unified data model, a.s.r. Insurance aims to simplify future migrations and pursue additional innovations. Despite challenges, such as those posed by the COVID-19 pandemic, the S/4HANA conversion was executed seamlessly, earning the highest score of 5/5 for successful implementation. This journey showcases how strategic partnerships and digital transformation can drive efficiency, agility, and resilience in the insurance sector.
Premium
