Launching Platforms for Personalized, Behavioral, Customer-Centric Engagement in Banking and Insurance
195 results
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How to Use the SAP DLL Framework to Synchronize Foreign Exchange Rates from ECC to SAP Insurance Analyzer
Learn how to develop an end-to-end process to synchronize market data foreign exchange (FX) rates in SAP Insurance Analyzer from SAP ERP Central Component (ECC) using the Data Load Layer (DLL). Key Concept Data Load Layer (DLL) is the new strategic framework to update market data, such as exchange rates and interest rates, the Source…...… -
Inside the Value of the SAP S/4HANA for Financial Products Subledger Solution: Insurance Provider Swiss Re Teams with SAP to Take SAP S/4HANA for Financial Products Subledger to the Next Level
by Esther Shein, Contributing Writer, SAPinsider Digital transformation is paving the way for insurance companies to modernize their processes and Swiss Re, one of the world’s largest wholesale insurance and reinsurance providers, has partnered with SAP to develop and test its SAP S/4HANA for Financial Products Subledger (FPSL). This innovative solution provides concurrent accounting across multiple accounting bases…...… -
Launching Platforms for Personalized, Behavioral, Customer-Centric Engagement in Banking and Insurance
Learn how Discovery Group recently partnered with SAP to extend its offerings to provide personalized, behavioral, customer-centric engagement, journeys, and outcomes for its members. On the insurance side of the business, Discovery Health created a unique program to incentivize healthy behavior through its Vitality brand, rewarding members for their healthy living choices. On the banking… -
Swiss Re Transforms Its Reinsurance Finance Division with SAP S/4HANA Finance
The global 2008 financial crisis presented a multitude of challenges for companies in the insurance industry, including higher pressure on margins and strict regulatory reporting requirements. Swiss Re, a global provider of leading wholesale resinsurance and insurance, was not immune to these challenges. To help overcome these hurdles, Swiss Re undertook a multi-year finance transformation… -
An Overview of Canadian Payroll in SAP ERP HCM
Learn how various statutory contributions and deductions for Canadian payroll can be configured in the SAP ERP HCM payroll system. Key Concept Various technical wage types, cumulating classes, and data from tables are used in the calculation of statutory contributions and deductions for Canadian payroll in an SAP payroll system. These calculations often can be…...… -
Reducing Risk, Cost and Complexity for Zurich Insurance
To reduce costs and improve efficiency, Zurich Insurance Group embarked on a Finance Transformation Program that involved consolidating 23 legacy SAP systems into a single production instance. As a multi-year, multi-wave program Zurich needed a reusable migration solution and methodology for future waves. Read this case study to learn how Zurich Insurance leveraged automation, rebuilt… -
5 Steps to Set Up SAP HCM Configuration for Imputed Income Calculation
Understand how standard SAP configuration can be implemented and tested for imputed income calculation. This guide explains the key configuration steps required to set up the imputed income calculation related to configuration and validation in the payroll results table. Key Concept Section 79 of the US Internal Revenue Code (IRC) requires employers to calculate taxable…...… -
How to Define and Configure Benefit Salary
Quite a few steps are required to configure benefit salary and they are spread throughout the IMG. If you take the time to identify all of the criteria that can affect benefit salary and implement configuration and customer enhancements to automate your rules, then you can have a system that accurately calculates insurance coverage amounts…...… -
New York Life Plans Bright Future for Finance
New York Life Insurance Company, one of the largest life insurers in the world, is responding to the dramatic changes sweeping through the business world by accelerating its evolution into a more agile enterprise. In particular, the organization is speeding up analytics for real-time insight and improving process efficiencies around data access and management. Discover… -
Payroll and Benefits Integration: Understanding Evaluation Dates
In benefits, cost information is presented in terms of expected or estimated amounts. A complex set of factors comes into play during payroll processing that can cause the actual deductions to be different. This article examines the integration between payroll and benefits so that you can explain to your end users why this happens. In…...…
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