Download SAP`s Financial Asset Management

SAP’s Financial Asset Management
“One System for All Investible Assets”
Challenges
The current environment for insurers is difficult due to
the growth in the complexity of investments, more
robust financial reporting and a lack of investment
return making it difficult to fund enhancements.
SAP’s FAM provides an opportunity for a scalable,
robust solution to insurers’ challenges. Over 90 Insurers world-wide use FAM to meet the current challenges.
Initial Situation
SAP Financial Asset Management (FAM) is an integrated position management and investment accounting
solution for:






Securities
Partnerships
Money Market Instruments
Loans / Mortgages
Foreign Exchange Transactions
Derivatives
SAP FAM provides for a high integration into SAP
Financials (G/L). SAP FAM furthermore provides
reporting and analyzing possibilities for market and
credit risks as well as performance measurements.
Together with SAP’s RE-FX solution for real estate
management and FAM’s’ US Statutory Reporting
package, SAP FAM provides an asset management
application designed for the insurance industry for all
major investment areas.
For over 15 years, SAP FAM has been successfully
implemented all over Europe, Asia and in the US
market.
Our Approach
With our long and deep experience COMNSERV looks
to reduce risk and cost of a SAP FAM implementation
and Cloud operation afterwards. We provide integrated
solutions designed for the insurance market based on
SAP FAM.
We start with a feasibility study to define the complexity
of the implementation project. The feasibility study
analyzes your current situation and designs the future
processes of your organization. This leads to measurable results for the realization phase and later for the
daily operation.
COMNSERV has worked on many of the 160 FAM
Implementations world-wide, We have developed best
practices and several rapid deployment solutions
around FAM. Tools that are embedded into the SAP
FAM solution include the Financial Adapter which
allows integration with outside providers such as market
data providers and custody banks.
If our standard solution does not meet a specific requirement and extensions are necessary, we provide
easy to maintain add-ons or adjustments.
Implementation
We support implementations in all aspects of:

Functional and technical concepts

Customizing and Configuration

Data Conversion

Report Design and Realization by means of
various SAP tools (SAP BW, Business Objects,
ALV)

Go live support

Permanent support for daily operations as an
extension of your SAP Competence Center
With COMNSERV’s focus on asset, risk and treasury
management for Insurers, we are the qualified partner
for functional (e.g. investment accounting according to
STAT, GAAP, TAX, IFRS and several European local
specialties, investment forecasting and controlling) and
technical topics (e.g. ABAP/OO developments).
References
COMNSERV team members were involved in the initial
development of this application with SAP. In addition,
we are heavily engaged with the NAIC regarding
regulatory reporting. We have an SAP FAM background
“from the very first line of coding”. Today we are an
SAP Service and Development Partner with global
cooperation in the area of statutory reporting for insurance companies.
Our clients are among the largest and most significant
insurance companies and financial institutions in Europe, Asia and the US market. Many are multinational
institutions who are using FAM as a shared platform for
investment management in multiple countries with
many GAAP and statutory reporting requirements in
parallel.
SAP FAM Add-Ons


External “Fund-look-through” integration into
investment accounting according to GAAP or IFRS
requirements
Partnership Management Cockpit
Contacts
COMNSERV Inc.
Jorg Pappert, Scott Ferrante
470 Atlantic Avenue, 4th Floor
Boston, MA 02210
Tel:
+1 617 273 8117
E-mail:
[email protected]