Centralized database for integrated financial processes, providing a single point of truth for insurance operations.
SAP FPSL creates a standardized, central database that bridges operational, analytical, and financial processes in insurance. It serves as a single source of truth for financial data, supporting regulatory reporting and comprehensive financial management for insurers.
Feature List
- Centralized financial database
- Integrated process support
- Regulatory reporting tools
- Financial management features
- Data consistency across systems
- Audit trail and compliance support
Use Case Scenarios
- A multinational insurer implements FPSL to standardize financial reporting across different regions.
- An insurer uses FPSL to streamline regulatory reporting processes and ensure compliance.
- A large insurance group leverages FPSL to gain a holistic view of financial positions across different lines of business.
Functionality Overview
SAP FPSL operates as a central financial hub for insurance operations. It consolidates financial data from various operational systems, ensuring consistency and accuracy. The solution supports complex financial calculations, generates regulatory reports, and provides a comprehensive view of the insurer's financial position. Its integration capabilities allow for seamless data flow between operational and financial systems.
