transform finance with instant insight general public release...transform finance with instant...
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General Public Release
Transform Finance with Instant Insight
Thomas Wright – Swiss Re Finance Transformation IT Lead
General Public Release
General Public Release
Swiss Re at a glance
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Leading highly diversified global reinsurer
2014 Total Revenue $37.3 B Net Income $3.5 B
Founded in Zurich, Switzerland in 1863
11,000 employees worldwide
General Public Release
3We're smarter together.
General Public Release
Today's Challenging Environment of Finance
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General Public Release
How did Swiss Re decide on SAP Simple Finance?
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Solution Discovery & Proof of Concept
Swiss Re tailored use cases:
1.Cost Allocation
2.Multi-valuation and multicurrency
3.Multi-dimension End-to-End Reporting
General Public Release
How did Swiss Re decide on SAP Simple Finance?
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Conclusions
Single Source of Truth for Financial Reporting
Critical functionality, enhanced performance and product stability
were validated for Swiss Re’s Requirements
Enables Swiss Re to achieve our goal of a 5 Day Close, Simplifying
and Proactively Steering the Business
Confidence in our ability to mitigate any new product risk as a co-
innovation partner with SAP
General Public Release
Swiss Re & SAP Partnership Example: Multi-Currency
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£
£
SF
r
$
Canadian Dollar
$ CADTransaction
Currency
UK Branch Local Reporting
Currency Ledger
US GAAP Group Reporting
€ Luxemburg Legal Entity Reporting
Swiss Re Group Consolidation
Swiss Group Solvency Reporting
Remeasurement
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SAP Insurance Analyzer and Finance & Risk Data Platform
What do we see on the horizon?
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General Public Release
Summary
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Swiss Re's
Industry
KnowledgeSAP
Simple Finance
TechnologySetting the new
industry standard
General Public Release
Legal notice
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©2015 Swiss Re. All rights reserved. You are not permitted to create any modifications
or derivative works of this presentation or to use it for commercial or other public purposes
without the prior written permission of Swiss Re.
The information and opinions contained in the presentation are provided as at the date of
the presentation and are subject to change without notice. Although the information used
was taken from reliable sources, Swiss Re does not accept any responsibility for the accuracy
or comprehensiveness of the details given. All liability for the accuracy and completeness
thereof or for any damage or loss resulting from the use of the information contained in this
presentation is expressly excluded. Under no circumstances shall Swiss Re or its Group
companies be liable for any financial or consequential loss relating to this presentation.
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