Capability

The Axon Insurance group has built a strong capability in SAP Financials for Insurance package (SFI). This application is built to meet the insurance industry’s most rigorous needs for enterprise resource planning (ERP). Its core functions have been tested by the world’s largest and best-run insurers. At the same time, the package offers a fixed project scope and timeline that makes it particularly useful for smaller insurers, who face similar challenges with fewer resources and tighter IT budgets.

SFI can interface to existing legacy systems, or integrate with all or part of the native SAP Insurance functionality that extends from policy management to disbursements. Either way, it combines integration with a control environment capable of supporting the highest standards of corporate governance to provide the following functionality:

• Multi-dimensional General Ledger
• Multi-GAAP GL
• Integrated Management Accounting
• Integrated sub-ledgers

SAP’s Industry Solution for Insurance

SAP’s core insurance modules (Policy and Claims Management, Commissions, Reinsurance, and Collections and Disbursements) are available to create a complete and integrated front-office insurance solution.

Other Solution Components

Other functional components available include HR, purchasing and e-procurement, CRM, payrolls, all fully integrated with the core SFI components. SAP operational environment has embedded technologies designed to facilitate integration with third-party and legacy applications, using a variety of interface types and workflows.

Implementation Methods

Axon supplies SAP Financial's for Insurance with deployment tools and methods, from education materials to project management toolkits, which are designed to define the quality and success criteria of an SFI implementation, optimise the functional deployment, accelerate the payback of investment and minimize the business risk. Our consultants are experienced in using these technologies to accelerate integration on projects.