{"id":10350,"date":"2019-10-30T13:04:55","date_gmt":"2019-10-30T12:04:55","guid":{"rendered":"https:\/\/www.qintesi.com\/case-studies\/implementazione-ifrs-17-nel-settore-assicurativo\/"},"modified":"2022-05-04T18:05:45","modified_gmt":"2022-05-04T16:05:45","slug":"implementation-and-adaptation-of-sap-accounting-systems-for-the-management-of-ifrs17","status":"publish","type":"portfolio","link":"https:\/\/www.qintesi.com\/en\/portfolio\/implementation-and-adaptation-of-sap-accounting-systems-for-the-management-of-ifrs17\/","title":{"rendered":"Implementation and adaptation of SAP accounting systems for the management of IFRS 17"},"content":{"rendered":"
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Challenge<\/h4>

The project arose from the need of the Customer to adopt an SAP system for the management of the IFRS accounting principle 17.<\/p>

Qintesi was hired to define specific requirements (test cases and accounting and actuarial supply interfaces) for the management of IFRS 17 from SAP FS-CD and SAP FI-GL to SAP Financial Products Subledger (FPSL), and from technical systems to actuarial engines.<\/p>

\u00a0<\/h4>

Solution<\/h4>

The project, started in June 2018 with the use of SAP Insurance Analyzer 2.0, saw the\u00a0transition to the new SAP FPSL \u2013 Financial Products Subledger<\/b>\u00a0in progress.<\/p>

The working group\u2019s knowledge of both SAP applications has facilitated support activities for the definition of the new data model in the IT area and the methodological support aimed at deepening the principle in the Finance area.<\/p>

Qintesi demo systems (Insurance Analyzer and FPSL) were in fact used to support in-depth meetings with the managers of the activities for a greater awareness of the \u201cTo-Be\u201d solution and an immediate response regarding compliance with the specifications.<\/p>

The in-depth knowledge of the local administrative systems and the methods of interfacing with the source systems encouraged the development of accounting interfaces towards the FPSL system emphasizing in particular the importance of\u00a0having the detail data and the centrality of the SAP FS-CD system as \u201cHub\u201d for managing information<\/b>\u00a0(personal data and accounting) necessary to satisfy the information needs required for the management of the new Accounting Standard.<\/p>

The accounting interfaces analysis activity was based on the\u00a0\u201cBusiness Logic Rules\u201d model which<\/b>, by borrowing the logics used for reporting in the BI area,\u00a0allowed the mapping and timely identification of the relevant Actuals events in IFRS 17, according to paradigms known to business owners.<\/b><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Results\n<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tThe centralized model has been adapted locally<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tLocal specificities have been identified<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tLocal specificities and integration in the centralized model have been evaluated<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tInterfaces from local systems have been developed<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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    Statement<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    In an IFRS 17 project, accounting is central but the aspect of integration with supply systems is just as important. Having detailed information and finding relevant information are key aspects of the success of the project.<\/div>\n\t\t\t\n\t\t\t\t\t\t
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    \n\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t
    \n\t\t\t\t\t\t\t\t\t\t\t\t\t\t
    Giuseppe Marrapodi<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
    Senior Manager - Qintesi<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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    Le informazioni contenute in questo documento sono di propriet\u00e0.
    Copyright \u00a9 2014 Qintesi S.p.A. Tutti i diritti riservati.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

    Challenge The project arose from the need of the Customer to adopt an SAP system for the management of the IFRS accounting principle 17. Qintesi was hired to define specific requirements (test cases and accounting and actuarial supply interfaces) for the management of IFRS 17 from SAP FS-CD and SAP FI-GL to SAP Financial Products […]<\/p>","protected":false},"author":3,"featured_media":20431,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"_vp_format_video_url":"","_vp_image_focal_point":[],"footnotes":""},"portfolio_category":[],"portfolio_tag":[],"servizi-offerti":[808,809],"moduli_implementati":[317],"settore":[827],"class_list":["post-10350","portfolio","type-portfolio","status-publish","format-standard","has-post-thumbnail","hentry","servizi-offerti-digital-transformation","servizi-offerti-vertical-solutions","moduli_implementati-sap-fpsl-financial-products-subledger-en","settore-financial-services-en"],"yoast_head":"\nImplementation and adaptation of SAP accounting systems for the management of IFRS 17 - Qintesi<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.qintesi.com\/en\/portfolio\/implementation-and-adaptation-of-sap-accounting-systems-for-the-management-of-ifrs17\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Implementation and adaptation of SAP accounting systems for the management of IFRS 17 - Qintesi\" \/>\n<meta property=\"og:description\" content=\"Challenge The project arose from the need of the Customer to adopt an SAP system for the management of the IFRS accounting principle 17. 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