General Ledger and Financial Systems for US Insurers

Report Summary

General Ledger and Financial Systems for US Insurers

May 2017 - This report provides an overview of insurance GL/financials systems currently available to US insurers. The report contains profiles of each of 6 vendor solutions, summarizing the vendor organization, technology used, differentiators, client base, and key functionality.

Vendors included: FIS, Microsoft, Oracle, SAP SE, StoneRiver, and Workday.

Key features and components of modern GL/financial systems surveyed by Novarica include the following:

  • Chart of Accounts
  • Asset and Depreciation Management
  • Accounting
  • Financial/Annual Reporting
  • Receivables and Payables Management
  • Budgeting/Forecasting
  • Cost Allocation
  • Management Reporting
  • Additional Capabilities (Currency Exchange, Integration to Yellow Book or Statement Software, and What-If Budgeting)

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