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)