During my professional career, I’ve had the honor to work with many insurances across the globe to implement SAP Insurance Analyzer and Financial Products Subledger (FPSL).  My journey started in my late 20s when I joined a Dutch multi-line insurer, becoming part of the development team to support the creation of what is known today as FPSL.

Later, as part of msg global, I led many successful FPSL implementations worldwide, and while some clients saw the potential of the platform to be the central source of truth for all financial reporting, most used FPSL to address the pressing issue of compliance with the new IFRS 17 or LDTI regulations.

As we continue to navigate the evolving landscape of financial reporting, it's crucial to maximize the Return on Investment from your IFRS 17 FPSL implementation by cutting the costs (maintenance, testing, run) and/or increasing the scope of usage. We invite you to engage with us in updating your current IFRS 17 solution to stay compliant and unlock additional benefits for your organization.

Why Update Your FPSL Solution?  

1. Add Extra Value: Our latest enhancements offer advanced functionalities that extend beyond mere compliance. By integrating these features, you can gain deeper insights into your financial data, improve accuracy, and enhance decision-making capabilities.
   Transform your operational processes and streamline the work behind your disclosures with FPSL’s forecasting, planning, and simulation functionality.
   
   Imagine a true multi-GAAP solution where you can add local GAAP requirements or a Solvency II balance sheet to the same FPSL platform. This would simplify bridging between GAAPs, helping to satisfy stakeholders' requests for explanations of potential differences.
   For more information, please click here.
   
   
2. Cost Efficiency through Automation: To reduce your current operational costs, FPSL can automate and streamline testing and closure processes. Additionally, we can automate the distribution of process logs to the appropriate departments. This automation significantly reduces the time and resources required for manual interventions, thereby cutting costs and increasing efficiency.
   Check the links below for more information:
   
   • PACE Test Automation for FPSL
   • Mate data copy tool for FPSL
     
     
3. Existing Investments: You've already made substantial investments in your IFRS 17/LDTI infrastructure. By adding extra functionality and automating your testing and data processing, you can ensure these investments continue to yield returns through improved performance and scalability.
   
   

Engage With Us

Don't miss this opportunity to enhance your FPSL solution. Engage with us today to discuss how we can help you add extra value to your business while reducing costs through innovative automation.

Let’s work together to create a modern Finance function.