NEXONTIS IFRS for Insurance Solution delivers software and predefined business content for the external accounting of insurance products and acts as a subledger to feed General Ledger and Business Warehouse systems with its results. It includes newest accounting evolvements like IFRS 4 Phase 2 and IFRS 9. Via regular business content updates, future changes of these standards will be reflected.

 

NEXONTIS IFRS for Insurance Solution is based on SAP FS-APPL® and thus gains from the mature and mass data compliant Integrated Finance&Risk Architecture platform (IFRA), which is used already by 100+ banks of all sizes including Deutsche Bank, Commerzbank, National Australian Bank, etc.

 

NEXONTIS IFRS for Insurance Solution can be integrated with SAP and non-SAP in-force systems (see NEXONTIS Data Load Solution) and can be reconciled throughout the whole customer system landscape (see NEXONTIS Reconciliation Solution).