NEXONTIS also offers a product portfolio consisting of four solutions:
NEXONTIS IFRS for Insurance Solution
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 Phase 2 and IFRS 9. Via regular business content updates future changes of these standards will be reflected.
NEXONTIS Solvency II Solution
NEXONTIS Solvency II Solution delivers a framework to enable transparent and auditable collection of source data with traceable processing from single policy / claim via Solvency II valuation and calculation routines, ensuring that pillar 1 data is provided quickly, effectively and transparently. Disclosure requirements can also be managed with NEXONTIS solutions, beginning with the collation of relevant data from actuarial and risk engine interfaces through to production of the necessary CP58 reports.
NEXONTIS Reconciliation Solution
NEXONTIS Reconciliation Solution assures both qualitative and quantitative data accuracy for data delivery between components of the whole insurance system landscape. Using this solution you can ensure that:
a) all data which was sent by one component was completely received by another by comparing totals, counters etc. on both sides
b) no unwanted changes were made to the data between the sending and the receiving system by comparing relevant characteristics and amounts.
NEXONTIS Data Load Solution
NEXONTIS Data Load Solution delivers software and predefined business content for the connection of SAP systems like FS-PM, FS-CM and FS-CD as well as a flexible and fast layer for the easy connection of non-SAP plicy, claims, collections, business partner and actuarial systems.