SAP Brief SAP for Insurance SAP Cost and Revenue Allocation for Financial Products Objectives Integrated Finance, Risk, and Profitability Management for Insurance
Gain deep business insights Gain deep business insights Consolidating and simplifying finance and risk management processes can give insurance and financial services institutions a leg up in an increasingly competitive industry. And with the power to process massive amounts of data and perform highly granular, multidimensional analysis, companies like yours can obtain valuable insights, act with greater speed and agility, and make better business decisions. Leading companies know the importance of gaining better visibility into and control over costs and revenues in today s dynamic and connected global business environment. But many organizations are lacking the capabilities needed to support efficient and effective business intelligence. Cost allocation is nothing new, of course but new technologies have transformed its potential. It can help companies like yours meet the challenges posed by decreasing investment returns, tighter profit margins, complex regulatory requirements, and mature, saturated markets. Cutting-edge solutions enable you to produce insightful analytics in real time and eliminate the need to rely on slow, inefficient batch processing and outdated information. 2 / 6
Perform highly granular, real-time analytics Perform highly granular, real-time analytics Enable flexible, user-friendly configuration and allocation With the SAP Cost and Revenue Allocation for Financial Products application and other integrated finance and risk SAP software, you can streamline risk and finance processes, connect fragmented data sources, and reduce IT and operational complexity. Thanks to the in-memory computing power of the SAP HANA platform, you can consolidate data from multiple sources, establish a solid foundation of trustworthy data, and reduce errors and duplicates. What s more, you can eliminate the need for timely data replication processes required by typical analytics solutions. SAP Cost and Revenue Allocation for Financial Products and SAP HANA enable you to process and analyze huge amounts of data in real time, conduct multidimensional analyses at an unprecedented level of granularity, and provide vital information to influence and inform business strategy. For example, you can analyze cost and profitability for individual contracts, profitability of actual contracts, and coverage based on product definitions by region or sales channel. You also can support controlling processes through analysis of actual and planned values. The application features a wide range of allocation rules that let you determine which resources have been used, who has used them, and for which products or services at the most granular level. 3 / 6
Enable flexible, user-friendly configuration and allocation Perform highly granular, real-time analytics Enable flexible, user-friendly configuration and allocation SAP Cost and Revenue Allocation for Financial Products provides sophisticated, flexible configuration and modeling functionality that is readily usable by the business department. The intuitive application and interface empowers end users, letting them explore, understand, and take ownership of the solution while cutting operational costs. Road maps guide business users through the configuration of application functions, and the application supports an iterative approach to modeling that lets you run, test, and continuously improve models based on preliminary results. SAP Cost and Revenue Allocation for Financial Products speeds configuration, allocation, and analysis processes and helps establish best practices for modeling. With the application, you can collect and enrich data, create cost drivers for allocation models, execute allocation processes, and create and share reports. You can build, change, and delete models; change parameters and assumptions; run and reuse calculation models; and use preconfigured reports to analyze and disseminate results. SAP Cost and Revenue Allocation for Financial Products includes valuable sample business content that speeds implementation and gets you up and running more quickly. 4 / 6
Empower business users and drive profitability Empower business users and drive profitability SAP Cost and Revenue Allocation for Financial Products improves decision making across the organization and enables you to act with greater speed and agility and seize opportunities ahead of your competitors. The application eliminates data and process silos and is based on a unified data foundation. Intuitive functionality puts modeling tools in the hands of business users, giving them access to invaluable information and insights without tapping into IT resources or having to wait for custom-built, batch-processed reports that are out-of-date as soon as they are run. Powered by the SAP HANA platform, the application does away with the technology limitations of traditional profitability solutions, eliminates data redundancy and duplication, and lets you perform cost and profit allocation and analysis in real time. And included sample business content accelerates deployment and time to value. Sophisticated IT architecture and solutions enable all business units and reduce complexity and costs. 5 / 6
www.sap.com Objectives Summary Connect and facilitate risk and finance processes with SAP solutions powered by SAP HANA. With the SAP Cost and Revenue Allocation for Financial Products application, you can process allocations on large volumes and perform real-time multidimensional analysis of insurance products at the highest level of granularity. You can gain valuable business insights that improve decision making and boost profit margins. Objectives Get an edge in a competitive marketplace through better cost and profitability management and analytics Connect finance and risk management processes Integrate data and overcome IT hurdles Real-time data processing and analytics and more-trustworthy data, enabled by SAP HANA Highly granular analytics and flexible, multidimensional allocation Streamlined regulatory compliance and controlling processes Improve and accelerate decision making across the organization Empower business users with flexible, intuitive functionality Reduce IT complexity, simplify operations, and increase profitability Learn more To find out more about SAP for Insurance solutions, call your SAP representative or visit us at www.sap.com/insurance. 6 / 6 Studio SAP 41243 (15/12)
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