FIS Insurance Accounting Suite is a comprehensive general ledger and financial management solution specifically designed for insurers, providing a streamlined and automated system for all accounting and reporting needs. This suite empowers corporate finance professionals to efficiently develop financial statements and reports, construct budgets and forecasts, and accurately track allocations across the entire enterprise. Its intuitive interface ensures that data can be quickly imported and critical reports are easily accessible. The solution centralizes financial data, streamlining accounting and reporting processes, and offers real-time access to aggregated or drilled-down views of data across the business, significantly improving information accessibility. It is built to support change and growth, allowing for the easy addition of new products and lines of business as an insurer's strategy evolves. Furthermore, it enhances decision support by enabling informed choices based on the ability to determine the profitability of new ventures. The suite also integrates specialized modules, such as a unified platform for IFRS 17 compliance, allowing direct posting of journal entries from actuarial results to meet reporting and disclosure requirements without duplication. Another module automates accounts payable workflows, capturing and routing invoices for approval and payment, integrating them for processing within the suite.

Features & Benefits

• Streamlined Accounting & Reporting
  • Centralizes financial data to streamline insurance accounting and reporting processes.
• Real-time Data Access
  • Provides real-time access to aggregated or drilled-down views of data across the business, improving information accessibility.
• Adaptability & Scalability
  • Facilitates easy addition of new products and lines of business, supporting strategic changes and growth.
• Enhanced Decision Support
  • Enables informed decision-making by allowing determination of profitability for new ventures.
• IFRS 17 Compliance
  • Offers a single, unified platform to post journal entries directly from actuarial results, meeting IFRS 17 financial reporting and disclosure requirements without duplication.
• Automated Accounts Payable Workflow
  • A module that automates the capture and routing of hard copy invoices for approval and payment, integrating them for processing within the suite.