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General Public Release Transform Finance with Instant Insight Thomas Wright Swiss Re Finance Transformation IT Lead General Public Release

Transform Finance with Instant Insight General Public Release...Transform Finance with Instant Insight General Public Release Thomas Wright –Swiss Re Finance Transformation IT Lead

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Page 1: Transform Finance with Instant Insight General Public Release...Transform Finance with Instant Insight General Public Release Thomas Wright –Swiss Re Finance Transformation IT Lead

General Public Release

Transform Finance with Instant Insight

Thomas Wright – Swiss Re Finance Transformation IT Lead

General Public Release

Page 2: Transform Finance with Instant Insight General Public Release...Transform Finance with Instant Insight General Public Release Thomas Wright –Swiss Re Finance Transformation IT Lead

General Public Release

Swiss Re at a glance

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Leading highly diversified global reinsurer

2014 Total Revenue $37.3 B Net Income $3.5 B

Founded in Zurich, Switzerland in 1863

11,000 employees worldwide

Page 3: Transform Finance with Instant Insight General Public Release...Transform Finance with Instant Insight General Public Release Thomas Wright –Swiss Re Finance Transformation IT Lead

General Public Release

3We're smarter together.

Page 4: Transform Finance with Instant Insight General Public Release...Transform Finance with Instant Insight General Public Release Thomas Wright –Swiss Re Finance Transformation IT Lead

General Public Release

Today's Challenging Environment of Finance

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Page 5: Transform Finance with Instant Insight General Public Release...Transform Finance with Instant Insight General Public Release Thomas Wright –Swiss Re Finance Transformation IT Lead

General Public Release

How did Swiss Re decide on SAP Simple Finance?

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Solution Discovery & Proof of Concept

Swiss Re tailored use cases:

1.Cost Allocation

2.Multi-valuation and multicurrency

3.Multi-dimension End-to-End Reporting

Page 6: Transform Finance with Instant Insight General Public Release...Transform Finance with Instant Insight General Public Release Thomas Wright –Swiss Re Finance Transformation IT Lead

General Public Release

How did Swiss Re decide on SAP Simple Finance?

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Conclusions

Single Source of Truth for Financial Reporting

Critical functionality, enhanced performance and product stability

were validated for Swiss Re’s Requirements

Enables Swiss Re to achieve our goal of a 5 Day Close, Simplifying

and Proactively Steering the Business

Confidence in our ability to mitigate any new product risk as a co-

innovation partner with SAP

Page 7: Transform Finance with Instant Insight General Public Release...Transform Finance with Instant Insight General Public Release Thomas Wright –Swiss Re Finance Transformation IT Lead

General Public Release

Swiss Re & SAP Partnership Example: Multi-Currency

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£

£

SF

r

$

Canadian Dollar

$ CADTransaction

Currency

UK Branch Local Reporting

Currency Ledger

US GAAP Group Reporting

€ Luxemburg Legal Entity Reporting

Swiss Re Group Consolidation

Swiss Group Solvency Reporting

Remeasurement

Page 8: Transform Finance with Instant Insight General Public Release...Transform Finance with Instant Insight General Public Release Thomas Wright –Swiss Re Finance Transformation IT Lead

General Public Release

SAP Insurance Analyzer and Finance & Risk Data Platform

What do we see on the horizon?

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Page 9: Transform Finance with Instant Insight General Public Release...Transform Finance with Instant Insight General Public Release Thomas Wright –Swiss Re Finance Transformation IT Lead

General Public Release

Summary

+

=

Swiss Re's

Industry

KnowledgeSAP

Simple Finance

TechnologySetting the new

industry standard

Page 10: Transform Finance with Instant Insight General Public Release...Transform Finance with Instant Insight General Public Release Thomas Wright –Swiss Re Finance Transformation IT Lead

General Public Release

Legal notice

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©2015 Swiss Re. All rights reserved. You are not permitted to create any modifications

or derivative works of this presentation or to use it for commercial or other public purposes

without the prior written permission of Swiss Re.

The information and opinions contained in the presentation are provided as at the date of

the presentation and are subject to change without notice. Although the information used

was taken from reliable sources, Swiss Re does not accept any responsibility for the accuracy

or comprehensiveness of the details given. All liability for the accuracy and completeness

thereof or for any damage or loss resulting from the use of the information contained in this

presentation is expressly excluded. Under no circumstances shall Swiss Re or its Group

companies be liable for any financial or consequential loss relating to this presentation.