04-09-2015 12:29 PM
Hi all,
I belong to an important Spanish Insurance company, that needs to be in compliance with Solvency II regulatory, which will be mandatory as of January 2016.
We already have a SAP R/3 installation, with Treasury Risk Management. But the regulatory mentioned before goes beyond, and we need to buy other SAP Licences...¿?
At this point, I am completely lost about the minimum SAP EPM licences to buy (and therefore the cost of an ordinary implementation, 2 months?, 3 months?...6 months?.
In detail, we need to cover QRT Assets-D1 and Assets D-3, and adapt our chart of accounts for the development of the new reporting.
I have read at the SAP official site this written below:
"Implement a clear process for the creation of Solvency II quantitative reports – with our rapid-deployment software and service package for insurance. Easily collect and integrate the data needed for reports such as Report to Supervisor (RTS) and Solvency & Financial Condition (SFCR)"
In internet, I have read too, that SAP BO PCM and SAP BO DM covers the Solvency II regulatory ... and are they both absolutely necessary to sover Solvency II? and what is the difference between these SAP BO modules?
Many thanks in advance for your time!
F. Albisu
04-13-2015 10:08 AM
Hi Patxi,
at SAP we have 2 Solutions helping to address Solvency II:
So in case you calculate your risk figures already somewhere else, e.g. partially for Market Risk in SAP Treasury and Risk Management maybe 2. can serve your requirements
The solution based on BO FC and Disclosure Management was a rapid deployment solution (starter package, not under maintenance) 2-3 years ago, which is widely spread in France. (But not belonging to our solution Portfolio 2015)
Best regards
Christian Kupper
Solution Manager Insurance
04-13-2015 10:08 AM
Hi Patxi,
at SAP we have 2 Solutions helping to address Solvency II:
So in case you calculate your risk figures already somewhere else, e.g. partially for Market Risk in SAP Treasury and Risk Management maybe 2. can serve your requirements
The solution based on BO FC and Disclosure Management was a rapid deployment solution (starter package, not under maintenance) 2-3 years ago, which is widely spread in France. (But not belonging to our solution Portfolio 2015)
Best regards
Christian Kupper
Solution Manager Insurance
04-13-2015 10:26 AM
Hi Christian,
Thanks a lot for your input.
Yes I´ve heard about the rapid deploy solution based on a combination of SAP BO FC + SAP BO DM, but if it is already out of maintenance, we will try with DM to cover pillar 3.
Thanks! and best regards,
Patxi
04-13-2015 10:37 AM
Hi Christian,
About the second solution (SAP DM), you provided a SAP Note 7017764, that does not exist. Could you check the number please?
Or what do those numbers refer to?
Thanks,
Patxi
04-13-2015 10:40 AM
Hi Patxi,
just to be precise: it never was under maintenance. It was just a starter package to ease the Setup for the customers that are using both. .
BR
Christian
04-13-2015 10:42 AM
Hi Again,
as you had asked for licensing in our orginial post I added the right items in the solvency context. It´s not a SAP note, it´s the package you should pick on the solution cataloge/ Price list.
Your local SAP Account Executive can help you further.
BR
Chris
04-13-2015 10:44 AM