Northern Trust Upgrades Cloud-Based Insurance Accounting and Analytics Application
2024年4月25日 - 11:10PM
ビジネスワイヤ(英語)
Leveraging SAP S/4HANA to enable advanced data
analytics and offer valuable insights for informed decision-making
by insurance clients
Northern Trust (Nasdaq: NTRS) announced today the successful
upgrade of its SAP Financial Asset Management application to SAP
S/4HANA, which further enhances its Insurance Investment Accounting
and Analytics Services solution, developed to support the full
spectrum of investment accounting and regulatory reporting needs
for U.S. insurance companies and corporate and endowment
markets.
The upgrade incorporates Northern Trust’s interactive digital
interface with the power of SAP S/4HANA to provide an end-to-end
solution covering all investment types and reporting needs.
The advanced cloud-based interface automates and streamlines
insurance accounting and reporting processes, enabling faster
processing and reporting. One of the most significant innovations
of SAP S/4HANA is its ability to perform in-memory computing. The
redesign of database storage to prioritize transactions in a timely
and accurate manner means that stakeholders can survey more data in
less time. This means business decisions can be made with a more
holistic dataset, answering the accounting needs of insurers as
they face both heightened regulatory reporting requirements and an
industry-wide push for digital transformation.
“For Northern Trust, the move to SAP S/4HANA is more than just a
system upgrade, it’s about enhancing the digital experience for our
clients and enabling greater efficiency,” said Chris Dvorak,
Practice Executive, Asset Owners, Americas at Northern Trust. “Our
upgrade to SAP S/4HANA significantly improves reporting speeds and
sets the stage for future enhancements, including investment
related insights and analytics. This upgrade benefits our clients
by providing faster and more efficient reporting, aligning with our
commitment to innovation in insurance investment accounting and
analytics.”
The Investment Accounting and Analytics Services solution allows
insurance companies to:
- Spot trends, risks and opportunities through the ability to
view and analyze underlying data.
- Analyze data more quickly and finely by drilling down into
detailed views of the underlying data.
- View the impact of portfolio changes throughout the portfolio
by clicking through report types.
- Receive report updates faster when providing new data to the
Northern Trust team.
- Identify strategic questions with more detailed data
analysis.
“Northern Trust’s upgrade to SAP S/4HANA reflects their
commitment to leveraging cutting-edge technology,” said Falk
Rieker, Global Head of IBU Financial Services at SAP. “With
S/4HANA’s innovative in-memory computing capabilities, Northern
Trust will experience faster data access, streamlined operations
and reduced data duplications. We are excited to support them with
their insurance investment accounting operations.”
“We are thrilled to continue working with Northern Trust on
their most recent integration to SAP S/4HANA” said Vesa Kemppainen,
Executive Vice President at msg global solutions. “Our role as the
system integrator is to enhance their operational efficiency and
overall performance. Our seamless integration and tailored
solutions empower Northern Trust to achieve their business
objectives and stay competitive in the market.”
The platform’s technology is backed up by Northern Trust
Insurance Solutions’ fully dedicated service team led by insurance
accounting experts focused on clients’ unique requirements.
Northern Trust Insurance Solutions services 183 insurance clients
across the globe with $814 billion in assets under custody as of
December 31, 2023.
Northern Trust has had an unwavering and longstanding commitment
to the asset owner space for many decades. The goal within the
asset owner segment is to empower the missions of its clients,
helping them to maximize investment returns so that they may then
serve their constituents, their communities and the world.
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of SAP SE in Germany and other countries. Please see
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and notices.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider
of wealth management, asset servicing, asset management and banking
to corporations, institutions, affluent families and individuals.
Founded in Chicago in 1889, Northern Trust has a global presence
with offices in 24 U.S. states and Washington, D.C., and across 22
locations in Canada, Europe, the Middle East and the Asia-Pacific
region. As of March 31, 2024, Northern Trust had assets under
custody/administration of US$16.5 trillion, and assets under
management of US$1.5 trillion. For more than 130 years, Northern
Trust has earned distinction as an industry leader for exceptional
service, financial expertise, integrity and innovation. Visit us on
northerntrust.com. Follow us on X (formerly Twitter) @NorthernTrust
or Northern Trust Corporation on LinkedIn.
Northern Trust Corporation, Head Office: 50 South La Salle
Street, Chicago, Illinois 60603 U.S.A., incorporated with limited
liability in the U.S. Global legal and regulatory information can
be found at https://www.northerntrust.com/terms-and-conditions.
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version on businesswire.com: https://www.businesswire.com/news/home/20240425164170/en/
Europe, Middle East, Africa & Asia-Pacific:
Camilla Greene +44 (0) 20 7982 2176 Camilla_Greene@ntrs.com
Simon Ansell + 44 (0) 20 7982 1016 Simon_Ansell@ntrs.com
US & Canada:
John O’Connell +1 312 444 2388 John_O’Connell@ntrs.com
http://www.northerntrust.com
Northern (NASDAQ:NTRS)
過去 株価チャート
から 4 2024 まで 5 2024
Northern (NASDAQ:NTRS)
過去 株価チャート
から 5 2023 まで 5 2024