Drive financial transformation with SAP S/4HANA-based subledger solutions and Birlasoft to achieve seamless compliance and analytical precision.
In the recent changes introduced by the IFRS, accounting requirements are converging across several key topics. These changes will unarguably elevate finance outcomes for all stakeholders in the long run. However, companies face significant challenges during the implementation of IFRS 9 and IFRS 17, as they move to this subledger solution. Data streamlining and standardization of new processes can be a challenge but ultimately, it will enhance and optimize financial performance.
Birlasoft’s experience with specialized SAP S/4HANA-based subledger solutions which are designed to transform your finance operations, ensuring IFRS compliance, and delivering enhanced financial analytics in this regulatory landscape.
Overview
Amidst complex financial regulations like IFRS 9 and IFRS 17, CFOs have faced rising complexity in maintaining compliance, ensuring accurate financial reporting, and integrating vast amounts of data across multiple GAAPs. The new regulations demand adherence to new accounting standards while simultaneously generating transparent, comparable financial statements across global operations.
Birlasoft helps you realize these outcomes with SAP financial accounting solutions, reporting automation, IFRS 9 and IFRS 17 implementation support. Our financial transformation teams bring extensive expertise in technical requirements of IFRS compliance, and help you exploit the capabilities of industry-leading SAP solutions for IFRS implementation.
- We advance your IFRS 9 compliance by ensuring accurate subledger accounting for financial instruments, incorporating fair value assessments, accruals management, and seamless reconciliation processes. In addition, we provide comprehensive support for master data and process record derivations, ensuring your financial operations are both precise and compliant.
- We also empower precise subledger accounting for insurance contracts, incorporating unearned profit and Contractual Service Margin (CSM) realization in compliance with IFRS 17. We help you deploy general measurement models, including the Premium Allocation Approach and Variable Fee Approach, to ensure accurate profit recognition, cash flow management, and risk adjustments.
With our services, we help you build a centralized accounting rules engine, scalable data models, and seamless integration with SAP S/4HANA, enabling you to:
- automate financial processes,
- enhance cash flow analysis, and
- improve profit and loss visibility.
Value Proposition
End-to-End Financial Integration
Robust integration with SAP S/4HANA to orchestrate consistent data flow across general ledger and subledger systems for accurate financial reporting and consolidation.
Accelerated Implementation with FPSL CoE
Our FPSL Center of Excellence employs reusable templates and accelerators, to speed up the implementation of complex multi-GAAP accounting models, reducing time-to-value.
Comprehensive Analysis and Reporting
Automate key processes and enhance subledger capabilities, to improve cash flow analysis and profit recognition. Achieve actionable insights with SAP Analytics Cloud.
Advanced Data Management
Apply scalable data models and SAP HANA’s advanced data volume management capabilities, to efficiently handle large data sets while supporting complex analytics and reporting.
Strategic Finance-Risk Alignment
Our specialized approach integrates the financial, risk, and actuarial functions, to align financial operations with evolving regulatory demands and market dynamics and drive sustainable growth.
Solution Features & Benefits
Overview
Efficiently manage and migrate large volumes of data from legacy systems to modern SAP S/4HANA environments with our scalable data model designed for advanced data volume management.
Features
- Migrate data from outdated legacy systems to SAP S/4HANA subledger solutions.
- Scalable data model to support advanced S/4HANA data volume management and seamless integration.
- Comprehensive data handling processes ensure accuracy and consistency throughout the migration.
Benefits
- Accelerate your transition to industry-leading capabilities with SAP FPSL.
Overview
Ensure your business meets stringent IFRS 17 and IFRS 9 requirements, and align financial reporting with evolving regulatory standards.
Features
- Expert implementation support for IFRS 17 and IFRS 9 with SAP FPSL.
- Customized reporting automation tools to enhance financial data accuracy.
- In-depth impact analysis to map IFRS 17 and IFRS 9 impact on business performance.
Benefits
- Complete regulatory compliance with streamlined processes.
- Enhanced financial decision-making with data transparency.
- Insights to drive sustainable growth and profitability.
Overview
Integrated solutions to unify finance, risk, and actuarial functions and create a cohesive financial management strategy.
Features
- Optimize finance and risk management processes to improve operational efficiency.
- Advanced ratio analysis tracking to cover liquidity, solvency, profitability, and activity ratios.
- Customizable dashboards to provide real-time insights into key financial metrics.
Benefits
- Strategic financial steering in alignment with market dynamics.
- Improved risk management and financial planning with integrated analysis.
- CFO empowerment with comprehensive ratio analysis and tracking.
Overview
Tailored solutions for the insurance sector, ensuring accurate and efficient financial management across all key insurance domain ratios.
Features
- Subledger accounting purpose-built for insurance contracts, with comprehensive tracking of claim settlement ratios, commission expense ratios, persistency ratios, and incurred claim ratios.
- Support for general measurement models, including Premium Allocation Approach and Variable Fee Approach.
Benefits
- Precise financial reporting and compliance within the insurance domain.
- Improved profitability and cash flow management with robust financial models.
- Performance improvements with targeted ratio analysis and financial insights.
Overview
Powerful ratio analysis tool for insights into organizational performance. This one-stop solution is built on SAP Cloud Analytics platform and enables strategic decision-making through granular insights and anomaly detection.
Features
- Industry-agnostic tool compatible with all SAP ECC versions.
- Build custom Ratio KPIs, set benchmarks, and validate them for strategic financial oversight.
- Advanced AI/ML capabilities in SAP Cloud Analytics for anomaly detection and deep data insights.
- Drill down to the document level for detailed analysis across all business functions.
Benefits
- Enhanced control over financial operations with comprehensive ratio analysis.
- Identify strengths and weaknesses of your organization with precision.
- Improve tactical decision-making with real-time, data-driven insights.
Why Birlasoft
- Expert-led finance transformation: 25+ strong team of SAP FPSL consultants bring deep industry expertise with advanced technology and skill proficiency to drive seamless IFRS 9 and IFRS 17 compliance for global enterprises.
- Automated reporting and financial analysis: We help you infer and analyze financial metrics, build customizations, and deepen your understanding of Key Financial Ratios (KFRs) by mapping IFRS 9 and IFRS 17 impact on business performance.
- Unmatched SAP credentials: Birlasoft is an SAP Gold Partner, and a co-innovation partner with SAP Labs, which enables us to bring insider perspectives in finance transformation and evolving digital capabilities.
- High RoI and fast payback: With accelerators to implement multiple measurement models and reusable templates to automate accounting processes, we deliver finance transformations with high RoI and quick payback.
Start your financial transformation journey with Birlasoft and elevate your financial operations.
Our SAP Fioneer experts are ready to work with you.