Swiss Re has implemented Microgen Accounting Hub and Microgen Aptitude, to consolidate and standardize its accounting environment for asset management. Microgen is a UK-based IT services and solutions provider.
Using a rules-based finance system, the Microgen Accounting Hub allows the company to collate accounting information from separate systems across the business that can then be standardised on one platform. By supporting multiple accounting standards across most currencies, the Microgen Accounting Hub delivers financial transparency at both an enterprise-wide and departmental level, claims Microgen.
Microgen Aptitude will be working alongside the Accounting Hub at Swiss Re, which will enable Swiss Re to create IT infrastructure that is supportive of both business and market changes.
Christian Behek, head of AM and RM IT solutions at Swiss Re, said: “Like many financial institutions, our business is exceptionally data driven. We wanted to ensure that we have the right processes in place to ensure an accurate view of both our businesses and the financials underlying them.”