Insurance

Infor FMS SunSystems’ single ledger solution ideally suits the multi-faceted nature of insurance broking, where nominal ledger and client, underwriter and third party accounts must be updated immediately, providing a seamless view of transactions across all ledgers. In addition, functionality to support the needs of the insurance broking industry including Pay-as-Paid, Principal to Principal accounting, the capability of processing up to five transaction currencies and the provision of summarized views of activity by Client, Underwriter and Third Party.

Infor FMS SunSystems’ open interface capability enables easy integration with general or in-house insurance front-end packages. Reporting solutions must support insurance KPI reporting not only on the basis of financial data, but also using additional data resources such as underwriting systems.