References

Biotest AG implementing SAP Treasury: More efficient integration of accounting and bank partners

„We decided to roll out TMS in order to meet increasing statutory requirements and to improve the efficiency of our treasury processes. With the professional support provided by COMPIRICUS and its tailored fair-value measurement solutions, we were able to achieve this goal.“ (Martin Möller, VP Group Finance and Treasury)

Initial Situation

After a comprehensive selection process, Biotest AG decided to roll out SAP Treasury. This was followed by an analysis, development and implementation process lasting several months. Working with its advisor COMPIRICUS, Biotest AG was able to map the treasury processes used by the group‘s domestic companies optimally within the SAP software.

Challenge

Particular attention was paid to automating data entries, monitoring international payment flows and tracking the group‘s various hedging and financing instruments in accordance with IFRS and German GAAP requirements. With the roll-out of SAP Treasury, Biotest AG has now taken a decisive step forward in the implementation of a consistent finance system and process landscape, successfully executing this in its IT processes.

Solution

In particular, an SAP add-on was implemented to calculate and evaluate DVA and CVA for all derivative financial instruments (foreign-currency forwards and interest-rate swaps) as of the reporting date in accordance with IFRS 13 „Fair Value Measurement“.

Benefits

• Consistent treasury system landscape
• Closer interlinking of internal units and external partners
• Lower costs and resource requirements thanks to increased level of automation

Berücksichtigung des BGB-Kündigungsrechts (§ 489 BGB) bei der Bewertung von Hypothekendarlehen

„COMPIRICUS setzte die gesetzlichen und kundenspezifischen Anforderungen zu unserer vollsten Zufriedenheit um und unterstützte uns während des Projekts mit ihrem Know-how. Die Zusammenarbeit war jederzeit professionell und lösungsorientiert.“ (Michael Sprößig, IT Koordination, ERGO Versicherungsgruppe AG)

Ausgangslage

Der SAP-CML-Standard bietet keine Möglichkeit, das gesetzliche Kündigungsrecht (§489 BGB) bei der Bewertung des Hypothekenbestands zu berücksichtigen. Da ERGO den Hypothekenbestand in SAP CML verwaltet, hatte die Versicherungsgruppe bei der monatlichen Hypothekenbewertung keine Möglichkeit, die BGB-Kündigungsoptionen in die Bewertung einzubeziehen.

Herausforderung

Benötigt wurde ein Programm für SAP CML, das den Wert des BGB-Kündigungsrechts für jeden Vertrag präzise ermittelt und diesen in die SAP-Standardbewertung des jeweiligen Hypothekenvertrags einbezieht.

Lösung

In Zusammenarbeit mit ERGO hat COMPIRICUS im November 2015 die Entwicklung der Lösung für SAP CML abgeschlossen, die die Bewertung von Hypothekendarlehen mit einer BGB-Kündigungsoption anbietet. Nach der Implementierung der COMPIRICUS-Lösung steht der ERGO Versicherungsgruppe die Möglichkeit zur Verfügung, das BGB-Kündigungsrecht bei der Hypothekenbewertung zu berücksichtigen. Zusätzlich erlaubt es die Lösung, die neuen Barwerte in die Berechnung von Convexity und Duration einzubeziehen.

Kundenvorteile

• Das gesetzliche Kündigungsrecht (§ 489 BGB) kann in die Bewertung des Hypothekenbestandes einbezogen werden
• Transparente, nachvollziehbare Lösung: Nach der Bewertung kann ein Detailprotokoll mit Zwischen- und Endergebnissen der produkteigenen Bewertung angezeigt werden
• Erfüllung der Anforderungen der Wirtschaftsprüfer
• Ergebnisse der produkteigenen Berechnung fließen nahtlos in die SAP-Auswertung ein

EMIR (European Market Infrastructure Regulation):
Schaeffler Group Starts Reporting on Time and in a Fully Automated Way

As one of the first companies, and just in time prior to the due date, the Schaeffler Group reports – all existing derivatives – fully system-supported via SAP to REGIS TR.

The platform used for this purpose has been created in collaboration with the Düsseldorf-based IT consulting firm COMPIRICUS.

Schaeffler’s corporate treasury had insisted on meeting the regulatory requirements without compromise. Regardless, it was a pleasant surprise for all project participants that an error-free, stable application including backloading was implemented in due time even prior to go-live (February 10, 2014).

In order to realize the goal within this short period of time, professional expertise with regards to the EMIR requirements was needed along with prior knowledge of the specific SAP solution for EMIR still in the process of maturing at that time.

SAP is offering EMIR a solution that can be implemented from EHP5 on as an integrated module in SAP TRM. The system produces a message in XML format with the complete required information. Responses from trade repositories can be imported. A monitor is available for the user to track the status of a message. The StepStream adapter is used for transporting messages via middleware.

Consequently, now the Schaeffler Group on the one hand has a professional EMIR solution, while on the other hand Schaeffler is one of the few companies no longer reporting manually, but in a fully system-supported way. This guarantees messages with high-quality content.

Precisely fitting interface between SAP TRM and front office system PMS

„The utilization of the COMPIRICUS Financial Adapter allows us to merge front office and KAG data from separate systems into SAP TRM in a time- und resource-saving manner. The supply of internal and external reporting systems and subsequent controlling systems is therefore assured with high quality.” (Ralf Wehning, SIGNAL IDUNA Group, Application Development for Asset and Controlling Systems)

Initial Situation

SIGNAL IDUNA Group needed an interface solution that connects their front office system PMS with SAP TRM, as well as the opportunity to import all necessary data from externally managed funds into SAP TRM.

Challenge

Aside from the import of market, master and transaction data, these complex integration scenarios also required the export of SAP data. In addition to various checks such as the decision regarding “Creation, Edit or Cancellation of a transaction”, data needed to be transformed and in parts stored temporarily, as supplying systems provided master data which are not needed until the creation of an OTC transaction in SAP TRM.

Solution

In 2007, COMPIRICUS has implemented its multi-talented interface COMPIRICUS Financial Adapter® for the management of several interfaces at SIGNAL IDUNA. Since then, it enables different and partially complex integration scenarios correctly and broadly automated.

Benefits

• Precisely fitting interface between SAP TRM and front office system PMS
• Import of all single owner funds data for internal and external reporting
• High stability and minimal maintenance costs
• Time and cost savings through automation
• Framework with potential for further interfaces

COMPIRICUS maps real estate in the BaFin reporting module FS-SR-DE for “Die Stuttgarter”

„COMPIRICUS has integrated real estate from SAP Asset Accounting (FI-AA) into the SAP regulatory reporting module for Germany FS-SR-DE. In doing so, we have created the conditions for effectively meeting the regulatory reporting requirements for capital investments from a single source.“
(Stuttgarter Lebensversicherung a.G.)

Initial Situation

Insurance companies are required to report their capital investments to the German Federal Financial Supervisory Agency (BaFin) in order to meet regulatory requirements. Stuttgarter Lebensversicherung a.G. creates BaFin reports for capital investments using the SAP reporting module FS-SR-DE and the SAP Financial Asset Management modules TRM and CML.

Challenge

The objective was to integrate real estate investments from Asset Accounting (FI-AA) in the reporting module FS-SR-DE in accordance with the regulatory requirements. SAP offers the RE Classic and REFX modules for this, but these are not used at “Die Stuttgarter”. The FI-AA module therefore needed to be connected via a customer-specific enhancement.

Implementation by COMPIRICUS

SAP Asset Accounting has been integrated into the FS-SR-DE reporting module. To achieve this, the existing interfaces to Real Estate Management (RE) were replaced by a customer-specific connection to Asset Accounting (FI-AA).

Customer Benefits

• Mapping of real estate from SAP FI-AA (without the SAP RE module)
• Modification-free integration into the FS-SR-DE regulatory reporting module
• Excel import for reporting master data and real estate market values

VHV Group connects SimCorp Dimension and SAP TRM with the help of the COMPIRICUS Financial Adapter®

„The COMPIRICUS Financial Adapter® reliably, and fully automatically, transfers our capital investments master data and operations from the front office system to the inventory management system. This provides us with a highly efficient process. We would like to express our thanks to COMPIRICUS for their professional and proficient collaboration.”
(Carsten Böttcher, Back Office Manager at WAVE Management AG, a subsidiary of the VHV Group)

Starting Situation

As asset manager of the VHV Group, WAVE Management AG had the task to introduce SimCorp Dimension as the front office system in asset management. Inventory management, reporting and bookkeeping were, however, to continue to be effected by SAP.

Challenge

To prevent multiple data capture for both systems (different data models) an interface was required enabling fully automatic event-dependent data exchange which is, above all, in validated quality.

COMPIRICUS Solution

As a solution at the VHV Group COMPIRICUS has implemented its tried and tested interface product “COMPIRICUS Financial Adapter®”. To this end, the widespread SimCorp data format was assessed and a mapping was created for SAP TRM. In cooperation with SimCorp, the various import and export interfaces required were created to ensure bidirectional data flow between the systems. Moreover, the data can be automatically adjusted and the required follow-up processes started.

Customer Benefits

• Precise interface between SAP TRM and SimCorp Dimension
• Guaranteed high data quality
• Time and cost savings as the result of minimum expenditure for data capture
• Event-controlled, fully automatic data exchange

Using the COMPIRICUS Financial Adapter®, Statoil combines SAP TRM with Bloomberg AIM

„We are very happy with COMPIRICUS, the Financial Adapter and its implementation, which was done in a very professional and routinely manner.“
(Timm Erbach, former Product Owner Treasury & Payments, Statoil ASA)

Starting Point

It is advisable to connect the front office system AIM to SAP TRM as soon as possible in order to transfer transactions of securities, currencies, money market, and OTC derivatives from Bloomberg AIM to the SAP TRM system.

Challenge

When it comes to complex matters of integration, SAP-PI is missing an SAP TRM adapter to process Bloomberg AIM data and import them to the SAP TRM system. In addition to numerous assessments such as the decision “Creation or Amendment of Transaction,” data must be transformed because Bloomberg AIM delivers two transactions during, for example, SWAP while SAP TRM displays data as one transaction.

Implementation by COMPIRICUS

Use of the COMPIRICUS Financial Adapter® addressed in this SAP-PI instance. Consequently, the use of the existing Bloomberg AIM export page, which was already fairly well developed at the time, could be continued. The required SAP TRM logic could be correctly adapted.

Customer Benefits

• Timely completion of project
• Customized interface between SAP TRM and Bloomberg AIM
• Time and costs saved through automation
• Convenient troubleshooting with message monitor
• Framework for realization of additional interfaces