COMPIRICUS Newsletter June 2016

COMPIRICUS Newsletter June 2016

Dear Sir or Madam

Next week COMPIRICUS will showcase at IASA and you are welcome to visit our booth 741. Also do not hesitate to contact us in case you would like to schedule an appointment to learn more about SAP 's and COMPIRICUS's financial solutions.

Enjoy reading!

Ten-year anniversary of COMPIRICUS partnership with SAP

COMPIRICUS is marking the 10th anniversary of its partnership with SAP, which focuses on software development related to the SAP Treasury and Risk Management, SAP Financial Asset Management, SAP Loans Management and reporting applications.

View full article

COMPIRICUS at Annual Educational Conference and Business Show

COMPIRICUS will be at this year’s Annual Educational Conference and Business Show. The IASA Annual Educational Conference and Business Show will take place in San Antonio, Texas from June 12-15, 2016 and is widely recognized as one of the best educational and networking events in the industry.

At IASA COMPIRICUS is exhibitor on the Vendor Connect Tour for “Investment Systems” and “Cloud”. You will have the opportunity to see how COMPIRICUS turns SAP's FAM into an US insurance investment accounting systems using COMPIRICUS’ Statutory Reporting, Financial Adapter for Asset Manager integration, FAM specific cash clearing, Alternative Asset Cockpit etc.

A well-known US insurer has chosen COMPIRICUS's Statutory Reporting solution for a global Financial Asset Management rollouts.

Website Insurance Investment Accounting

Biotest und COMPIRICUS presenting at SAP Conference for Treasury Management

The 8th annual SAP Conference for Treasury Management will take place in Chicago on September 21-23, 2016. COMPIRICUS will be holding a presentation together with Ms. Andrea Pohl (Group Treasurer) from Biotest regarding the SAP TRM Implementation. The topic of the presentation: "SAP Treasury and Cash Management and Risk Analyzers Implementation from a business perspective".

Key learnings:

  • Learn about the project approach to implement SAP TRM and CM together with Risk Analyzer Functionality
  • Get an overview about the comprehensive system landscape in which SAP TRM and CM was embedded
  • See how optimized processes und consistent valuations of financial instruments are a benefit with increasing dynamics in treasury management

Biotest Success Story - SAP Treasury and Risk Management Implementation

Martin Möller, VP Group Finance and Treasury at Biotest AG, said:

„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.“

Success Story

Bond Issuance Management with comprehensive US GAAP amortization

Bond Issuances are becoming increasingly popular for companies to raise cash in order to finance long-term operations. Issuing Bonds are one way of raising money next to bank loans or equity issuance. But regulatory and reporting requirements are becoming complex and require adaptations to your financial software.

COMPIRICUS embedded the new amortization functionality into SAP TRM which is in productive use in the utility industry. Further implementations are scheduled for this year.

Conference Presentation Bond Issuance Management with SAP TRM

Commodity Management and IFRS9 - Easier than you think

In the paper you will find a summary of a typical process in commodity management: It demonstrates that behind the hedging of this risk category, which is still considered as "exotic" for many companies, no insurmountable difficulties are concealed - but it rather is similar to many of the processes already established in treasury management. Starting from January 2018, IFRS 9 will be mandatory and it will be easier even to do hedge accounting for companies reporting in accordance with IFRS. With the appropriate system solution like SAP for Commodity Management, and competent support in methodological and procedural issues, the introduction of efficient commodity hedging can be achieved within a few weeks and is thereby also available as a real alternative for small and medium-sized enterprises.

Download the article