COMPIRICUS Master Data Derivation Tool for SAP FS-SR-AT

Add-on for the fully automatic generation and verification of your securities reporting master data

Thanks to the automated derivation of reporting master data, FMA reporting for Austrian insurance companies is quick and easy

The COMPIRICUS master data derivation tool for SAP FS-SR-AT is a software solution that enables insurance companies in Austria to generate and check their securities reporting master data automatically. As a user of the add-on, you benefit in three ways:

  • You reduce the maintenance effort significantly.
  • You have error-free data.
  • You gain precious time.

Why the Add-on is indispensable

For the DUEVA-26.0 reporting to Financial Market Authority (FMA) must report master data can be maintained in the securities account position indicator. Although the regulatory reporting indicators can be predefined on the product type level, a consistent derivation of the regulatory reporting indicators is not automatically possible in the SAP standard.

In many insurance companies, it is common practice to maintain the reporting codes manually or by means of preassignment. Thereby inconsistent data constellations or maintenance errors often occur, as the following example impressively shows:

Bonds and other loans to affiliated companies according to balance sheet item BA_1110 in DUEVA field F072 are assigned the identification code "special forms of participation" in DUEVA field F106. The correct code X16 (no participation) instead of the correct code X98 (other participations than under point 3, which are an investment instrument), which fits the balance sheet item BA_1110.

Such inconsistencies, caused by manual maintenance errors, are eliminated by automatic derivation using the derivation tool. With the COMPIRICUS master data derivation tool you can derive the following data by means of adjustment report will unerringly detect such errors. If there is an error, it is displayed and can be corrected. 

The correct derivation is saved once and then automatically executed again and again. Manually generated errors then belong to the past. 

Result: You can be sure of a uniform, clean database. The tool also makes it easier for you to adapt to new requirements in the event of possible reporting novels.

How does the add-on work?

COMPIRICUS has defined and preconfigured a set of derivation rules based on the SAP tool KEDR for the automated derivation of reporting indicators. This enables the relevant reporting master data to be derived from the stock indicator. The concrete preconfigured derivation rules can be easily adapted to the respective customer situation, maintained and be transported.

In addition to the derivations, a program is provided which checks all securities for the stored derivation with regard to their characteristics. This enables a consistency check of the already stored indicators.

Solution Highlights

After the implementation of the COMPIRICUS master data derivation tool for SAP FS-SR-AT, the automatic derivation or preassignment of reporting indicators is carried out within the following processes: 

Automatic creation of the stock indicators:

If the position indicator is created automatically during the creation of a financial transaction, the reporting master data is derived automatically.

Manual creation of the stock indicator:

If the position indicator is created automatically during the creation of a financial transaction or security (securities account position indicator), the Reporting master data automatically derived and created based on the set of rules, whereby the target fields of the reporting master data are customer-specific can be defined and configured.

Manual creation of regulatory reporting master data using transaction ISSR_TA_ADMIN:

The reporting master data is predefined using the derivation and can be changed if necessary.

Your Benefits

With the help of the COMPIRICUS derivation rules and regulations, reporting master data can be derived automatically. This reduces both the manual effort and the likelihood of error in your data; you can be sure of consistent data. At the same time, you can look forward to an increase in valuable working time, because the COMPIRICUS master data derivation tool relieves you of tedious maintenance work.

As part of the development cooperation with SAP, the following country solutions are already in productive use: