Systemorph Vertex is the right technology for IFRS 17 implementation
The Systemorph Financial Reporting for Insurance module is our solution for IFRS 17. It addresses the main technical aspects and provides the right framework for an efficient implementation of IFRS 17. Thanks to the rich set of features included, it allows for an ultra-rapid development of the content and it is able to efficiently address the cost and timeline issues associated with IFRS 17. With the Systemorph Vertex solution, insurers can focus on the content, and not spend resources on IT. This is a running solution tested with costumers in PoC.
Data management is the main cost component
Leading consultancy firms say IFRS 17 will emerge as one of the biggest operational challenges insurers face to date. These challenges are not merely accounting topics, but fundamentally related to infrastructure and data integration. Insurance companies will have to redesign processes and systems to adjust how data is being produced, collected, stored, distributed and analyzed. Most of the IFRS 17 costs and effort stem from adapting the infrastructure, and Systemorph Vertex can significantly decrease all the associated costs.
Possible areas of application of Systemorph Vertex
Systemorph Vertex is flexible and versatile. Because it is custom made to your needs, it can be used in several areas within your organization. We offer the Financial Reporting for Insurance module under the CaaS model (as a service), or running on premise (depending on your preference and company policy).
Contact us for a live demo and a discussion to define the solution fitting your needs.
Get your PoC in 2 months at a fixed price! It includes all IFRS 17 financials calculated on your portfolio, impact assessment, integration, etc. Just call us or write us an email:
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Phone: +41 44 500 5068