Accenture and Sopra Steria to Help French Insurance Group Covéa Transform Its Finance Function
The program aims to modernize and simplify the insurance group’s finance function across its three notable brands — MAAF, MMA and GMF. Together, Accenture and Sopra Steria will help Covéa converge three separate accounting systems into one integrated platform, which will better integrate with other systems across the business and improve the user experience for finance employees.
Phases of this program include deploying advanced technology tools and data models; standardizing processes; and implementing new budget-tracking software. This will enable Covéa to transform other parts of its business more effectively with a consolidated accounting platform that improves visibility and integrates with other operational processes.
The platform will be developed on SAP S/4HANA® and also uses the Accenture Finance Transformation Solution, which improves financial reporting and enables consistent data models for accounting and consolidating financial results. The solution provides pre-configured templates for standard accounting processes for faster implementation time at a lower cost. Covéa will also use Axway Accounting Integration Suite (AI Suite), which helps streamline data integration from multiple accounting systems into the new platform. The AI Suite also includes transformation rules designed in compliance with Covéa’s specific policies, handles exceptions and generates audit trails ensuring that all data delivered can be justified.
“This innovative project is an integral part of our ongoing transformation initiative,” said
About Accenture
Accenture is a leading global professional services company, providing a broad range of services in strategy and consulting, interactive, technology and operations, with digital capabilities across all of these services. We combine unmatched experience and specialized capabilities across more than 40 industries — powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. With 509,000 people serving clients in more than 120 countries, Accenture brings continuous innovation to help clients improve their performance and create lasting value across their enterprises. Visit us at www.accenture.com.
About Covéa
Covéa is a French mutual insurance group leader in the property and casualty market. It protects one in three households in
About Sopra Steria
Sopra Steria, a European leader in consulting, digital services and software development, helps its clients drive their digital transformation to obtain tangible and sustainable benefits. It provides end-to-end solutions to make large companies and organisations more competitive by combining in-depth knowledge of a wide range of business sectors and innovative technologies with a fully collaborative approach. Sopra Steria places people at the heart of everything it does and is committed to making the most of digital technology to build a positive future for its clients. With 46,000 employees in 25 countries, the Group generated revenue of €4.4 billion in 2019. Read more at www.soprasteria.com
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Elsa Estager
Sopra Steria
+33 6 29 18 39 22
[email protected]
+33 6 76 05 95 63
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Covéa
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Source: Accenture and Sopra Steria
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