Packaged Solution for IFRS 17 Reporting from ifb SE Now Available on SAP® Store

By integrating with SAP Analytics Cloud, the Packaged Solution for IFRS 17 Reporting from ifb SE delivers standardized IFRS 17 reports to customers

Cologne — November 15, 2021 — ifb SE today announced that its Packaged Solution for IFRS 17 Reporting is now available on SAP®Store, the online marketplace for SAP and partner offerings. The Packaged Solution integrates with SAP Analytics Cloud and delivers automated and reconcilable International Financial Reporting Standard (IFRS) 17 reports to customers. 

“We are excited to announce the availability of our Packaged Solution for IFRS 17 Reporting on SAP Store,” said Claus Stegmann, Co-CEO at ifb SE. ”The solution allows users to easily build the bridge between IFRS accounting and disclosure.”

The Packaged Solution for IFRS 17 Reporting consists of:
•    Pre-configured standard reports to meet IFRS 17 compliance
•    Options to enhance individual analysis and reporting items
•    An integrated data model for end-to-end trail from IFRS 17 accounting to reporting

SAP Store, found at store.sap.com, delivers a simplified and connected digital customer experience for finding, trying, buying and renewing more than 1,800 solutions from SAP and its partners. There, customers can find the SAP solutions and SAP-validated solutions they need to grow their business. And for each purchase made through SAP Store, SAP will plant a tree.

ifb SE is an SAP gold partner in the SAP PartnerEdge® program. As such, it is empowered to build, market and sell software applications that supplement and build on SAP software and technology. 
The SAP PartnerEdge program provides the enablement tools, benefits and support to facilitate building high-quality, disruptive applications focused on specific business needs – quickly and cost-effectively. The program provides access to all relevant SAP technologies in one simple framework under a single, global contract.

About ifb SE

ifb SE is an SAP gold partner in the SAP PartnerEdge® program specializing in finance and risk transformation projects at insurances and banks. For two decades, ifb SE has been an SAP partner in the financial services sector, focusing particularly on SAP solutions for insurance companies and banks, such as applications for general ledger and subledger accounting, risk and performance management, planning and simulation as well as consolidation. Thanks to our many years of experience, we are one of the world's leading providers for the design, implementation, customer-specific extension and operation of SAP products for the banking and insurance industries.

Any statements in this release that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to various risks and uncertainties described in SAP’s filings with the U.S. Securities and Exchange Commission, including its most recent annual report on Form 20-F, that could cause actual results to differ materially from expectations. SAP cautions readers not to place undue reliance on these forward-looking statements which SAP has no obligation to update and which speak only as of their dates.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.

For more information, press only:
oliver.greiner(at)ifb-group.com
bernd.mueller(at)ifb-group.com

> Website
 

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