Initial Situation
A leading provider of reinsurance, insurance and other insurance-based forms of risk transfer introduced a cost accounting system based on Oracle’s General Ledger technology.
Solution
- Defined future business processes for a new cost accounting system and chart of accounts, following USGAAP
- Implemented General Ledger following AIM
- Delivered project ten days earlier than agreed in scope
- Improved current and future business process baseline regarding the cost allocation of all administration costs within the company for actual and budget figures
- Implemented management reports using Oracle Financial Statement Generator
Result
Achieved successful cost accounting implementation with corresponding management reports.
