Swiss Re Goes Live with Global Microgen Implementation

London - 20 July 2010

Microgen has today announced that Swiss Re, a leading reinsurer, has successfully gone live with the Microgen Accounting Hub and Microgen Aptitude. The worldwide deployment is a key element of Swiss Re’s drive to consolidate and standardise its global accounting environment for asset management.

Using a rules-based finance system, the Microgen Accounting Hub allows the company to collate accounting information from separate systems across the business that can then be standardised on one platform. By supporting multiple accounting standards across most currencies, the Microgen Accounting Hub delivers financial transparency at both an enterprise-wide and departmental level.

Microgen Aptitude (Microgen’s Business Process Management Suite) is working alongside the Microgen Accounting Hub at Swiss Re to create an agile IT environment. Its unique graphical interface and user friendly development environment enables business processes to be rapidly amended, enabling Swiss Re to create a more agile IT infrastructure that is supportive of both business and market changes.

“Like many financial institutions, our business is exceptionally data driven. We wanted to ensure that we have the right processes in place to ensure an accurate view of both our businesses and the financials underlying them,” said Christian Behek, Head AM & RM IT Solutions, Swiss Re.

“Financial transparency from general ledger balances through to the underlying transactions across the enterprise is now a must have for financial service organisations. Microgen has invested to ensure we are able to provide this transparency to companies like Swiss Re to help them better manage their business,” said Elizabeth Sipiere, managing director EMEA and Asia Pac, Microgen.

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