PRTODAY / NewswireToday Free press release distribution service network

More news: Software
Written by / Agency / Source: Oracle Corporation

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Oracle Launches Solvency II Solution - New application helps insurers comply with Solvency II reporting requirements and improve financial management (NASDAQ: ORCL)
Oracle Launches Solvency II Solution

 

NewswireToday - /newswire/ - Redwood Shores, CA, United States, 2011/07/26 - New application helps insurers comply with Solvency II reporting requirements and improve financial management (NASDAQ: ORCL). NYSE, NASDAQ: ORCL

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Oracle today announced the availability of Oracle Insurance Quantitative Management and Reporting for Hyperion Financial Management – a new application that streamlines compliance with Solvency II reporting mandates and enables carriers to better manage risk, finance and capital.

As part of the Solvency II regulation, European insurers must provide quantitative management reports to industry regulators, such as the recent Quantitative Impact Study 5 (QIS5) and pending Quantitative Reporting Templates (QRT). Oracle Insurance Quantitative Management and Reporting provides robust capabilities to help insurers create such reports automatically, eliminating the need for labor-intensive processes and error-prone manual spreadsheets.

The application automatically downloads and collates financial, capital and risk data from multiple sources, including auditable spreadsheets and manual inputs where needed. Oracle Insurance Quantitative Management and Reporting then provides currency translation, intercompany elimination, and equity elimination and reconciliation.

Additionally, Oracle Insurance Quantitative Management and Reporting includes built-in validation routines – including cross checks on input data – increasing accuracy and highlighting inconsistencies early in the process. It also provides automated workflow for standardized and auditable approval and sign-off.

The application gives insurance executives and managers faster, easier insight into risk and capital information with reporting tools such as risk dashboards and key performance indicators. In addition, Oracle Insurance Quantitative Management and Reporting offers an easy-to-use interface that resembles traditional regulatory reporting tools (such as spreadsheets), helping to drive user adoption throughout the enterprise.

Oracle Insurance Quantitative Management and Reporting also helps simplify the creation of other reports required under the Solvency II mandate – including Solvency Financial and Condition Reports (SFCR) and Report to Supervisors (RSR). The application consolidates the relevant data from multiple systems and provides a choice of output options for final reporting, such as spreadsheets or flat file. This helps insurers calculate their solvency capital requirements quickly and efficiently to meet both internal and regulatory reporting requirements.

Built on Oracle Hyperion Financial Management, Oracle Insurance Quantitative Management and Reporting integrates into existing reporting and financial systems.

Supporting Quote
“Business demands and regulations are driving insurers to improve their risk and financial processes and reporting systems. Oracle Insurance Quantitative Management and Reporting for Hyperion Financial Management is an ideal solution for meeting the quantitative reporting requirements of Solvency II, with automated reporting, audit trails and dashboards. The application not only helps insurers comply with industry regulations, it helps provide the insight that executives need to improve risk management, make better-informed business decisions, and ensure financial stability over the long term,” said Glenn Lottering, Senior Director, EMEA Insurance Product Strategy and Sales Consulting.

About Oracle
Oracle (oracle.com) is the world's most complete, open, and integrated business software and hardware systems company.

Trademark
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Contact Info
Mary Tobin, O’Keeffe & Company
P: +1.503.658.7396 / E: mtobin[.]okco.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Oracle Corporation

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
Software Warnings - IMPORTANT:
Always be aware/cautious about what you download on your computer/mobile! PURCHASE SOFTWARE related keywords / Banner Ads. Click HERE for details!
.

 
  Your Banner Ad showing on ALL
Software articles,
CATCH Visitors via Your Competitors Announcements!


Oracle Launches Solvency II Solution

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Oracle |
Publisher Contact: Katie Barron - Oracle.com 
703-364-2488 katie.barron[.]oracle.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Oracle Corporation securities in any jurisdiction including any other companies listed or named in this release.

Software via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Oracle Corporation / Company Profile


Read Software Most Recent Related Newswires:

The VELUX Group to Drive Smart Product Innovation with Implementation of PTC Windchill Across the Enterprise
KPIT Takes A Strategic Stake in A Germany Headquartered Automotive Engineering Services Company
IBM and Pfizer to Accelerate Immuno-oncology Research with Watson for Drug Discovery
Pegasystems Named Silver Winner for Best New Product of the Year in Best in Biz Awards 2016
Kentico Releases its Most Enterprise-Ready Solution Yet
OneLogin Delivers First-Ever Multi-Environment AWS User Resource Provisioning
Mahindra and IBM to Develop Blockchain Solution for Supply Chain Finance
Toyota Motor Corporation Approves Mentor Graphics Volcano™ VSTAR AUTOSAR Stack for Deployment in Toyota Vehicles
Wiley Launches New Spectra Lab Applications to Help Scientists Manage Analytical Data
Earthlite Drastically Simplifies and Expedites Accounts Receivable Analysis with Datawatch Monarch
PTC Achieves AWS IoT Competency Status
Umbra, VM Backup Appliance Based on NAKIVO Backup & Replication, Generates Business for Integrative
SpringCM Chooses Xactly to Increase Data Accuracy and Enhance Sales Compensation Strategy
American Airlines Selects IBM as its Cloud Provide
Solenis Chooses OpenText to Digitize and Manage its Global B2B Supply Chain

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Triggr & Bloom

Visit  BizJobs.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)