"The capital insurance group" implements SAP

"The capital insurance group" starts project implementation "SAP ERP - a single financial system of group". Project implementation is expected three years and is estimated at 3 million euros. Contractors of the project are not called yet.

As reported, in the ERP system it is going to implement the basic accounting processes, having made it a basis for formation of the consolidated statements and management of budgeting at the level of group. Implementation provides integration with the systems of insurance accounting of the companies of group.

"The capital insurance group" was created in 2007. Her major shareholders are the Moscow government and Bank of Moscow. "The Moscow insurance company" which has 55 branches and over 120 agencies more than in 170 cities of Russia today became a basis of holding. Except it, the group includes companies "MSK-Layf", "Vostsibmedzhaso", "Standart-Reserve", "Solidarnost dlya zhizni" (Sovita), Direct insurance, "Moscow Re".

According to the customer, "SSK" will become the Russia's first insurer who made the decision on SAP implementation of ERP. In this regard, however, it is possible to remember the project in National Insurance Group which basis was an industry solution of SAP for Insurance on the SAP ERP platform. This project was begun in February, 2007, even before full completion of the Russian localization of the solution. Upon termination of the project planned for the end of 2008, this system will have to integrate 150 users more than in 30 branches of group.