Accenture and Sopra Steria to Help French Insurance Group Covéa Transform Its Finance Function
22 Junio 2020 - 4:59AM
Business Wire
Accenture (NYSE: ACN) and Sopra Steria are helping Covéa,
France's largest property and casualty insurer, with its finance
transformation program as part of a four-year joint agreement.
The program aims to modernize and simplify the insurance group’s
finance function across its three notable brands — MAAF, MMA and
GMF. Together, Accenture and Sopra Steria will help Covéa converge
three separate accounting systems into one integrated platform,
which will better integrate with other systems across the business
and improve the user experience for finance employees.
Phases of this program include deploying advanced technology
tools and data models; standardizing processes; and implementing
new budget-tracking software. This will enable Covéa to transform
other parts of its business more effectively with a consolidated
accounting platform that improves visibility and integrates with
other operational processes.
The platform will be developed on SAP S/4HANA® and also uses the
Accenture Finance Transformation Solution, which improves financial
reporting and enables consistent data models for accounting and
consolidating financial results. The solution provides
pre-configured templates for standard accounting processes for
faster implementation time at a lower cost. Covéa will also use
Axway Accounting Integration Suite (AI Suite), which helps
streamline data integration from multiple accounting systems into
the new platform. The AI Suite also includes transformation rules
designed in compliance with Covéa’s specific policies, handles
exceptions and generates audit trails ensuring that all data
delivered can be justified.
“This innovative project is an integral part of our ongoing
transformation initiative,” said Aude Messin, Covéa’s director of
finance transformation. “We are proud to drive this change with our
finance team and are committed to unifying and modernizing our
finance landscape with SAP S/4HANA and Axway applications, with
which Accenture and Sopra Steria have specific expertise.”
Laurent Gaultier, who leads Accenture’s Insurance practice in
France, said, “Insurers are contending with significant changes to
their accounting practices, with disruption from new technologies.
We are thrilled to be helping Covéa work toward a new vision for
their finance function, building a core platform to help them
achieve more innovation across the organization and ultimately
build a business for the future.”
Guillaume Steyer, director of Insurance for Sopra Steria's
Insurance and Social Protection practice, said, "Our priority is to
facilitate the convergence of the three brands by supporting
Covéa’s strategic and business departments. Thanks to our
end-to-end offering, we have all the assets required to ensure the
success of this project by combining our consulting teams' approach
with our expertise in Axway's AI Suite solution for accounting
integration projects.”
About Accenture
Accenture is a leading global professional services company,
providing a broad range of services in strategy and consulting,
interactive, technology and operations, with digital capabilities
across all of these services. We combine unmatched experience and
specialized capabilities across more than 40 industries — powered
by the world’s largest network of Advanced Technology and
Intelligent Operations centers. With 509,000 people serving clients
in more than 120 countries, Accenture brings continuous innovation
to help clients improve their performance and create lasting value
across their enterprises. Visit us at www.accenture.com.
About Covéa
Covéa is a French mutual insurance group leader in the property
and casualty market. It protects one in three households in France,
and its 21,000 employees are committed to serving more than 11.5
million policyholders. With its three brands MAAF, MMA and GMF,
Covéa is a solid and dynamic financial player. In 2018, its earned
premiums amounted to 16.9 billion euros and equity was 15.2 billion
euros. The Covéa group generates 2 billion euros of earned premiums
internationally. Read more at covea.eu
About Sopra Steria
Sopra Steria, a European leader in consulting, digital services
and software development, helps its clients drive their digital
transformation to obtain tangible and sustainable benefits. It
provides end-to-end solutions to make large companies and
organisations more competitive by combining in-depth knowledge of a
wide range of business sectors and innovative technologies with a
fully collaborative approach. Sopra Steria places people at the
heart of everything it does and is committed to making the most of
digital technology to build a positive future for its clients. With
46,000 employees in 25 countries, the Group generated revenue of
€4.4 billion in 2019. Read more at www.soprasteria.com
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Bonnie Olivier Accenture +33 1 53 23 54 61
bonnie.olivier@accenture.com
Elsa Estager Sopra Steria +33 6 29 18 39 22
elsa.estager@soprasteria.com
Vincent Darricarrere Agence BCW +33 6 76 05 95 63
vincent.darricarrere@bcw-global.com
Covéa presse@covea.fr
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