Infor SunSystems for Reinsurers
With the ability to create an unlimited number of separate entities, Infor SunSystems® is the financial management software of choice for many captive and reinsurance firms including Artex, Ascot, and IQUW.
Offering rich functionality and greater flexibility compared to larger ERP platforms, Infor SunSystems is quick to implement, easy to support and caters for different tax accounting structures.
Powered by Infor OS, Infor SunSystems is a powerful financial ERP capable of supporting global enterprise growth and change, improving collaboration amongst your finance teams, streamlining business processes, and has advanced tools to integrate with specialist lines of business applications – giving you a true financial hub.
Supporting complex infrastructures
With the capacity to scale and adapt to your requirements as your business grows, Infor SunSystems can support complex infrastructures, giving captive and reinsurance organisations the confidence that their financial management software will meet the needs of their entire business now, and in the future.
Infor SunSystems enables reinsurers to create an unlimited number of separate entities, each with:
- Different base, second base, and reporting currencies.
- Unlimited entities with different Year Ends and accounting periods.
- Own Chart of Accounts and Analysis structures – ideal for Protected Cell and Incorporated Cell Company structures.
- Multiple Charts of Accounts per entity for IFRS, US GAAP, UK GAAP.
- Multiple reporting structures and hierarchies per entity.
- Ability to hold member information as analysis for any group captives.
- Ability to use a variable 4th currency for PCCs with different reporting currency requirements but standard base currency.
- Own reporting pack and hierarchies.
- Multi-jurisdiction compliance (and multi-lingual).
Choice of SunSystems Deployment Models
Self-Hosted
This model is popular with organisations who have the IT skills, capacity, or security protocols to self-host software.
Third-Party
The third-party model reduces expensive IT infrastructure costs as this is outsourced to a PaaS provider, such as TouchstoneCloud.
SaaS
With SunSystems Cloud (SaaS), you rent the software with basic support and continuous updates as part of the service.
Why Touchstone?
Implementing SunSystems since it was first launched in 1982, our team of fully qualified Project Managers, Technical, Integration, and Application Consultants have deep domain expertise in implementing SunSystems for ReInsurers on time, and on budget, maximising return on investment.
Delivering complex SunSystems projects
Our highly experienced team of professionals have delivered complex SunSystems projects for some of the largest Captive Insurers including Artex Risk and Thomas Miller as well as Lloyd’s of London and Managing Agents such as Argenta, Ascot, Canopius, IQUW, Premia, R&Q, and Starr.
Gnosis and Infor SunSystems Cloud: A Success Story
Gnosis, a leading business and technology consultancy in Bermuda, explains how Infor SunSystems Cloud is providing numerous benefits to it’s Bermuda-based reinsurer, including enhancing their financial operations and supporting their business growth strategy.
Global Coverage
With an international helpdesk team, we can offer 18×5 support covering all jurisdictions globally. Our international footprint includes:
London | Isle of Man | Guernsey | Jersey | Gibraltar | Malta | Bermuda | Cayman Islands | North America | Hong Kong | Shanghai | Singapore | Sydney | Tokyo
Want to find out more about how Infor SunSystems can support your Reinsurance firm?
Not sure whether Infor SunSystems is right for you? Do you need to discuss your specific requirements? We would be more than happy to talk through your options and discuss further how Infor SunSystems might be right for your company.
Simply fill out this form, and one of our expert advisors will get in touch.
