Case Study: Northern Trust achieves faster financial close and automated insurance reporting with SAP Financial Asset Management

Northern Trust Enriching the Digital Experience for Clients with Intuitive Reporting and Analysis Tools

Northern Trust, a leading provider of asset servicing, investment management, wealth management, and banking services, needed a scalable statutory accounting solution for insurance companies. The firm wanted to eliminate the manual effort of combining data from multiple systems, while also giving clients more flexibility to customize subledger accounting and statutory reporting. To address this challenge, Northern Trust worked with SAP and used SAP Financial Asset Management and SAP S/4HANA Cloud.

SAP helped Northern Trust launch a cloud-based investment accounting and analytics application that streamlined reporting and analysis for clients. The solution eliminated 100% of manual data entry and saved 1.5 days from the monthly close process, while enabling higher-quality data, better cross-period analysis, and a more robust client offering.

Northern Trust

Christopher Dvorak

Head of Insurance Solutions