Financial Products Subledger

Future-proof accounting and financial steering

Modern, high performing finance requires granular, accurate, and timely finance data. Is your system ready to keep up? The Financial Products Subledger (FPSL) simplifies your architecture, creating a single source of truth to put you in control. We connect your operational and finance systems through a single hub so you can embrace new business models, launch products, and keep up with key regulations, including IFRS 9, IFRS 17 and US GAAP.

Key capabilities

  • Dedicated multi-GAAP and multi-entity subledger
  • Pre-configured for IFRS and US-GAAP
  • Built for high transaction volume
  • Full transparency at all levels
  • GL & system agnostic
  • Flexible, modular functionality
  • Centralized valuation, calculation, and accounting hub
  • Seamless integration to SAP S/4HANA Finance with drill-down

Proven results across leading financial institutions

1 billion

journal entries
created per hour

50%

faster month-end
closing processes

20%

of employee time
and effort saved

Unparalleled efficiency and consistency

Centralize control and management of posting rules and accounting treatments for a consistent approach to generating accounting journal entries, in line with accounting standards.

Real-time transparency & visibility

Reduce reporting time and gain full audit trail visibility with end-to-end control over accounting calculations and journal postings.

Empowered business users

Quickly break down and analyze summarized GL information, enable self-service multi-dimensional views, and efficiently introduce new products, accounting treatments, and regulatory mandates.

End-to-end auditability

Automate error handling, eliminate manual reconciliation, and provide drillable balance sheets and income statements with detailed granularity with no manual work.

For us it was quite a natural expansion to use FPSL, the Financial Products Subledger system. It’s really a paradigm shift because it’s the first time for us as a group that we have one combined subledger across all of our businesses, be primary or reinsurance.

Robert Lempertseder, Head of Financial and Regulatory Reporting, Munich Re

Features

General ledger agnostic

Enhance your general ledger reporting and performance without disruptive rebuilds. Improve financial performance without massive disruption.

Scalable
architecture

Integrate new acquisitions and adapt to organizational changes without continuously reinvesting in technology.

Defensible
reporting

Transparent at every level of reporting and pre-configured to comply with international accounting standards.

Cloud-ready deployment

Deployable for both cloud and on-premises environments to meet business and IT requirements.

 

Extensive
product coverage

Cater to all business lines across banking, capital markets, and insurance with a single system.

Pre-configured 
business content

Accelerate implementation with business content ready tailored to your needs with minimal operational risk.

Regulator and
audit ready

High integrity, transparent, and defensible finance data easily available for auditors and regulators.

Proven
technology

Trusted by 150+ banks and insurers globally to streamline reporting and increase visibility.

The Financial Products Subledger (FPSL) is an industry standard for the accounting of financial instruments and insurance contracts. It delivers transparency, consistency, audit credibility, and future viability.

Ekkehard Lange, Chief Product Owner, SAP Fioneer

MunichRe prepares for IFRS17 with the
Financial Products Subledger

Hear from our customer, MunichRe about how we were able to transform and harmonize their systems and processes with a combined subledger across all of their businesses to prepare for IFRS17 using the Financial Products Subledger (FPSL).

See the case study

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Transform complexity to control

Talk to us about you can use the Financial Products Subledger to streamline data, finance and compliance.

Get in touch