Software for insurance, finance and audit teams
Nextera is a software company in Jakarta. We build systems for reinsurance broking, insurance sales and bancassurance, and for PSAK 116 lease accounting, ICoFR, internal audit and carbon reporting.
Part of Intikom, an Indonesian IT company founded in 1990.
What we build
Seven products and one implementation service. Each covers one area of work.
Insurance operations
- Reinsurance brokingNextera BrightRuns a reinsurance broker’s book: placement, facultative and treaty business, renewals, claims, technical accounts, settlement and bordereaux.
- Insurance sales and distributionNextera LinkTakes an insurer’s products from quote to issued policy across agents, brokers and partners, with leads, product rules and commission in one workflow.
- BancassuranceNextera FlowConnects a bank and its partner insurers: product mapping, sales, commission and reporting run from one shared record.
Finance and control
- Lease accounting (PSAK 116)Nextera AccordClassifies each lease, calculates right-of-use assets and lease liabilities, remeasures them when terms change and produces the PSAK 116 disclosures.
- Internal control over financial reporting (ICoFR)Nextera GuardKeeps your financial-reporting controls in one library and runs the ICoFR cycle: assessment, testing, evidence, deficiencies and remediation.
- Internal auditNextera TraceRuns the internal audit cycle: audit universe, risk-based annual plan, fieldwork and working papers, findings and follow-up to closure.
Property: warehouse fire
| Reinsurer | Written | Signed |
|---|---|---|
| Reinsurer A | 30% | 24% |
| Reinsurer B | 50% | 40% |
| Reinsurer C | 45% | 36% |
| Total | 125% | 100% |
Written lines total 125%, so each is signed down to make 100%.
- Product
- Home insurance
- Sum insured
- IDR 1,500,000,000
- Rate
- 0.125%
- Annual premium
- IDR 1,875,000
- Channel
- Agent
- Quote
- Submitted
- Policy issued
- Bank: Bank fee (15%)
- IDR 1,800,000
- Insurer: To the insurer
- IDR 10,200,000
Both sides reconcile to the same record.
- Opening liability
- IDR 1,000,000,000
- + Interest (10% a year)
- IDR 8,333,333
- − Payment
- IDR 25,000,000
- Closing liability
- IDR 983,333,333
Monthly bank reconciliation
- Risk
- Cash balance misstated
- Owner
- Finance controller
- Frequency
- Monthly
- Evidence
- 3 files attached
- Latest test
- In testingEffective
Stock count differences
- Rating
- Medium
- Agreed action
- Monthly cycle counts in both warehouses
- Owner
- Warehouse manager
- Due
- 30 June
Status
- Open
- In progress
- Closed
5,100 tCO₂e
- Scope 1
- 1,240
- Scope 2
- 3,860
- Baseline
- 6,000
- Target
- 4,800
- Offsets retired
- 300
- Policy administration
- Payroll
- Banking
Infor and SunSystems are trademarks of Infor.
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Led by people who worked inside insurers
Herry Priatna
Chief Executive Officer
Our chief executive, Herry Priatna, held Head of IT and VP roles at Avrist Assurance, Great Eastern Life, Sun Life Indonesia and Manulife Indonesia.
Wiriadi Saputra
Commissioner
Our commissioner, Wiriadi Saputra, spent more than 20 years in leadership roles at Avrist Assurance, BNI Life, Sun Life Financial, Cigna, AIG and MetLife.
Part of Intikom
Nextera is part of Intikom (PT Intikom Berlian Mustika), an Indonesian IT company based at Graha Intikom in Jakarta.
Intikom has worked with Indonesian businesses since 1990. It has 700+ active customers, 170+ service points across the country and 700+ employees.
Figures published by Intikom.
If you’ll run a system for years, the company behind it matters.
More about Nextera and Intikom
How a project runs
Every implementation follows the same five steps.
Scope
We sit with your team and map how the work runs today: the process, the data and the reports you have to produce.
Configure
We set the product up for your structures, such as your chart of accounts, treaties, control library or audit universe.
Migrate and check
We bring your data across and check the results against your current numbers before anyone relies on them.
Go live
We train the people who will use it, then switch over.
Support
After go-live we stay on to support it.
Articles
Short explainers on the standards behind our products.
- Lease accounting (PSAK 116)PSAK 116 and PSAK 73: IFRS 16 Lease Accounting in IndonesiaComplete guide to PSAK 73 / PSAK 116 (IFRS 16) in Indonesia. Learn about lease accounting requirements, implementation steps, and software solutions for compliance.
- Internal control over financial reporting (ICoFR)ICoFR Guide: Internal Control over Financial Reporting in IndonesiaComplete guide to ICoFR (Internal Control over Financial Reporting) for Indonesian companies. Learn about the framework, implementation steps, and technology solutions.
- Reinsurance brokingDigital Solutions for Reinsurance Brokers in IndonesiaHow digital brokerage management systems improve efficiency and compliance for reinsurance brokers in Indonesia. A complete guide to reinsurance technology.
Ask for a demo
Tell us your company, your role and which product you’d like to see. We’ll set up a time that suits you.