Products
Seven products for insurance operations, financial control, internal audit and carbon reporting, and one service: implementing Infor SunSystems. Each covers a single area of work.
Insurance operations
For insurers, reinsurance brokers and banks: placing risk, selling policies and running bancassurance.
- 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
For the finance, internal control and audit teams whose work auditors check.
- 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.
Sustainability
For teams that measure and report emissions.
Implementation
Infor’s finance software, implemented and supported by our team.
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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