The Euler Hermes group chooses Soliam of BSB to standardize the management of its financial assets
.gif)
Euler Hermes is the world’s leading credit insurer. The group helps companies to grow their business by insuring them against losses arising from insolvencies (non-payment and business failure) of their clients, whatever their size, sector of activity or country of origin.
Euler Hermes is part of the Allianz group and has a turnover of more than 2 billion euros. It is active in 50 countries worldwide and employs over more than 6000 people.
The challenge
Before 2007, each entity of the Euler Hermes group was free to select its own software for the management of its financial assets.
The Belgian and French entities for instance were already using Soliam while others were still using other software packages.
In 2007, Euler Hermes decided to standardize the management of its financial assets.
The solution
Euler Hermes decides to standardize the management of its financial assets on the basis of the following four criteria :
- Only one single software for the management of the financial asset for the whole group
- Complete infrastructure (servers, databases, …) to be centralized in the Paris’ Head Quarters
- Sofltware to be available via remote access (Citrix)
- Use of a general account plan and common parameter settings
Mid 2007, Euler Hermes selects Soliam as the single software package for the management of its financial assets.
The fact that the French entity, which has the most complex portfolios of the whole group, was very satisfied of Soliam, has certainly had a positive impact on this decision.
The result
In 2008, the international roll-out of Soliam took place in the German, Italian and Belgian entities (the latter migrated towards the new platform of the group). The French entity joined the platform in the beginning of 2009; the Dutch entity followed some time later.
In the coming months, a new German entity and the British entity are expected to migrate towards the new platform.
To receive the pdf version of this client testimonial, please click here to fill in a form.
