SAP AG is working with COMPIRICUS Inc. and ConVista Consulting Inc. to expand the availability of the SAP Financial Asset Management application to insurance companies in North America. The application is a scalable, integrated solution for insurance companies to help manage the regulatory environment of the investment management market within their regions.

SAP Financial Asset Management is available on premise and via the cloud and business process outsourcing, SAP said. COMPIRICUS and ConVista have formed a joint venture, ComnServ, to provide cloud implementation, operations and support of SAP Financial Asset Management.

ComnServ was created to answer a demand for consultants with investment accounting expertise and a full understanding of business processes, said SAP. Applications that can be leveraged to support customers using SAP Financial Asset Management are offered as well. 

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