SunGard, a provider of software and IT to the financial services industry, has released the accounting component of its iWorks Enterprise Financials solution. iWorks is a cloud-based, mobile-enabled business intelligence tool that is designed to enable insurers to turn raw financial data into insights and analysis for investments, risk and compliance.
The accounting component gives CFOs the ability to gain visibility across their investment portfolios and sub-accounts, as well as transparency into specific portfolios, down to the security level, SunGard said. Multiple scorecards, charts and graphs customizable to the account level offer further insight into portfolio positioning, cash flows and income streams.
iWorks Enterprise Financials features a compliance component, said SunGard. This component provides a three-dimensional view of NAIC guidelines, most state regulations, and the insurer’s company investment policy guidelines.