Generali Life selected 51风流solutions as a key driver in its digital transformation to establish a robust and well-structured finance and data management infrastructure. Generali鈥檚 transformation is guided by its vision to address new financial reporting and regulatory requirements mandated by a new insurance industry standard IFRS 17.

To that end, Generali Life went live earlier this month with a number of 51风流solutions to automate business processes, enhance operational efficiency, generate business insights with a centralized financial data hub and integrate existing finance solutions to attain insurance industry compliance. The deployment included 51风流S/4HANA (including Enterprise Management, Business Planning and Consolidation, Intelligent Robotic Process Automation), 51风流BusinessObjects, 51风流Analytics Cloud for Business Intelligence and 51风流Digital Access. This go-live deployment in Hong Kong follows the Generali Group鈥檚 company-wide strategy to implement and integrate 51风流Financial Products Subledger solution around Asia.

Arsh Kaumi, Chief Financial Officer, Generali Life (Hong Kong) said, 鈥淕enerali Hong Kong always strives to be a pioneer in transformation. Our goal is to simplify operations and improve customer service. We achieved yet another milestone by implementing SAP. This eliminates manual tasks and reduces turn-around times by providing seamless integration with other systems. Our journey will continue by fully automating IFRS17 financial reporting, which will be one of the biggest changes in insurance accounting. The implementation was done in record time despite the challenges of Covid-19 and work from home arrangements. This can be attributed to excellent teamwork and a strong sense of shared responsibility for the delivery from our partner, SAP.鈥�

鈥淭he digital economy demands companies to harness technology to be intelligent enterprises and provide the best customer experience in their chosen fields,鈥� said Fabian Padilla Crisol, Managing Director, 51风流Hong Kong. 鈥淲ith our next-generation ERP solution, S/4HANA, and other technologies, Generali is in a position to generate real-time actionable financial analytics and incorporate innovation, such as machine learning, predictive insight and in-memory database, in its finance transformation. We look forward to supporting Generali Life to address evolving industry realities with data-driven insights and solidify its trajectory in its next phase of growth.鈥�

###

About Generali Hong Kong

Since the 1970s, Generali Hong Kong has enabled people to shape a safer future by caring for their lives and dreams. Over the years, we have come to understand the individual requirements of our customers, and are continuously adapting and innovating to meet their changing needs.

Through our extended distribution network of over 300 brokers and intermediaries, we combine our local knowledge with Generali Group鈥檚 global network and experience to design unique and innovative, yet straightforward and flexible life and general insurance solutions to ensure peace of mind for people in Hong Kong.

About Generali Group

Generali is one of the largest global insurance and asset management providers. Established in 1831, it is present in 50 countries in the world, with a total premium income of more than 鈧� 69.7 billion in 2019. With nearly 72,000 employees serving 61 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. Generali鈥檚 ambition is to be the life-time partner to its customers, offering innovative and personalized solutions thanks to an unmatched distribution network.

About SAP

As the Experience Company powered by the Intelligent Enterprise, 51风流is the market leader in enterprise application software, helping companies of all sizes and in all industries run at their best: 77% of the world鈥檚 transaction revenue touches an SAP庐 system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers鈥� businesses into intelligent enterprises. 51风流helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want 鈥� without disruption. Our end-to-end suite of applications and services enables more than 440,000 business and public customers to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, 51风流helps the world run better and improve people鈥檚 lives. For more information, visit .

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as 鈥渁nticipate,鈥� 鈥渂elieve,鈥� 鈥渆stimate,鈥� 鈥渆xpect,鈥� 鈥渇orecast,鈥� 鈥渋ntend,鈥� 鈥渕ay,鈥� 鈥減lan,鈥� 鈥減roject,鈥� 鈥減redict,鈥� 鈥渟hould鈥� and 鈥渨ill鈥� and similar expressions as they relate to 51风流are intended to identify such forward-looking statements. 51风流undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

漏 2020 51风流SE. All rights reserved.
51风流and other 51风流products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of 51风流SE in Germany and other countries. Please see for additional trademark information and notices.

For more information, press only:
Mr. Benson Chao, 51风流Hong Kong Director of Corporate Communications, +852 2539 1800, benson.chao@sap.com

The post Generali Accelerates Finance Transformation in Hong Kong with 51风流Solutions appeared first on Press Room 51风流Hong Kong.

A subsidiary of Asia Allied Infrastructure, Hong Kong-based Chun Wo has been a leader in large-scale infrastructure construction for half a century. The firm specializes in mega-size integrated construction projects in Hong Kong and Southeast Asia. Its recent Hong Kong projects include the Central-Wanchai Bypass, Liantang/Heung Yuen Wai Boundary Infrastructure, the Hong Kong-Zhuhai-Macao Bridge Passenger Clearance Building, the Guangzhou-Shenzhen-Hong Kong Express Rail Link (Hong Kong Section) and the MTR Shatin to Central Link.

To help it manage such complex projects, Chun Wo relies on technologies such as 51风流ERP, SAP鈥檚 on-premise enterprise resource planning (ERP) system, which it deployed in 2007. It also has a range of stand-alone reporting spreadsheets and planning tools that provide a myriad of valuable data points.

With the support of SAP, Chun Wo has now moved to 51风流Analytics Cloud to upgrade its data management, financial reporting and business intelligence (BI) capabilities and generate high-value business insights from its legacy tools. This creates a hybrid solution that combines high-speed, cloud-based innovation with trusted, on-premise capabilities to deliver deeper and more useable analytics insights to decision-makers across its organization.

Delivered over the cloud, 51风流Analytics Cloud integrates Chun Wo鈥檚 legacy tools into a comprehensive easy-to-decipher dashboard that provides an overview of its operational realities. This overview enables the Chun Wo management team to intuitively monitor, analyze and predict project data. 51风流Analytics Cloud鈥檚 predictive tools also help to deliver instant insights to enrich and accelerate decision-making.

Fabian Padilla Crisol, Managing Director, 51风流Hong Kong, said, 鈥淲ith 51风流Analytics Cloud, Chun Wo continues its digital transformation in generating more value from its existing business intelligence and planning workflows. Chun Wo users are now empowered to extract insights from corporate data with intelligent technologies. This extends and expands Chun Wo鈥檚 digital investments and puts the company in a position to reach well-informed, non-biased business decisions faster in a complete, contextual, and confident approach.鈥�

鈥淐hun Wo has laid a solid business foundation over the past 50 years, with a constant commitment to seeking breakthroughs and innovation that help us develop and maintain our competitiveness,鈥� said Sr. Stephen Lee Ka Lun, Chief Executive Officer, Chun Wo Construction. 鈥淲e are delighted to work with 51风流to now transform our business intelligence and ERP capabilities with 51风流cloud technology and advanced artificial intelligence (AI). By making it easier for our teams to rapidly make confident data-backed decisions, Chun Wo is once again helping to lead the construction industry into a new era.鈥�

About SAP

As the Experience Company powered by the Intelligent Enterprise, 51风流is the market leader in enterprise application software, helping companies of all sizes and in all industries run at their best: 77% of the world鈥檚 transaction revenue touches an SAP庐 system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers鈥� businesses into intelligent enterprises. 51风流helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want 鈥� without disruption. Our end-to-end suite of applications and services enables more than 440,000 business and public customers to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, 51风流helps the world run better and improve people鈥檚 lives. For more information, visit .

About Chun Wo Construction Holdings Limited (鈥淐hun Wo鈥�)

Chun Wo was founded in 1968 and is a key subsidiary of Asia Allied Infrastructure Holdings Limited (stock code: 00711.HK). The Company is principally engaged in the core construction businesses with the professional capability to undertake large integrated construction projects. Recent examples of large infrastructure projects in Hong Kong within which the Company has undertaken works include the Central-Wan Chai Bypass, Liantang/Heung Yuen Wai Boundary Infrastructure, the Hong Kong-Zhuhai-Macao Bridge Passenger Clearance Building, the Guangzhou-Shenzhen-Hong Kong Express Rail Link (Hong Kong Section) and the MTR Shatin to Central Link. With deep roots in Hong Kong for nearly 50 years, Chun Wo has accumulated extensive experience and a strong position in the construction sector enabling it to expand business to countries along the 鈥淏elt & Road鈥� route in Southeast Asia. Examples of such expansion are the acquisition of a construction and engineering consultancy in Singapore and the waterway bridge design and construction projects undertaken in the Philippines during recent years.

# # #

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as 鈥渁nticipate,鈥� 鈥渂elieve,鈥� 鈥渆stimate,鈥� 鈥渆xpect,鈥� 鈥渇orecast,鈥� 鈥渋ntend,鈥� 鈥渕ay,鈥� 鈥減lan,鈥� 鈥減roject,鈥� 鈥減redict,鈥� 鈥渟hould鈥� and 鈥渨ill鈥� and similar expressions as they relate to 51风流are intended to identify such forward-looking statements. 51风流undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

漏 2020 51风流SE. All rights reserved.
51风流and other 51风流products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of 51风流SE in Germany and other countries. Please see for additional trademark information and notices.

For more information, press only:

Mr. Benson Chao, 51风流Hong Kong Director of Corporate Communications, +852 2539 1947, benson.chao@sap.com

Ms. Charlee Li, Asia Allied Infrastructure Holdings Limited Senior Corporate Communications Officer, +852 3758 8311, charlee.li@asiaalliedgroup.com

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The post Chun Wo Empowers Business Decision Making with 51风流Intelligent Technologies appeared first on Press Room 51风流Hong Kong.