IT consultancy firms Accenture and Sopra Steria are aiding France’s property and casualty insurerCovéain its finance transformation programme.

This programme intends to modernise and simplify the insurance group’s finance function across its three notable brands — MAAF, MMA and GMF.

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Under a four-year joint agreement, Accenture and SopraSteria will help Covéa converge three separate accounting systems into one integrated platform.

This integrated system is anticipated to better integrate with other systems across the business and ramp up the user experience for finance employees.

Deploying advanced technology tools and data models, standardising processes and implementing new budget-tracking software are the different phases of this programme.

The platform, which uses the Accenture Finance Transformation Solution, will be developed on SAP S/4HANA.Covéa will also utiliseAxway Accounting Integration Suite (AI Suite) to streamline data integration from multiple accounting systems into the new platform.

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Covéafinance transformation director AudeMessin said: “This innovative project is an integral part of our ongoing transformation initiative.

“We are proud to drive this change with our finance team and are committed to unifying and modernising our finance landscape with SAP S/4HANA and Axway applications, with which Accenture and SopraSteria have specific expertise.”

Accenture France Insurance practice Laurent Gaultier said:  “Insurers are contending with significant changes to their accounting practices, with disruption from new technologies. We are thrilled to be helping Covéa work toward a new vision for their finance function, building a core platform to help them achieve more innovation across the organisation and ultimately build a business for the future.”