Industry: Insurance, Service Providers
Category: Financial Management, GUEPARDO Tax Software

Sompo Seguros faces market challenges with GUEPARDO Tax Software

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Why NTT Data Business Solutions?
  • Known-how in the implementation of successful tax projects
  • Software 100% adequate to the Brazilian reality;
  • Solid partnership that enhances customer profitability;
  • Comprehension how to transform the difficulties of the insurance market in strategic solutions with long-term vision, always with visibility and security for processes.
Sompo Seguros values compliance and quality of the information transmitted to tax authorities. When you acquire a robust and integrated tool such as GUEPARDO Tax Software, process visibility becomes part of the company routine and the assertive analyzes trigger increased performance, based on agility and safety from automated parametrizations. Among so many scope requirements, the teams at Sompo and NTT DATA Business Solutions gave their best and this partnership was critical for the success of the project. It was the most assertive decision we made.

Vivian Very Guedes Oliveira
TAX COORDINATOR
SOMPO SEGUROS

Challenges and Benefits

Challenges

  • The processes underwent a major transformation due to the merger between Marítima Seguros and Yasuda Seguros, which required reassessing internal controls, especially regarding the obligations transmitted to the Treasury through legacy systems. As it is a complex segment and susceptible to both municipal and federal scopes, the company performed manual controls when reconciling ISS with the SAP FS-CD module, which was time consuming and undermined the productivity of the tax and accounting department.

Digital Transformation

  • With experience in the implementation of successful tax projects, GUEPARDO Tax Software was chosen as the technological partner based on its in-depth knowledge of tax complexities at the municipal and federal levels as well as ancillary obligations and understanding how to transform the difficulties of the insurance market in strategic solutions with long-term vision, always with visibility and security for processes.

Operational Benefits

  • Increased performance, department productivity gains, broad visibility of GAPs and process control;
  • Automation, security and agility in parameterizations;
  • Sharing of knowledge increased the technical expertise of all those involved with the project;
  • Assertive analyzes, with immediate access to key indicators for decision making;
  • Single information source, preventing rework and inconsistencies;
  • Reliability of data transmitted to the Brazilian IRS and other competent bodies.

Known for its complexity in control standards and risk management, the insurance market is marked by the difficulty in reconciling federal guidelines and numerous municipal rates. To ensure that Sompo Seguros could continue seeking excellence in fulfilling its tax liabilities with the Treasury and to make the tax department increasingly strategic for the company, it was necessary to implement a secure solution with a 360º view of the business, so the company could focus on its essence – to offer the most valuable item to its customers: well-being.

 

With know-how in the implementation of successful tax projects, NTT DATA Busines Solutions believes that the secret of recurring success is to have a solid partnership that drives customer competitiveness and results. NTT DATA Business Solutions implemented GUEPARDO at Sompo Seguros, optimizing the tax routine focused on automated performance gain, and the project became a reference in the insurance market, with emphasis on parameterization and reconciliation of information transmitted to regulatory agencies.

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