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Northern Trust Upgrades Cloud-Based Insurance Accounting and Analytics Application [Yahoo! Finance]
Last northern trust corporation earnings: 4/21 07:29 am
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US:NASDAQ Investor Relations: northerntrust.com/about-us/investor-relations
CHICAGO, April 25, 2024 BUSINESS WIRE )--Northern Trust (Nasdaq: NTRS) announced today the successful upgrade of its SAP Financial Asset Management application to SAP S/4HANA, which further enhances its Insurance Investment Accounting and Analytics Services solution, developed to support the full spectrum of investment accounting and regulatory reporting needs for U.S. insurance companies and corporate and endowment markets. The upgrade incorporates Northern Trust's interactive digital interface with the power of SAP S/4HANA to provide an end-to-end solution covering all investment types and reporting needs. The advanced cloud-based interface automates and streamlines insurance accounting and reporting processes, enabling faster processing and reporting. One of the most significant innovations of SAP S/4HANA is its ability to perform in-memory computing. The redesign of database storage to prioritize transactions in a timely and accurate manner means that stakeholders can survey
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