Migdal Insurance
SAP Financial AWS Migration and IFRS compliance
About Migdal Insurance
Migdal Insurance is one of the leading insurance and investments companies in Israel which dates to 1934.
As an innovative company, Migdal leverage their vast IT department to achieve business goals and provide high-end user experience while working under the highest standards.
Summary
As part of changes in insurance regulations, Migdal were required to meet IFRS 17 compliance in a short schedule.
Migdal chose SAP’s Financial Subledger (FPSL) module to achieve the IFRS regulations
Migdal chose SAP’s Financial Subledger (FPSL) module to achieve the IFRS regulations
Challenge
Migdal needed to perform a major scale SAP implementation based on tight timelines and effort of multiple teams with different expertise.
The challenges were reflected by the following topics:
- Purchasing expensive hardware for multiple environments with varied and complex requirements.
- Unclear sizing for a new SAP module.
- Tight timelines which required the application teams to start development as soon as possible.
- Management of dynamic multiple environments during the process in a cost-efficient manner.
The Solution
For this to happen we needed to perform the following:
- Preparation – performing analysis and sizing of SAP environments to understand the minimum requirements to kick off the development.
- Cloud Deployment– Design and implementation of Landing Zone to provide a secured environment.
Deployment of Hana certified instances based on SAP and AWS best practices (SAP on AWS). - Compliance Testing – Joint effort with external 3rd party to adjust the system to Migdal’s needs and provide continuous infrastructure support for the SAP developers.
- Automations and improvements – Implement SAP instance scheduling, FinOps services and adjustments to the environment for cost optimization and better work experience for the SAP consultants and users working on the system.
Results
The lower environments were successfully deployed in time for the developers to start their work, the production environment was set with an updated sizing and a low-cost DR using AWS DRS.
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+ 972-3-9767599
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Address
17 Yagia Kapayim St.,
P.O.B. 3 9 6 1
Petach Tikva 4913000, Israel
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