Hilversum, 1217NS,
Netherlands
Sofia Consulting Netherlands
Sofia Consulting Netherlands, a prominent reseller, system integrator, and consulting company, that plays a vital role in numerous system integration and digital transformation initiatives. Sofia Consulting Netherlands collaboration with software players such as Wolters Kluwer empowers organizations to embrace disruptive technologies and accelerate their journey to the cloud, thus reshaping their business models.
| Reseller and SI | Vendor | Application | Category | Market |
|---|---|---|---|---|
| Sofia Consulting Netherlands | Wolters Kluwer | CCH Tagetik Solvency II | Governance, Risk and Compliance | TRM |
| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Product | Category | When | Insight |
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Baloise Holding | Insurance | 9000 | $7.4B | Switzerland | Wolters Kluwer | CCH Tagetik Solvency II | Governance, Risk and Compliance | 2022 |
In 2022, Baloise Holding implemented CCH Tagetik Solvency II as its Governance, Risk and Compliance solution to consolidate multiple reporting systems and enable end-to-end Solvency II reporting. The engagement covered Switzerland and group level reporting and targeted quantitative SCR and MCR calculations along with Pillar 3 narrative reporting, including SFCR and RSR filings.
Baloise configured CCH Tagetik Solvency II to run quantitative SCR and MCR calculations and to prepare Pillar 3 narrative reporting outputs, embedding statutory reporting workflows and validation routines. The implementation centralized data collection, validation and submission processes and instrumented stronger audit trails to support regulatory transparency and controlled reporting sequences.
The deployment consolidated disparate reporting sources into a centralized CCH Tagetik Solvency II reporting platform for Switzerland and group reporting, streamlining submission pipelines and validation checkpoints. Operational coverage bridged actuarial, finance and risk reporting functions, aligning Solvency II calculation engines with narrative report generation within the Governance, Risk and Compliance framework.
Sofia Consulting Netherlands is documented as the implementation partner on the case study and webinar featuring Baloise, and the engagement emphasized process standardization and governance controls for regulatory submissions. Governance changes included tightened data validation gates, standardized submission workflows and audit trail enhancements to meet Solvency II compliance needs.
According to the partner case study and webinar featuring Baloise, by 2024 the internal team had shifted focus to process optimisation and advanced reporting capabilities built on CCH Tagetik Solvency II. The initiative centralized Solvency II reporting, strengthened auditability and created a single platform for regulated SCR and MCR computations and Pillar 3 narrative reporting within Governance, Risk and Compliance.
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Menzis Zorg en Inkomen | Insurance | 1382 | $6.7B | Netherlands | Wolters Kluwer | CCH Tagetik Solvency II | Governance, Risk and Compliance | 2020 |
In 2020, Menzis Zorg en Inkomen implemented CCH Tagetik Solvency II in the Governance, Risk and Compliance category. The Netherlands project was delivered by Sofia Consulting Netherlands and applied CCH Tagetik Solvency II to automate quarterly and annual financial statements while deploying Tagetik’s pre-packaged Solvency II solution covering Pillar 1 and Pillar 3.
The implementation established a unified one version of the truth reporting environment with configurable financial reporting workflows, standardized data models, and automation of processes that had been performed in Excel. Functional capabilities implemented included statutory and regulatory reporting automation for quarterly and annual statements, Solvency II calculation and disclosure templates, and auditability controls to improve data quality and traceability.
Operational scope concentrated on finance and regulatory reporting across Menzis in the Netherlands, aligning reporting processes across affected finance teams. Governance and process changes emphasized reducing manual Excel activity, enforcing version control and audit trails, and strengthening compliance processes for Pillar 1 and Pillar 3 reporting, outcomes that are documented on Sofia Consulting’s case study page and noted as improving data quality and auditability.
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