Core system

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A core system is a back-end system that processes daily transactions and posts updates to accounts and other financial records. Core systems typically include deposit, loan and credit processing capabilities, with interfaces to general ledger systems and reporting tools. As a special system, it fulfills further classified requirements and processes. Core system providers define the project stages step by step, taking logical dependencies into account and determine a schedule for the development and subsequent launch.

Finance and Insurance sector core system / module providers include:

  • Guidewire: For modern collections and disbursements, Guidewire solutions is a leading core IT systems provider for insurance companies. (Guidewire InsuranceSuite TM, Guidewire ClaimCenter and Guidewire BillingCenter modules).
  • SAP standard:The SAP standard is designed for an open, flexible and process-oriented IT landscape. The SAP FS-CD module is currently the benchmark for automated collection and disbursement.
  • SAP FS-CD: For modern collection and disbursement, SAP FS-CD is one of the leading core IT systems for insurance companies.
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