Swiss Re will implement the Microgen software for its worldwide operations.

The Microgen Accounting Hub is a rules-based finance system delivering accounting consistency and financial transparency at both an enterprise and a departmental level. It supports multiple accounting standards across all currencies. This enables organisations to collate accounting information from disparate systems and standardise on one platform, thus increasing visibility into, and control over, their assets. Swiss Re will also implement a sub-ledger module to give rapid access to its profit & loss and balance sheet.

Microgen Aptitude complements the Microgen Accounting Hub by providing the business process modelling and automation, business rules, data management, integration service orchestration and simulation functionalities that enable organisations to create a more agile, and responsive, IT infrastructure. Its unique graphical interface and user friendly format enables businesses to react faster to changing market demands therefore gaining competitive advantage.

As a leading and highly diversified global reinsurer, Swiss Re offers financial services products that enable risk taking essential to enterprise and progress. The Group's position as preferred partner in the risk transfer industry is based on value propositions that comprise risk expertise, global reach, scale, diversification, very strong capitalisation and resilience over the long term.

Elizabeth Sipiere, managing director banking, Microgen plc commented: "Businesses operating in the financial services sector have in recent years had to cope with a data explosion. Those operating in this space now need business process and data consistency across the enterprise to provide timely access to profit & loss and balance sheet information."