HDFC Standard Life selects SAP as technology partner‎

HDFC Standard Life,one of Indias leading private life insurance companies has selected SAP as its technology partner to enhance its customer centricity and set new benchmarks in service standards.

The enterprise wide deployment of SAP solutions will integrate the companys internal business functions including finance,procurement,incentive & compensation management,HR activities etc thereby strengthening its business infrastructure.

Technology is a critical enabler in fuelling our business priorities. We at HDFC Standard Life are proud to be associated with SAP and believe that SAP will help us facilitate better understanding of our customers apart from enhancing our delivery capabilities,running more profitably and productively, Said Mr. Paresh Parasnis,Principal Officer and Executive Director,HDFC Standard Life.

HDFC SL converting market challenges into business opportunities

Recognizing the market challenges and the importance of service standards in the Indian life insurance industry,HDFC Standard Life has been engaging technology as a key component in standardizing and automating its core business processes. The SAP deployment is expected to improve data accuracy and eliminate manual processes,giving business executives in-built business intelligence to aid decisions.

The SAP implementation will enable HDFC Standard Life to gain a clear view of its business,aiding it to make prompt and sound decisions to optimize its business performance. In addition,SAP industry packages like SAP Incentive and Commission Management,SAP Marketing for Insurance,SAP Sales for Insurance and SAP Service for Insurance will facilitate HDFC Standard Life to address the unique business requirements of the Indian life insurance industry.

With SAPs software and services,HDFC Standard Life is building an integrated and scalable IT platform to not only manage their core business processes but also deliver superior value to their customers, said Ranjan Das,Managing Director,SAP Indian subcontinent. We are excited about this partnership and look forward to helping HDFC deliver a faster,richer and seamless customer experience.