Statutory Accounting Principles

(redirected from sap)
Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Idioms, Encyclopedia, Wikipedia.

Statutory Accounting Principles

A system of accounting used by insurance companies. They are considered more conservative than the Generally Accepted Accounting Principles; this is because insurance companies will, at one point or another, have to pay benefits to most policyholders. Therefore, they must take all possible steps to remain solvent. SAP have minor variation by state, but are generally used by all insurance companies in the United States.
References in periodicals archive ?
Designed to be easy-to-use and implement, SAP Business One supports companies with as few as 10 and as many a several hundred employees and can provide a time-to-benefit in just a few weeks.
SAP and Redwood Software have been working together for many years to deliver unprecedented levels of process automation efficiency to SAP customers," said Tijl Vuyk, president and CEO of Redwood Software.
Our most recent certifications are but another milestone in our longstanding partnership with SAP," says Chris Will, chief technology officer, Apriso Corporation.
Our latest work together -- focused around streamlining data management tasks -- points to that innovation and how it pays off for customers in greater storage asset utilization, tighter integration between SAP software and NetApp systems, and ultimately a lower total cost of ownership in an IT environment.
Users will be able to search legacy data right from within the familiar SAP solution-based environment with options such as combined SAP solution and legacy search.
Initial implementations of SAP solutions are often large, enterprise-wide projects, encompassing business-critical processes where system performance and availability are key," said Andre Pino, chief marketing officer, Segue Software.
Under the global agreement with RWD, SAP Education, the world's largest enterprise application training provider, will now globally distribute SAP User Training and Performance Solutions incorporating RWD Info Pak(R), a suite of services and software to improve users' proficiency in working with SAP solutions.
E[acute accent]SAP, SAPPHIRE, SAP NetWeaver, mySAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world.
Optimize for SAP integrates with SAP applications at the most granular business event level, enabling real-time monitoring of nearly any SAP-based business process, as well as the non-SAP systems that support these processes.
Solumina has implemented its solutions integrated with SAP solutions in over 25 facilities in the Aerospace and Defense industry and the number is growing rapidly.
Acsis vice president of solution engineering, John Dipalo, will deliver a presentation entitled "Shop Floor to Top Floor: Connecting Shop Floor People, Processes, Devices and Data with SAP Solutions" through which attendees will learn how to leverage integration technologies from SAP, such as the SAP xApp[TM] Manufacturing Integration and Intelligence (SAP xMII) composite application and the SAP Auto-ID Infrastructure component of the SAP NetWeaver platform, to create solutions that can successfully unify processes across the entire supply chain and establish their operational systems for the future.
In addition to addressing the ASUG membership at various ASUG and SAP events throughout the year, SAP's leadership meets several times a year with the ASUG Board of Directors to align the strategic initiatives of both organizations in order to create value for ASUG members and SAP customers, as well as to ensure that the voice of the customer is heard at the highest levels within SAP.