Mahindra Satyam, a leading global consulting and IT services provider, said on Thursday that it has received a contract from Insurance Regulatory and Development Authority (IRDA) to implement SAP ERP.

The ERP system implementation will include human resource management, payroll, self-service portals, accounting modules, connected hardware and software and providing post implementation support.

This will help IRDA standardize and automate business processes across its units, thereby enabling faster decision making, providing enhanced financial reporting. The solution will help automate most organizational functions and provide improved business processes for IRDA.

“This prestigious contract with IRDA reiterates not only our capacity to address the specific needs of the insurance industry, but also underlines the upshot of our strategic partnership with SAP and our expertise in implementing enterprise ready SAP solutions, said Dilip Jha, Senior Vice President, Business Head – Middle East, Africa and India of Mahindra Satyam.

Mahindra Satyam’s development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve numerous clients.