Highlights:
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The International Financial Reporting Standards (IFRS) set out requirements regarding the classification and measurement of financial instruments.
FlexFinance covers the entire set of IFRSs with the main focus on financial instruments.
It supports the process chain end-to-end.
Starting point is raw contractual information of financial instruments, customer data, payment information and market data.
For IFRS 9, the solution covers:
- Categorisation of financial assets and liabilities – IFRS 9 Categorisation Blueprint
- Initial and subsequent measurement – IFRS 9 Valuation Blueprint
- Impairment and risk provisioning – IFRS 9 Impairment Blueprint
- Financial Accounting (General Ledger / Accounting Rules Engine)
- Financial statements and notes