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
In general the solution is component based.
For different steps in the process chain individual components are available.
This ensures that only those components which are required need to be implemented for individual solution designs.
The sum of components for IFRS is available as an "Out-of-the-Box" solution.
After mapping basic input data, the Out-of-the-Box solution provides required output for legal authorities. It too enables you to perform 360 degrees analysis of your business, considering valuation results, journal entries, descriptive deal as underlying for seamless breakdowns of and drilldowns into your business.
