FinArch's flagship Financial Studio comprises of individual solutions for:
- Accounting; General Ledger, Sub-ledger, Trading Ledger. Multi GAAP solutions including IAS and IFRS reporting.
- Risk and Compliance; Basel II, Capital Management, Sarbanes Oxley.
- Management Information, Corporate Measurement and Performance ImprovementMIS, Datawarehousing, Profitability, Economic Capital, RAROC.;
- Reporting; Regulatory Reporting, Internal Reporting, Reporting for Compliance.
Financial Studio can be implemented as a ‘point solution’ to meet the individual needs of the business areas above. FinArch is a market and thought leader in each area. Financial Studio is based on a common data-model which underpins all of the individual elements. This means that the solution can be implemented as an integrated whole. This provides tremendous strategic synergies in bringing together financial data as well as risk data.
To that end, while many customers choose to implement solutions from FinArch to meet very specific needs, such as IAS39 and Basel II, the solution is extensible in to other areas based on the same common data architecture. It is often the case that customers implement Financial Studio to effect strategic change in the finance function, but via a tactical step by step approach.